Case Study – 1219 Perez St.

1
$29,000 cash price, $7000 in rehab, 120 DOM, sold for $55,000 owner finance, 12% ROI

This house at 1219 Perez St. in the 78207 zip code is another example of one of our more affordable homes. This area is being revitalized,  but homes are still less expensive here than north of downtown.

It was bought for $29,000 cash by the investor, and resold with owner financing for $55,000. Only $7000 in rehab was done, leveled foundation, painted floor, painted in and out. No more than that should be done as it isn’t necessary for resale. Terms:

  • $5000 down
  • $550 per month
  • 10% interest
  • No prepayment penalty
  • No balloon
  • Final price: $55,000
  • 12% ROI

More Pictures After Rehab:

new kitchen new LR new room 2

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

Case Study – 2923 Colima Ave.

front 3
$20,000 cash purchase, $5000 in rehab, 65 DOM, sold for $39,900 owner finance (Fair Market Value), ROI 12%.

This is an example of our lower priced affordable homes. These houses will sell in our neighborhoods in San Antonio TX. It is a 4/1 on Colima Ave. in the 78207 zip code. It was purchased by the investor for $20,000 cash, which was well under market value. He had it repainted in and out and the door secured, and other minor fixes. That cost him $5000 total in repairs.

Houses in this range and location do not require major repairs and upgrades to resell.

We then sold the house with owner financing to a qualified end buyer. The buyer was qualified according to SAFE Act – documented income, tax returns, pay stubs, employment verified. All Dodd Frank underwriting rules were followed.

Terms:

  • $3000 down
  • $400 per month PI/TI
  • 30 year amortization
  • 10% interest
  • No prepayment penalty
  • No balloon
  • Final price: $39,900 (FMV)
  • ROI: 12%

Note: The final price for the owner finance buyer is FMV and DOES NOT constitute ‘predatory lending,’ which is illegal per Dodd Frank regulations. Sold comps in the neighborhood on properties of similar size, age and condition are approximately $39,900 to $49,900 – if elec and water work and roof is not leaking.

A CMA was run on similar houses within a two mile radius. Max value in that area for similar houses is $99,900 for an immaculate property that has been updated.

More Pictures:

WP_20150131_006 WP_20150131_011 WP_20150131_012 WP_20150131_013

 

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

Case Study – 3711 Southport Dr.

Front
$49,900 cash purchase, $11,000 in rehab, 90 DOM, sold for $89,900 owner finance, 13.8% ROI.

This property at 3711 Southport Dr., 78223, was purchased by the investor for $49,500 in late 2014. It is on the southside of the city. This was about 30% under FMV.

It is a 3/1 with a one car garage, and was built in 1957.

Central air was added, painted on the inside, and kitchen and bath rehabbed. Total cost: $11,365. Total investor cost was $60,865.

Using our unique owner financing system, this property was resold in four months to owner finance buyer that we found for the investor. The buyer maintains the property.

Terms:

  • $5000 down
  • $895 per month PI/TI
  • 30 year amortization
  • 10% interest
  • No prepayment penalty
  • No balloon
  • Final price: $89,900 (FMV)
  • ROI: 13.8%

More Pictures After Rehab:

lr 2 light kitch bath2 halls 2

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

Case Study: 604 West Hollywood Ave.

hollywood
Before Rehab – $51,000 cash purchase, zero rehab by investor, 90 DOM, resold for $80,000 owner finance, $804 per month, 14% ROI.
dasdf
After rehab, completed entirely by end buyer.

This house at 604 West Hollywood 78212 is in Beacon Hill, which is a rapidly appreciating area north of downtown by 2-3 miles. It was bought for $51,000 cash in October 2013 by the investor. It was very run down. Today it is worth $125,000 and mostly rehabbed, but not by the investor — by the end buyer. Terms:

  • $51,000 cash purchase
  • $80,000 owner finance price
  • Zero rehab by investor
  • $806 per month
  • 14% ROI

More Pictures After Rehab:

20140403_080937 20140727_134826 20140819_153126 20141017_121747 - Copy holl bath rev

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

Case Study – 1629 Santa Anna St.

l20b61845-m0xd-w640_h480_q80
$62,000 cash purchase, $10,000 rehab, 50 DOM, sold for $89,900 owner finance, $937 per month, 12.3% ROI.

This 3 BR 1.5 bath affordable home north of downtown San Antonio TX is in a heavily revitalizing area. It was bought by the investor for $62,000.

It only needed approximately $10,000 of rehab, including new flooring, paint in and out, and minor foundation work.

The total project cost to the investor was $72,000.

Within 50 days of the completion of rehab, it was sold with owner financing with the following terms:

  • $5000 down
  • $89,900 final price
  • 10% interest
  • 30 year note
  • $937/month PITI
  • Cap rate 12.3%

More Pictures After Rehab:

l20b61845-m1xd-w640_h480_q80 l20b61845-m3xd-w640_h480_q80 l20b61845-m7xd-w640_h480_q80 l20b61845-m8xd-w640_h480_q80 l20b61845-m9xd-w640_h480_q80

 

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

Case Study – 1622 Alametos St.

This property sale was completed in August 2015. The market in San Antonio TX has changed greatly in the last year. The market is booming and prices are up across the board.

new front
$65,000 cash price, $15,000 rehab, resold for $99,900 owner finance, $1041 per month, 7 DOM, 12.9% ROI.

Still, we have CA investors coming into our fine city and buying affordable homes and making 12-13% ROI annually, with no property maintenance.

This property was purchased by a CA cash buyer in July 2015 at 1622 Alametos St. This house is in 78201, and is north of downtown. This region is seeing rapid growth and appreciation.

The investor bought cash, and we completed $10,000 in repairs in 3 weeks:

  • $65,000 cash price
  • $1500 carpet removal and adding wood vinyl in 3 bedrooms
  • $3500 HVAC
  • $750 for third bedroom conversion.
  • $750 for dumpster – clean out
  • $1500 two tone interior paint
  • $500 update five light fixtures
  • $1500 level front bedroom
  • $1500 closing costs

Total Investment: $76,500

Repairs were complete on July 31, 2015 and property was put on MLS. By Aug. 3, we had two full owner finance, price offers as follows:

  • $1041 per month
  • 30 year note
  • 10% interest rate
  • $5000 down payment
  • $99,900 final price
  • $216/mo. taxes/insurance

Investor’s total monthly income after taxes/insurance is $825.

Final ROI: 12.9%

Interested in earning 12-13% ROI with no property management expenses? Contact us now.

After Rehab Additional Pictures:

new door new front room new front new kitch 2 new lr 2 new br new bath new bath 2 new ac

Interested in Investing? Key Points –

  • $50-70k cash wholesale properties – mostly sold to California cash buyers
  • We qualify end owner finance buyers on job history and documented income per Dodd Frank rules.
  • All owner finance prices are FMV.
  • Typical terms – 30 year note, 10% int., $5000 down payment – varies depending on exact deal
  • Low foreclosure rate – resell to new buyer if needed
  • 10-13% ROI is typical return
  • 1-3 months to locate quality owner finance buyer
  • Tax/insurance payments are escrowed
  • 5-10k rehab, no long term property maintenance
  • We have completed over 1,000 of these deals
  • Contact us to learn more

SOLD OWNER FINANCE 144 E. Dullnig Court, San Antonio TX 78223

Front

More Pictures:

Kitchen.272203959 Living_Room.272204029 Yard.272205051

Please contact us to make offer or ask questions.

SOLD – 201 Parker Ave., San Antonio TX 78210

park3

  • Address: 201 Parker Ave., San Antonio TX 78210
  • Year Built: 1920
  • Description: Super hot south side cottage, bike ride from downtown by historical SA river which leads into the famous river walk with detached 2 car garage, close to mission trails/ gorgeous parks, 2 beds 1 bath, 914 sqft., built: Lot size: .12 acres, Subdivision: Riverside Park.
  • Cash Investor Price: $52,000
  • Exit Strategies: Owner finance: 5k down, $795.00 monthly PI/TI, 30 year amortization, no pre-payment fee, Price: $79.9K, repairs: 5K; paint, clean, etc.
  • Notes: Owner finance ROI will be ~10%.
  • Contact us for more information or to make offer.
  • Sold and Rental Comps: Sold Comps 201 Parker Ave Rental comps 201 Parker Ave

More Pictures:

Shower l 2 k 2
Please contact us to make offer or ask questions.

SOLD – 1740 Edison Dr . San Antonio, TX 78201

edison front

    • Address: 1740 Edison Dr . San Antonio, TX 78201
    • Year Built: 1918
    • Description: Out of state investment property with 3 beds 2 bath, 1040 sqft, built: 1918, lot size: .14 acres yearly taxes: $2,000.00, estimated yearly insurance: $800.00, estimated repairs: 30-35K, includes new HVAC, interior monterrey finish, paint in/out, outdoor storage unit, appliances, trash, lawn maintenance. 20% below market value.
    • Max After Repair Value: $139,000-$145,000 with owner financing on this out of state investment property.
    • Cash Price: $80,000 firm.
    • Exit Strategy: Owner Finance with 25K repairs: 5-10k down or more, $1,295.00 monthly P/I, 30 year amortization, 10% interest. Excellent cash flow, below market value property.
    • Notes: We recommend that you owner finance this out of state investment property because you will have no maintenance expenses. ROI will be ~10%.
    • Contact us for more information or to make offer.
    • Sold and Rental Comps: Sold Comps 1740 Edison Dr Rental Comps 1740 Edison

More Pictures:

thumb_IMG_3406_1024 thumb_IMG_3405_1024 thumb_IMG_3404_1024 thumb_IMG_3402_1024 thumb_IMG_3401_1024
Please contact us to make offer or ask questions.