McAllen Flip - 78501

[Boone Tyson]

Investment Info:

Single-family residence fix & flip investment in Mcallen.

Purchase price: $82,000
Cash invested: $45,000
Sale price: $165,000

Finished and shooting photos today to list for sale. Hoping to sell around 155K. Will let you know when its sold.

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

Location is the most desirable in that zip code.

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

Wholesaler. Made an offer and closed the deal

How did you finance this deal?

LOC

How did you add value to the deal?

Total Rehab

What was the outcome?

Sold for a greta profit immediately

Lessons learned? Challenges?

We needed a better contractor to oversee the project because the workload was a little too much for him. Some things fell through the cracks.