Nice flip located in Northeast San antonio! Patience is key for great returns!

[David Serna]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000
Cash invested: $35,000
Sale price: $267,000

4 bedroom, 2 bath home that has been completely renovated from top to bottom. swapped out the roof, fixed some of the siding in the exterior and re-did most of the cosmetics inside the property.
Lead came from a wholesaler, closed it in less than 10 days. Property took a bit to sell but it was well worth it!

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

I had been doing wholesale for quite some time so after a while i decided to go full in into Flipping.

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

This lead came in from a wholesaler. I walked it. Thought the price was fair and decided to buy it. I did negotiate for them to pay for my survey.

How did you finance this deal?

This was done through a HM loan.

How did you add value to the deal?

I did a full rehab on it.

What was the outcome?

I listed it on the open market and got it sold !

Lessons learned? Challenges?

Gauging price in a changing market is challenging. I think if i had priced it right from the get go I would have sold it faster.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I listed the property myself!