Small multi-family (2-4 units) buy & hold investment in San Antonio.
Purchase price: $23,000
Cash invested: $250,000
My investment baby.
This is where it all started. I bought this home with my boyfriend at the time 5 years ago, with the desire to turn it into my home close to downtown SA, Pearl, Local Coffee. The relationship ended, and I didn't know what to do with it by myself. Although I had lots of ideas (like a small tiny house community- just no knowledge about how to make it happen-- still have this desire btw-- just maybe elsewhere). So I just held on to it for years. Kept it cleaned up, got a few no
What made you interested in investing in this type of deal?
Initially, it was a personal investment for a private home. But it became a rental investment that has opened the door to real estate investment for me!
How did you find this deal and how did you negotiate it?
I found it on Zillow five years ago.
How did you finance this deal?
Paid cash then private money partner for the build out.
How did you add value to the deal?
I turned it into a duplex from a single family home on a small lot.
What was the outcome?
I high functioning short term rental in the heart of San Antonio!
Lessons learned? Challenges?
VET your CONTRACTORS!!! DON"T STOP. CRY IT OUT THEN KEEP GOING!!
Awesome place! My jaw dropped when I saw you bought the place for 23k.
@Anna Villalobos Congratulations! What a great accomplishment. The first property my wife and I decided to purchase and rehab was a 1904 SFH in a historic district. As I'm sure you are well aware, the learning curve can be extremely steep so I definitely appreciate what you were able to accomplish.
@Aaron Bihl LOL, yeah, that was back in the day! 🙃 Those are MUCH harder to find these days!!
@Mike Castellow Oh man, I had no clue!!
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