The Meadow Arbor house is in a suburb of San Antonio. We acquired it in March 2017. It’s near an Air Force base, in a quiet neighborhood. It’s definitely a sad house. The rather old Google maps picture looks all happy, well maintained, and loved. The picture from when we first saw the house shows that the intervening years have not been kind. But that’s OK, it’s what we like!
The house has 3 bedrooms, 2 baths, and checks in at a cozy 1,205 square feet. It’s in a zero-lot-line neighborhood with garage access from the back.
The initial strategy for this house is to clean up the interior and landscaping, and use it as a rental for a couple of years. We have been looking to add to our rental inventory, given recent market changes. After that we may resell it as is, or fix it up for a higher resale, once we see where the neighborhood is going.
If you follow us on Facebook or in our blog, you know that we like to help people. In this case, the owner had moved out of state a few years back and had rented it to a friend to keep the mortgage up. This year, the friend had the opportunity to move into a larger house—I don’t know if the friend bought the new house or not. Rather than handle the rental long-range, the owner decided to sell us the house. We paid a fair price, and the owner doesn’t have to worry about getting the house ready for a retail buyer or even doing the minor repairs needed to bring in a new tenant.