lower valley flip 79907

[Chad Dougherty]

Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $52,000
Cash invested: $5,000
Sale price: $80,000

Remodel had already been started on this property in the lower valley. Purchased off a wholesaler.
Learned what a "flood zone" was and what it was like to live right next to a train.

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

First investment property

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

wholesaler

How did you finance this deal?

hard money + student loans

How did you add value to the deal?

finished the remodel

What was the outcome?

18k profit

Lessons learned? Challenges?

ask about flood zones and what for trains nearby

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

blake hitchock is an amazing el paso tx realtor
sabin marquez is great for a hard money loan in texas