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Flipped our first house $40000 Profit

We’ve all seen the ads or signs

We Buy Houses

So I decided to do some online marketing and promote our lead generation website. The competition and adword bidding is pretty competitive.

Keywords such as:

Can easily run up to $100 dollars per click. But fortunately after receiving around a dozen leads and spending over $400 in adwords I received a great lead. This home was located in Big Country (located near Marbach and 1604 in San Antonio, Texas) and the homeowner wanted to sell fast because he was moving to California. So I did a little research to see how much the homes sold for and  came back with around $110k. This was a 3 bedroom 2 bath 1 car garage home.

Setting up the meeting

So as soon as I receive my text message from my lead generation website I call the homeowner to make an appointment to see the house. I call, he answers and we set up a time and date for me to see the house. I do a little research and find out that the homes in Big Country, San Antonio Tx go for around $100 per square foot. So this house after repairs would list for around $110k. Yep its a small house.

Initial inspection

This house has great curb appeal, the lawn was taken care of (nice St. Augustine grass) the exterior had nice paneling and the only thing needed was to repair one side of the privacy fence. Looking inside it needed for the carpet to be cleaned, walls painted, bathroom and kitchen needed cleaning but all and all it was surprisingly clean.

Time to make the offer!

For some reason I always like to feel the homeowner out to find out where he or she is at as far as price is concerned. But he just says “make me an offer”.  Reluctantly I say $52k and he says “that’s fine”.  So I immediately think “my offer was too high” but what the heck it didn’t need much work. I rush home to get my sales contract (yes I made the mistake of not having it with me). I fill out the contract he signs it and now its time to get the paperwork to my title company.

Closing

I was able to close on this home in just over a week because I paid cash for it. Paying cash also helped keep my closing costs down. Closing costs were around $1500.

It’s Mine!

Now it’s time to get to work. First thing I did was put a for sale sign in the front yard. I needed to repair the privacy fence because the neighbors grass in the backyard was knee high and had some junk I didn’t want to see. The cost for repairing one side of the fence was around $350.

I checked the interior and found that the kitchen sink disposal didn’t work. So I fixed that. Repaired the baseboard under the kitchen sink. Started thinking about replacing the carpeting or just cleaning it. Called my brother at Baker Restoration and he said he could make it look really nice by just cleaning it. So cool saved some bucks.

Decided to do some yard work and cut the grass and remove some brush from the back yard. So now it looks decent of course this took about two weeks. But I did receive a phone call from a lady who was interested in buying. By the way I had written on my for sale sign $96K

It Sold!

The interested buy comes by to check out the house. Tells me she has been looking for a house in this neighborhood for some time. She works close by and her son goes to school in the district. I tell her that I still need to clean or replace the carpet and paint. This is when she tells me that she doesn’t want me to replace the carpet because she is going to put in carpet that she likes.

Ok, how about the paint, again she says “I’m going to paint it the colors I like”. I’m thinking great so my next question is do you have a qualification letter from the bank or mortgage company.

Everything falls into place she pays what I’m asking decides to paint the interior and replace carpet.

One Problem

The only problem I ran into was the 90 day seasoning. I actually found the buyer after about two weeks but it did take us 90 days to close.

The Payoff

Sold it for $96K minus the $52k purchase price is $44K gross profit

Of course there was some inspection fees and closing cost but it ended up being a great deal from my point of view. So finding the cherry deals can be done but it takes time. It’s well worth it.

“We Buy Houses San Antonio”

We buy houses, give me a call if you have a home for sale in the San Antonio Area. Our favorite areas to buy homes are Alamo Heights, Monte Vista and Terrell Hills. Keep us  in mind when you have a home to sell. Other areas that we buy houses are Schertz, New Braunfels and Helotes.

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Island Cowboy Beef Jerky

Island Cowboy Beef Jerky Recipe

buffalo bills western cut beef jerky teriyaki 14lb Island Cowboy Beef Jerky Recipe

Beef Jerky

Ingredients:

  • 1 1/2 pounds beef (or any meat type)
  • 2 tablespoons soy sauce
  • 1 tablespoon grated ginger
  • 1/4 teaspoon black pepper
  • 1/4 cups lime juice
  • 2 tablespoons Worcestershire
  • 1 teaspoon red pepper – crushed
  • 1/8 teaspoon liquid smoke
  • cooking spray

Directions:

  1. Cut your meat into 1/8″ to 1/4″ thick slices. (It may help to slightly freeze before hand)
  2. Mix lime juice, soy sauce, Worcestershire, ginger, both types of pepper and liquid smoke.
  3. Add meat and coat.
  4. Cover and refrigerate for at least 6 hours.
  5. Dry meat according to your dehydrator.

best beef jerky

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Beef jerky recipe from Alton Brown

Beef Jerky Recipe from Alton Brown

Trim the flank steak of any excess fat, place in a zip-top bag, and place it in the freezer for 1 to 2 hours in order to firm up.

Remove the steak from the freezer and thinly slice the meat with the grain, into long strips.

Place the strips of meat along with all of the remaining ingredients into a large, 1-gallon plastic zip-top bag and move around to evenly distribute all of the ingredients. Place the bag into the refrigerator for 3 to 6 hours.

Remove the meat from the brine and pat dry. Evenly distribute the strips of meat onto 3 of the air filters, laying them in the grooves and then stacking the filters on top of one another. Top these with 1 empty filter. Next, lay the box fan on its side and lay the filters on top of it. Strap the filters to the fan with 2 bungee cords. Stand the fan upright, plug in and set to medium. Allow the meat dry for 8 to 12 hours. If using a commercial dehydrator, follow the manufacturer’s directions.

Ingredients

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South Texas Home Investors

South Texas Home Investors buys houses in and around San Antonio (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).

Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.

Baker Restoration

Welcome to Baker Restoration, we are here to provide you and your family or business with Quality, Professional, and Reliable Carpet Cleaning service. We use superior carpet cleaning equipment and methods to make your home a healthier living environment.

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Help, I’m behind in my mortgage payments in San Antonio!

behind-on-mortgage
Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure

San Antonio Home Buyers

 

We know how stressful it can be to receive a notice of default in the mail. I know it’s easy to say “Don’t worry” from people around you. Sometimes you just need to start over. It’s a lot easier to start over without  a foreclosure on your credit score. Let’s figure out a way to get you back on track. Weigh your options, can you afford to seller finance your home? What about a lease option? Or just sell it outright. When you exercise any of these options it will help your credit. Don’t just wait until the last minute. Take Action! Let’s discuss your options.

We can stop foreclosure! When you fall behind in your mortgage payments on your San Antonio home, it can feel like you’re drowning in debt.

Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge.

Stop Foreclosure

There’s a few options that can help you to Stop foreclosure in San Antonio and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in [market_city] have been lost to foreclosure, but there are many ways to avoid it.

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MFA):

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.

With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.

4. Negotiate with your bank:

Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced, or a temporary reduction in your payment.

Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.

You have to work really hard to negotiate with a bank. Usually it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.

That sounds obvious, but for some reason bankers seem to forget it when saying no to someone in need of help.

5. Borrow money from a private investor:

If you’re behind in your payments and need to sell fast, we can help.

In certain circumstances, we may even be able to help you stay in your home.

We work with homeowners in San Antonio to find solutions to foreclosure problems.

We’ll let you know how we can help.

Give us a call now at [phone] or
fill out the form on this website to get started.

 

Sell my home fast San Antonio

Carpet cleaners in San Antonio

Carpet cleaning

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Foreclosure notice of default

live in [market_city] and get a foreclosure notice of default?

 

San Antonio Home Buyers

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.

Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.

The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).

The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.

Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.

San Antonio Home Buyers

Back before US law required a notice of default, people were sometimes foreclosed on without any warning.

In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around [city].

The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.

If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

Here are a few key steps you should take:

1) Stay calm and don’t panic.

This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.

2) Educate yourself.

Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.

3) Gather your resources.

There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.

4) Learn your options.

We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.

5) Communicate.

The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.

Want to know more?

Call us anytime [phone] or connect with us on our website
and we’ll lay out all of your options for your specific situation.

We Buy Houses San Antonio

Contractors

Carpet cleaners San Antonio

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I inherited a House, What To Do? – Should I rent or sell in San Antonio?

We Buy Houses

 

First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We buy houses in San Antonio, Texas

We’re seasoned investors in San Antonio real estate, and we’re looking to buy several houses each month in the San Antonio Texas area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy  houses for cash, as-is.

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our [city] investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near San Antonio – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Just call us today at [phone] or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!

 

San Antonio Home Buyers

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Beef jerky in San Antonio

We’ve been selling the best beef jerky here in San Antonio for several years. I sell  jerky mostly online and market mostly to the gaming community. If you are looking to purchase our delicious jerky and are located in San Antonio I do deliver or will meet you. You’ll love the best jerky in Texas!

I use the best cuts of beef for jerky-making. I try to pick a nice roast with very little fat marbling. My first choice is an eye of round roast. Because we let our meat marinade for 24 hours the result we get is the best flavor.

Best jerky in Texas

We haven’t been selling beef jerky for very long but we believe we have a great tasting beef jerky. Our jerky is loaded with flavor. With several flavors available Simple Jerky is bound to have a beef jerky flavor that you’ll love. Below is just a few of the flavors available.

Beef jerky flavors:

Liquor flavored jerky

  • Whiskey flavored jerky
  • Rum flavored jerky
  • Beer flavored jerky
  • Tequila flavored jerky

We love eating and selling jerky! So if you would like us to ship to your office on a monthly basis we can do that.

Visit our partner site Ricks Jerky Shack