South Philly Flip Complete. Next please!

[David Haynes]

Investment Info:

Single-family residence wholesale investment in Philadelphia.

Purchase price: $110,000
Cash invested: $75,000
Sale price: $260,000

My client had a vision for this off-market South Philly house back in January that few could see. It didn't take him long to bring it back to the 21st century to demand top dollar. Buy low and sell high. What he bought at the rock bottom of the market is now selling at the top.

Even after dealing with a problem electrician and the city shutting him down for a couple weeks, he finished in great timing with minimal holding costs and is making a hefty profit. On to the next!