Investor · San Antonio, TX · Member since 2020 · 14 posts · 4 votes
6y
@Nadeem Hussain I had an unfair advantage. My property management company managed this property when the original landlord passed away. His estate agreed to sell the property to me along with 4 others part of the estate. As a result, I flipped this one using a private money partner; and the other 3 I wholesaled. In hindsight, I should have done more to secure better financing and kept all 4 as rentals. Now this house is worth over $200k and the others have gained in value significantly as well. By now, they would have all been stable rentals for me and I could have refinanced using the equity and cash flow had I kept them. I hope this helps.