Case Studies – TexasCashFlow.com

March 13, 2016March 19, 2016

Case Study 1622 Alametos 78201

This distressed property sale was completed in August 2015 by my San Antonio real estate investor. The market in San Antonio TX has changed greatly in the last year. The market is booming and prices are up across the board, even in fixer upper homes.

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 property investment homes and making 12-13% ROI annually, with no property maintenance.

This San Antonio investment 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 this San Antonio wholesale property 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 in San Antonio real estate investing? Contact us now.

After Rehab Additional Pictures:

February 9, 2016February 16, 2016

$41,000 ‘Junk’ House Now Makes Out of State Investor 14.6% ROI

It has been a very busy 2016 in our under market value investment property business in San Antonio TX! The housing market and economy here in South Texas is strong, even with the cheap oil prices.

We have just rehabbed and resold another of our out of state property investor’s distressed houses that I wanted to share with you. This was another of those ‘junk houses’ that so many investors pass by but I always buy.

Note: I like to lovingly refer to my properties as ‘junk houses.’ I love that most investors see them as ‘junk’ and run away from them. I have made millions off of ‘junk houses’ that other investors are scared of.

The smart investor just has to look beyond the exterior ugliness and see the potential of the house and the neighborhood.

These San Antonio investment properties are a bit run down, but are in up and coming neighborhoods where there is a great deal of revitalization occurring. All they need is some rehab and they can be resold with owner financing to a hard working, blue collar family.

The under market value investment property address is 166 North San Horacio, 78207. Here are the before images of this distressed property:

This below market value investment property is on a large lot for this part of west San Antonio with large mature trees in the front yard.

I sold this San Antonio investment property to a San Francisco investment property investor for $41,000. We then performed $10,000 of rehab on the property, which included paint in and out, minor foundation work, bathroom touch up, plumbing and electrical work, and new light fixtures.

Note that this is a seller financed property, not a rental property.

After rehab pictures:

The rehab was completed in December 2015. We got an owner finance contract on this under market value investment property in February 2016 for the following terms:

$76,000 price
$5000 down payment
$622 per month
30 year note
10% interest
Total ROI: 14.6%
Note can be resold after 1 year

This under market value investment property cost the San Francisco investment property investor $51,000 total and has an annual ROI of 14.6% – without any maintenance or repairs.

This is the type of real estate cash flow that you can make with out of state investment property in San Antonio TX! Most of my investors used to buy California investment property, San Francisco investment property, Los Angeles investment property, or San Diego investment property, and now they only buy here 🙂

October 31, 2015October 31, 2015

Case Study – 1219 Perez St.

$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:

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

October 31, 2015October 31, 2015

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:

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

October 31, 2015October 31, 2015

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:

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

October 31, 2015October 31, 2015

Case Study: 604 West Hollywood Ave.

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:

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

October 31, 2015October 31, 2015

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:

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

October 31, 2015October 31, 2015

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.

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:

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