Charming central El Paso bungalow-style with in-laws quarters.

[Rudy Munoz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $93,000

Property has appraised for $258,000. Currently trying to execute a buy and hold but will fall back on a fix-and-flip if need be.

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

The area pf the property, the potential to return life to it, and the in-laws quarters in the back.

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

I found this deal about a year ago and it did not take much negotiations.

How did you finance this deal?

Hard money lender, from local lender Entrust Capital. At 7.99% for the first three months, and market rate + 7.99% starting month for. Repair escrow account of 67k included in my loan.