All Forum Posts by: Douglas Gratz

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Phila.

Purchase price: $180,000
Cash invested: $75,000
Sale price: $345,000

Instead of buying and holding, I was curious to see how easy it would be to sell a rehabbed duplex. and WOW was it easy and fast! Biggest profit I have ever gotten from a flip

Investment Info:

Single-family residence fix & flip investment in Doylestown.

Purchase price: $260,000
Cash invested: $120,000
Sale price: $445,000

So this was my first flip and my first and only attempt to get into the business. I say only, because it got me in! Anyway great first property and I learned alot. I ended up having a friend who has done flips before. I offered him 30% of all profits and he didnt have to put up any money. He just had to teach me. Most would say, it was stupid % but without him I would be nowhere

Lessons learned? Challenges?

Check if property has Public Sewer or Septic. I ended up paying an extra 20K to replace septic and i was not happy

Investment Info:

Single-family residence fix & flip investment in Warrington.

Purchase price: $240
Cash invested: $120
Sale price: $430,000

This was my first flip and I was so excited to make a large lump sum profit! I bought it at auction and what a ride. It ended up having a squatter which took 3 months to having the sherriff vacate him, however, it took longer to finish but was worth the wait. Sold in 1 day. After closing cost Profit around 35k!

Investment Info:

Single-family residence buy & hold investment in Pottstown.

Purchase price: $55
Cash invested: $10

I bought this house using the profits of my other homes. I wanted a house without a mortgage and thats the only reason I bought a SFH. It was cheap, it is small and because it is small maintenance issues will be easy

Investment Info:

Single-family residence buy & hold investment in Pottstown.

Purchase price: $40
Cash invested: $45

This SFH i bought at auction on a whim. It was my first investment and it was time to get my feet wet and it helped me learn a valuable lesson early on!

Lessons learned? Challenges?

TAXES. Taxes are so high in my market that a SFH only cashflowed under $300 per month. So the next house Ibought was a duplex and it cash flows $1200 per month. What a quick awesome lesson!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Pottstown.

Purchase price: $60
Cash invested: $85

Bought this duplex for the same reason I bought all others, CASHFLOW and taxes. In my market taxes are so high that only multifamily can flourish

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Pottstown.

Purchase price: $87,000
Cash invested: $15,000

Bought this property after my first Refinance of another duplex. After finding out how much they can be appraised for, I jumped on this one. I like pay $0. After 6 months I refinanced and got all of my money out +15k

What made you interested in investing in this type of deal?

Cash Flow

How did you finance this deal?

Cash

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Pottstown.

Purchase price: $125,000
Cash invested: $20,000

I love duplex's. One unit to pay the mortgage and the other for my pocket! Bought this through the MLS. First time not using an auction.

Investment Info:

Single-family residence buy & hold investment in Pottstown.

Purchase price: $34,000
Cash invested: $53,000

SFH

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $90
Cash invested: $15

Bought this duplex at auction for 90k. ARV was 250k! after 6 months I refinanced and took out 175k at 3.7%. Profited over 50k and cashflow 1200 a month!

What made you interested in investing in this type of deal?

Income producing

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

For-closure Auction

How did you finance this deal?

Cash

How did you add value to the deal?

Rehabbed

What was the outcome?

Bought this duplex at auction for 90k. ARV was 250k! after 6 months I refinanced and took out 175k at 3.7%. Profited over 50k and cashflow 1200 a month!