BRRRR or Fix and Flip in McAllen
Investment Info:
Single-family residence buy & hold investment in Mcallen.
Purchase price: $82,000
Cash invested: $25,000
Bought to potentially BRRRR or Flip. Can't wait to see the finished product
What made you interested in investing in this type of deal?
Love the location. Big lot, mature trees, lots of potential
How did you find this deal and how did you negotiate it?
Wholesaler friend brought it to me. Negotiated after walkthrough
How did you finance this deal?
Line of Credit and structured as a cash offer
How did you add value to the deal?
Gut job remodel
What was the outcome?
Still in progress
Lessons learned? Challenges?
LOCATION LOCATION LOCATION
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
A wholesaler and her attorney business partner