Potential Tear Down, But Kept and Fixed by the Pearl

[Jose Campos]

Investment Info:

Single-family residence fix & flip investment in San Antonio.

Purchase price: $167,000
Cash invested: $120,000

Personal residence but will rent out once vacated

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

Great location central to all my coffee shops and bakeries

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

Found it morning it came on market and got it under contract that same day at full price

How did you finance this deal?

Commercial construction loan

How did you add value to the deal?

Completely gutted and renovated and rehabbed.

What was the outcome?

Major success with lots of built in equity

Lessons learned? Challenges?

Lots of challenges with contractors and budget but learned a lot

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

Contractors and project manager