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Case Study - SFR in San Antonio, TX

ROI: 37.19%

Profit: $16,068

Total Expenses: $10,147

Hold Time: 11 months

Exit Strategy: Foreclosure Auction

Story: This note was a 1st position deed of trust on a single family home. The borrowers were elderly and both passed within a few months of each other. The heir did not want the property and did not contest the foreclosure. The property went to foreclosure auction and was purchased, providing a full payoff.

Lessons Learned:

  • Even in Texas, winterize the house when vacant. The house was thankfully unscathed, but the scary Texas freeze happened.

  • Get the lawn mowed while waiting for foreclosure sale so the neighbors don't call the city code enforcement


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