Active rehab + personal residence. The pain can be real!

[Aaron Francl]

Investment Info:

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

Purchase price: $265,000
Cash invested: $40,000

Buy, hold, rehab & refi purchase of historic property + personal residence in Government Hill. Actively renovating room by room, adding value and custom touches as well as extending the master bathroom, adding a second full bathroom and updating the old back porch into a new laundry room.

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

I love working with my hands and always wanted to renovate a house from top to bottom.

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

MLS

How did you finance this deal?

5% down payment as owner/occupant

How did you add value to the deal?

Working to answer this. Adding usable square footage, extending the master bathroom and converting an old porch into a full bathroom & laundry space.

What was the outcome?

TBD! Hopefully I can report back that I was able to pull out a lot of the equity I've put into this once the work I have planned is completed.

Lessons learned? Challenges?

Pack. Plenty. Of. Patience. If you live in flip, rehab, etc. you know the pain of tools, paint cans, scrap wood, etc. constantly all over the place. It can be a drain but nothing is more rewarding than seeing your vision come to fruition little by little.

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

Yes. Me!