BRRRR or Fix and Flip in McAllen

[Boone Tyson]

Investment Info:

Single-family residence buy & hold investment in Mcallen.

Purchase price: $82,000
Cash invested: $25,000

Bought to potentially BRRRR or Flip. Can't wait to see the finished product

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

Love the location. Big lot, mature trees, lots of potential

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

Wholesaler friend brought it to me. Negotiated after walkthrough

How did you finance this deal?

Line of Credit and structured as a cash offer

How did you add value to the deal?

Gut job remodel

What was the outcome?

Still in progress

Lessons learned? Challenges?

LOCATION LOCATION LOCATION

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

A wholesaler and her attorney business partner

[Joseph Ryan]

Love the posts @Boone Tyson. Erik Orozco, why are you building 2-4 plexs vs buying and why Weslaco? I'm new to real estate investing and am planning on getting a 4 plex somewhere around the McAllen area by the end of next year. In the future, I'd like to move to 5+ unit apartments so it'd be good to meet you also Gerino Alejos.  I'd love to meet up with ya'll some time. Has there ever been a bp meetup in McAllen? Thanks.