McAllen, Tx Flip house

[Boone Tyson]

Investment Info:

Single-family residence fix & flip investment in Mcallen.

Purchase price: $120,000
Cash invested: $8,000
Sale price: $135,000

Held it WAY too long. took a loss!!!

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

flipped another close to it

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

MLS

How did you finance this deal?

line of credit

How did you add value to the deal?

Cosmetic repairs

What was the outcome?

held it too long and lost about 3,000

Lessons learned? Challenges?

watch the market. seasons matter. get rid of it