Updated over 5 years ago on . Most recent reply
McAllen Flip - 78501
Investment Info:
Single-family residence fix & flip investment in Mcallen.
Purchase price: $82,000
Cash invested: $45,000
Sale price: $165,000
Finished and shooting photos today to list for sale. Hoping to sell around 155K. Will let you know when its sold.
What made you interested in investing in this type of deal?
Location is the most desirable in that zip code.
How did you find this deal and how did you negotiate it?
Wholesaler. Made an offer and closed the deal
How did you finance this deal?
LOC
How did you add value to the deal?
Total Rehab
What was the outcome?
Sold for a greta profit immediately
Lessons learned? Challenges?
We needed a better contractor to oversee the project because the workload was a little too much for him. Some things fell through the cracks.
