Could this be your next project?
We’ve recently put this really cool house under contract (along with our frequent partners at Andress & 3). This house is in Cameron, Texas, which is between Temple and College Station (a friendly, small town that’s a convenient commute to either of those places). It’s got two bedrooms and 2 bathrooms, and features a lovely wrap-around porch. The previous owners had begun a renovation, but had to move suddenly. It’s ready to turn into a happy house.
As usual, we have multiple possibilities of things we can do with the property (exit strategies). The strategy we prefer right now is to wholesale the house to another investor, who can finish the renovation and either sell the house or use it to generate rental income.
Why wholesale this one? It would be a fun property to fix up, since it’s cute as the dickens. Well, folks in our profession occasionally find themselves with more houses than their contractor teams can handle, and that’s what’s going on now. Our Cameron team is busy right now with another big project (see the next blog post!), so it would be quite a while before we could get started with this one. But that’s plan B, for sure.
So, how about it? Are you one of our investor friends looking for a new project? Would you like to get started in the rehab business in a small town with low prices? Our wholesale price is really low, and you could fix it up adequately for the area (think rental-house quality) and make a good bit of change. We’ll save the details for anyone who is really interested. We’ve got numbers we can share with you, and ideas for the renovation, so you would not have to start from scratch.
Give Carol a call at 512-807-8777 and start the conversation. We’d love the opportunity to work with one of our blog readers!