All Forum Posts by: Chad Dougherty

Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $148,000
Cash invested: $25,000

Westside sub to flip. Easily the highest sales price flip we have done.

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

Rehab is close to starting, just need to finish.

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

Organic facebook lead.

How did you finance this deal?

subject to existing financing

How did you add value to the deal?

finished the rehab and fixed a few... inexperienced errors the previous owner had made.

Lessons learned? Challenges?

LPV does not go anywhere there is water OR on stairs.

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

Blake Hitchcock is my realtor for the listing.

Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $77,000
Cash invested: $13,000

First sub-to Flip. Should take a week to repair and slap on the market.

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

Zero down, no financing required. Simply took over the note.

How did you finance this deal?

Subject to exisitng financing.

How did you add value to the deal?

Finished the project that the seller had started.

Lessons learned? Challenges?

Sun to is cool for flips, and when you find good contractors, you take damn good care of them!

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

Allison Tipton out of San Antonio as our closing attorney.

Yeah, under contract at 55k, assigned for 70k. Arv is 145k. Plenty of meat left for the buyer 😁

Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $77,000
Cash invested: $5,000

First Sub-To flip in the lower valley. ARV 130k

Investment Info:

Single-family residence wholesale investment in El Paso.

Purchase price: $87,000
Sale price: $97,000

SFH in Horizon City - affidavit of heirship

Investment Info:

Small multi-family (2-4 units) wholesale investment in El Paso.

Purchase price: $55,000
Sale price: $70,000

Duplex we worked for over 6 months with the seller to finally lock up.

Hi, we are a local wholesaling company in El Paso, Tx and the surrounding cities.

WestTexasREIG LLC

so this project was nearly done on the remodel when I picked it up. Needed new windows, finish the floors in the bathroom and kitchen, and some mouldings. and... that's about it!

Lived there for a few months to offset some costs since it was my first purchase.

With the student loans, I saw an opportunity and took it since I have the GI Bill to cover school costs.

@Yasir Einaudi rookie mistakes. Partnered with a "recommended" contractor as my project manager to try and save on costs. As soon as I gave him the first 6k draw (did not do line item bids on this deal...), his guys were never at the project, but out at other jobs he could afford to take on now. 

Profitable... in the end I netted roughly 6k. Should have been a 25-30k spread with the original 8 week timeline for rehab.

7 months from start to finish, 3 days on the market. Live and learn!

Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $130,000
Cash invested: $15,000

Live in flip in an amazing house, used a VA loan, in a quickly growing area.

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

amazing area and an amazing deal

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

realtor brought this short sale to me

How did you finance this deal?

va loan + veteran grant

How did you add value to the deal?

live in flip over multiple phases.

What was the outcome?

50k profit