MultiFamily Vacant Land Flip in San Antonio

[Matthew Tyson]

Investment Info:

Other fix & flip investment.

Purchase price: $15,000
Cash invested: $17,500
Sale price: $40,000

Vacant Land on the west side. Small multifamily double lot.

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

Seller was listing lot for sale as one unit, although this was a double lot.

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

FSBO. I reached out to owner and negotiated price down a bit.

How did you finance this deal?

Cash

How did you add value to the deal?

Advertised lot for sale focusing on the potential to add two duplexes. Purchased new survey.

What was the outcome?

Quick turnaround with no work involved.

Lessons learned? Challenges?

Liens can be difficult to clear, but necessary for smooth transaction.