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An out-of-state investor started this rehab. He couldn't finish it.

5944 Colgate St, Philadelphia, PA 19120 · Bought mid-rehab, as-is · Finished and back on the market.

Failed flipHalf-done work, wrong work
Out of stateOwner 1,000 miles away
As-isNo repairs, no punch list
FinishedFully renovated by us

The situation

An out-of-state investor bought this Olney rowhome to flip it. He'd never stood in it. He hired the work out from another state and it went the way those usually go — the crew did what they wanted, the money ran out, and what got built wasn't right in the first place.

By the time he called us, it was an open, half-torn-apart house sitting in Philadelphia with taxes running and no end in sight. He wasn't going to fly in and manage a rebuild.

What we did

We bought it exactly as it stood, mid-rehab, and took on every bit of it — including undoing the work that was done wrong. He was out from under it in one settlement, with no more money going in.

Then we finished it properly: kitchen, two full baths, floors, windows, HVAC, the basement, the front. It sold as a finished home.

If you're an out-of-state owner

This is the most common call we get from investors: a Philadelphia property that looked good on paper from far away. We buy them as they sit — open walls, no permits, unfinished work, tenant still inside. You don't fly in, you don't chase a contractor, you don't finish anything.

Before & After

5944 Colgate St

Drag the handle. Left is the day we took it over.

After
Before
‹ ›
BEFORE
AFTER
BEFORE

How we got it

Boarded up, awnings shot, work abandoned
AFTER

Finished

Finished, front
New kitchen
Kitchen from the dining side
Open first floor
Living room into the kitchen
Front room, new windows
New bathroom
Second bath, skylight
Bedroom
Second bedroom
Finished basement and laundry
The block from the front steps

More houses we've bought

Stuck with a Philly property from out of state?

Half-finished, vacant, tenant in it — we buy it as it sits. Send the address and we'll look this week.

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