All Forum Posts by: Boone Tyson

Investment Info:

Single-family residence fix & flip investment in Mcallen.

Purchase price: $93,000
Sale price: $105,000

Bought this from a wholesaler. Decided that we would attempt to resale on MLS since we had our crews on other projects. Found another cash buyer instantly and got it sold in less than a month.

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

quick cash turnaround - minimum exposure - scalability

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

wholesaler brought it to us and we negotiated down a little

How did you finance this deal?

LOC

How did you add value to the deal?

got it better exposure on the MLS

What was the outcome?

It sold very quickly to another flipper for cash

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $135,000
Cash invested: $15,000
Sale price: $185,000

Easy fix and flip brought to us by a realtor friend. Needed a quick sale.

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

It was a simple project. Light cosmetic work only.

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

An agent brought it to us and we agreed to their desired price.

How did you finance this deal?

LOC

How did you add value to the deal?

Cosmetic rehab only

What was the outcome?

quick sale when completed.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000
Cash invested: $55,000
Sale price: $170,000

We bought this. property at the beginning of 2020 to BRRRR. We had a number of other flips going on and this was a monster project, so we decided to put it on the back burner for a while. After Covid hit, our market had an inventory shortage for affordable housing, so when the market went way up, we elected to sell it.

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

This was a big project that we bought off market. We had cultivated a relationship with the owner for over a year. It had a lot of wasted square footage and a rambling floor plan that didn't make much sense, so we knew we could repurpose the square footage

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

This was an off market seller. We made an offer, got it under contract, and then renegotiated a little more off after we took an inventory while under contract.

How did you finance this deal?

LOC

How did you add value to the deal?

Gut job remodel. New roof, new plumbing, new AC, new flooring, new electrical, paint, lighting, replaced some windows, got rid of junk, etc...

What was the outcome?

Set to close in a week or 2

I believe we have it booked for Smokin' moon Tuesday the 15th at 7 pm. Just networking this time. Nothing virtual. @Erik Orozco posted it

No kidding!! Erik and I kept talking about it and then it never materialized. I'm thinking we will just do it this month, see who can make it and then be regular after this one

Hey everyone. Happy Holidays! Let's get together this month for a McAllen, TX investor meet up. I'm thinking either Roosevelts or Copper Moon since they both have outdoor seating. How does Tuesday Dec. 15th at 6:30 work for everyone? No agenda. Just an opportunity to network together!

@Shelby LeBlanc Had a call with my attorney this week and it sounds like I will still be liable for the mistake. I should've paid more attention

@Camden Kelly Love that! Great job man! Keep up the good work.

@Mike Wood I agree with a couple people here. Stick with a single paint color and make it eggshell or satin for easy clean up. Less hassle than dealing with multiple colors, less materials to keep on site, less issues overall.