All Forum Posts by: Travis Buck

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $56,000
Cash invested: $8,000

700 sqft on near West side. Will be better than 1% deal when finished.

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

Location

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

MLS

How did you add value to the deal?

reconfigured layout and updated

What was the outcome?

not completed yet

Lessons learned? Challenges?

will updated

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Brandon Ramirez with Keller Williams/Ben Kinney Team

Both approaches can work. It all depends on what you want the end goal to be. The fun part is getting there. Flipping is a job and so is being a landlord. Both can be taxing in different ways. Flips can be found anywhere as can a long term buy and hold. Regardless of the avenue you decide to take, just make sure you know and understand ALL the tax implications of each, and how to protect yourself, your asset, and your money.  I highly recommend reaching out to @Rick Pozos , as well as attending some local meetups. I actually just joined meetup.com and found several to go to. Keep us updated!

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $1
Cash invested: $1

Bought in Lavaca neighborhood as a buy and hold. Was offered a sweet deal as an owner finance. Will update!

Update~~ deal fell through. Buyer scared off by price per sqft. I ran the deal by some other investors and an agent. All told me that I left some money on the table. Got it rented out a week later!

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $1
Cash invested: $1

found on the mls.

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $1
Cash invested: $1

HUD home. lived in then rented out

Investment Info:

Single-family residence fix & flip investment.

Bought in Lavaca neighborhood as a buy and hold. Full 13 month reno. 75% of the work I did myself. Was offered a sweet deal as an owner finance. Will update!

Update~~ deal fell through. Buyer scared off by price per sqft. I ran the deal by some other investors and an agent. All told me that I left some money on the table. Got it rented out a week later!

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

huge margin for value add.

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

MLS. Not much negotiating as the area is moving quickly.

How did you finance this deal?

cash

How did you add value to the deal?

I turned a 118 year old triplex into a brand new SFR.

What was the outcome?

rented out 13 months after I first swung a hammer on it

Lessons learned? Challenges?

hmmmmmm.......I feel I had a good grasp on what to expect, but due to the scale and depth, I fell a bit short on how small problems really add time to the project.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no

great to hear, and keep us updated on your progress.

cool

When denying an applicant, what form or forms do you send to them?

I found a blank copy of a 2016 version of a residential lease. If I am a NONMEMBER will the lease be legal? Hold up in court?