little 3/2 flip in mcallen texas.
Investment Info:
Single-family residence fix & flip investment in Mcallen.
Purchase price: $87,500
Cash invested: $5,000
Sale price: $99,000
little 3/2. broke even. held it too long while we had another and ended up going out of country for a while
What made you interested in investing in this type of deal?
Looked like easy money
How did you find this deal and how did you negotiate it?
off market through another realtor
How did you finance this deal?
line of credit
How did you add value to the deal?
cosmetic touch ups
What was the outcome?
broke even
Lessons learned? Challenges?
held it too long and needed to offload in about 2 weeks.