Greenhill Village Neighborhood Buy and Hold

[Danny Garcia]

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $110,000
Cash invested: $45,000

We gutted most of the house to make way for new electrical, plumbing new kitchen and demo. The new rental has a modern kitchen, new appliances, LVP flooring, new central air, LED lighting, new window, paint, texture, etc.

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

We were able to get a decent deal in an up and coming neighborhood.

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

We used a wholesaler for this one. There were some challenges that made it unattractive to other investors.

How did you finance this deal?

We paid cash.

How did you add value to the deal?

We added energy efficiency by adding LED lighting, insulation, double pane windows and central air/heat. We also added a much needed kitchen renovation that included new appliances, tile flooring, quartz counter tops and white shaker style cabinets.

What was the outcome?

We rented this one above market value.

Lessons learned? Challenges?

We encountered termites along the way and some unexpected foundation work that needed to be done.