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Updated about 4 years ago on . Most recent reply

User Stats

188
Posts
186
Votes
Boone Tyson
  • Real Estate Agent
  • McAllen Texas
186
Votes |
188
Posts

Orange Ave Wholetail

Boone Tyson
  • Real Estate Agent
  • McAllen Texas
Posted

Investment Info:

Single-family residence fix & flip investment in Mcallen.

Purchase price: $90,000
Sale price: $105,000

There wasn't much to this deal. We saw value when we purchased and immediately sold it to another investor for a small spread.

What made you interested in investing in this type of deal?

The location is stellar. We knew we could find an investor to offload to.

How did you find this deal and how did you negotiate it?

Another agent brought it to us and we offered a solid brice with a leaseback addendum the sellers needed.

How did you finance this deal?

LOC

How did you add value to the deal?

We didn't do anything

What was the outcome?

Sold immediately to another investor

Lessons learned? Challenges?

Be ready and be in the right place at the right time by being in the game all the time

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