Our second wholesale deal in San Antonio, Texas.

[Peter Vargas]

Investment Info:

Single-family residence wholesale investment in San Antonio.

Purchase price: $140,000
Sale price: $155,000

A single-family house with 3 bedrooms and 2 baths. Near SA International airport purchased to be turned into an Airbnb.

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

The property location and the equity this property had to offer.

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

Driving around and leaving notes at the premises.

How did you finance this deal?

No financing needed

How did you add value to the deal?

The property location and the equity provided the value.

What was the outcome?

We sold the property

Lessons learned? Challenges?

Several challenges, one of them was a lien against the property the other challenge was finding another property for the sellers.

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

I am a licensed Realtor.