Chad Byard

Ironclad Equity Group in Helotes, TX

A small wholesaler I know brought me this deal and after some negotiations, I was able to get them down $20,000 on the asking price. I funding this deal with a combination of hard and private money, costing me very little out of pocket. What was unique about this property is the fact that is had no water source so I had to have a water well drilled. This 1.4 acre property with no neighbors visible, proved to be a highly desirable destination and never made it on the market!! Buyer paid $20k over asking and paid closing costs. My most profitable flip to date!

Rehab Details

Property City:

San Antonio

Property State:

TX

Purchase Price:

$200,000

Repair Costs:

$95,000

Holding Costs:

$30,000

Sale Price:

$417,500

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

Fortune Builders taught me negotiation skills and to trust my numbers. I had a much different rehab budget than the wholesaler and once I presented this info, I was able to buy it at a price I felt comfortable with.