Sir Phillips, San Antonio, TX

Home/Sir Phillips/Sir Phillips, San Antonio, TX

Project Description

Asset Type – Single Family Residence (SFR) in a suburban Northside neighborhood of upscale mid-century homes

How Acquired – From a Real Estate “Wholesaler”

How Funded – “Self Directed” IRA and Joint Venture (JV) with another Investor

Objective – “Buy-Fix & Flip”

Scope of Work – Demolition to remove wall; major cleanup; leveled foundation, new kitchen and appliances; new bathrooms; floor tile work; interior paint; extensive landscaping.

Exit Strategy (Outcome) – Rehabbed, then listed for sale with a Realtor.  Sold retail to buyer represented by a Realtor.  Accepted buyer’s offer, funded via conventional bank financing.