2324 oriole Avenue McAllen

[Boone Tyson]

Investment Info:

Single-family residence fix & flip investment in Mcallen.

Purchase price: $112,000
Cash invested: $18,000
Sale price: $154,000

Sweet little paint, flooring, kitchen and bath flip. Went smooth, no issues.

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

absentee owner who was tired of the tenant. Helped the tenant out and made it a win all around

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

Database calls. Negotiated price of 115,000 and found some inspection issues so negotiated further

How did you finance this deal?

line of credit

How did you add value to the deal?

cosmetic face lift and cleaning

What was the outcome?

easy flip. under contract almost immediately

Lessons learned? Challenges?

Tried to glue hot water pex pipe to CPVC pipe. won't work. caused a leak lol

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

represented myself