All Forum Posts by: Monica Felan

Have a client who needs to purchase a building with OWNER FINANCING TERMS.  He needs a space for a music studio...preferably NW S.A.  Size of building is flexible but he does need owner financing and has down payment and ready to close.  

If anyone has a small to medium commercial building willing to sell w seller financing, please let me know.

Much thanks,

Monica

For investors or relocators who want to purchase in San Antonio, I highly recommend a realtor with 20 years experience, most of it in San Antonio. Roseanna has saavy real estate knowledge, experience, and integrity. When working with investor landlords, she focuses on ROI to make sure anything considered is a good investment. For buyers, Roseanna makes sure the homes suggested fit each family's needs and will be a good investment when the time may come to sell for largest profit margin. Although Roseanna has a great support team, her clients always get personal attention.

Because I know finding a great realtor is key, wanted to share this endorsement with the community.

Roseanna Medellin, License 457979
Ultima Real Estate (Paul Bermudes, Broker)

210-884-6480

[email protected]

Sorry for the confusion of my question:/  

I meant to ask for a referral to an insurance agent who will insure the above scenario.

Thanks:)

curious who could be recommended for the following:

investment purchase of 3 SFRs on one property that have been purchased under LLC.

Thanks.

CONGRATS!  Keep up the good work:)

Peach Grove is a great, small neighborhood with pride of ownership.  Neighborhood is close to CityBase Mall and 37South.  Majority of homeowners are original.  Rental comps are $900 to $1,000 per month.  

ARV: $90,000
Repairs: $10,000
Cash Price: $54,000

VIDEO WALK THROUGH LINK BELOW:

https://www.youtube.com/watch?v=1ZpGEkhTSYg

If link doesn't work from here, copy and paste into search box.

Welcome! I agree, this is not as easy as it sounds. The most challenging part is finding the homes to wholesale. The information above is all accurate....now in Texas you must also add the overlay that the transaction fee (whether $2,000 or $10,000) MUST be disclosed on the HUD.....so you need to disclose to the sellers what you are doing for them (e.g., avoiding foreclosure, getting them needed cash quickly, etc.) and that the investors will pay you a fee of X. This way there are no surprises to the seller at closing that could cause issues.

You are smart to start this while employed still.  Many an investor has started to acquire rental properties (and cash flow) and flip homes wholesale until the income is enough to quit your job.

Best wishes in your endeavors!

About to close on first wholesale flip.  Is there a way to keep the assignment fee non-disclosed to seller (owner of house)?  I contracted the house with seller and then assigned the contract to investor.  Investor is fully aware of the assignment fee but I would prefer owner/seller not see this.  Would this be a "blind closing"?  Or is there a way for this to be done?  Thanks for your help.

Huge corner lot formerly used as Club/Office space. High visibility at corner of two very busy streets close to downtown in South San Antonio.  The property could be excellent for Insurance, Medical, Tax Office, Attorneys Office or Beauty Salon.  Total sq. footage is 7,300 with smaller unit currently rented out as a boxing gym.

Purchase price of $225,000 very close to Bexar County Appraisal District tax value.

Great neighborhood, with pride of ownership, near City Base Mall.  This 3/2/1 has deferred maintenance but also has great opportunity as a rental.  Rental comps range from $950-$1,000/month.

ARV: $90,000
Estimated Repairs: $10,000
Rental Comps: $950-$1,000

CASH PURCHASE PRICE OF $55,000

Below is a link to the VIDEO walk through of this property.

https://www.youtube.com/watch?v=1ZpGEkhTSYg