An Easy Rehab for a Germantown Rental!

[Louise Cornell]

Investment Info:

Single-family residence buy & hold investment in Philadelphia.

Purchase price: $95,000
Cash invested: $20,000

This Germantown rental needed very light cosmetic work to be brought up to speed to get tenants in there. My investor updated the kitchen and bathroom as well as some fresh coats of paint. It's a 3 bed 1 bath that is being rented for $1250/month. I'm a big fan of Germantown for the solid cash flow and appreciation.

How did you find this deal and how did you negotiate it?

I got the deal for $10k less than what it was listed for on MLS.

How did you finance this deal?

My investor worked with a private lender who was great, especially since he was lending to a first time buyer!