1915 old house comes with a lot of lessons to be learned ! This was an older home located near the Riverside golf course area in San Antonio. I learned a lot from this flip and it also yielded me a decent profit! Took about two to three months to rehab, and about 3 months to sell.

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

I love any of the areas associated with Downtown san antonio. I have flipped quite a bit all around here.

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

I bought this property from a national wholesaler whom I have worked with closely.

How did you finance this deal?

I financed this property with a hard money lender

How did you add value to the deal?

Property ended up being a bit of a headache at first since it's an extremely old house that had a lot of problems that weren't apparent when I first saw it. We had to correct many of the structural problems on the house and move a couple of things around on the layout. I created a second bathroom (since it was only a 2/1) in order to maximize it's resale potential and make it more appealing to a buyer. The roof was also a problem since it had wood shingles and apparently that is way more costly.

What was the outcome?

I went 6K over budget on this project, sold it for a bit less than what I wanted to, but learned a ton of lessons overall!! I still made a good amount of profit on it so I'm content with the overall outcome.

Lessons learned? Challenges?

I listed this house well into the winter holidays and was getting a bit restless that I wasn't getting much action on it. That being said, I ultimately had to take a 15K price drop on the house and finally got a solid offer from a young buyer. As I have mentioned above, the rehab was challenging as well.

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

I listed this property myself.

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FIX and FLIP located near Downtown San antonio (Riverside Golf Course)

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