Investing in distressed properties was the smartest thing I ever did in San Antonio…but only because I had a mentor guiding me on which houses to buy and which strategy to follow.
He buys a distressed house for $50,000-$60,000 and owner finances it to a carefully selected buyer for $90,000. 15% cap rates most times, and zero investor repairs. It works great in San Antonio with our clientele.
There is no better residential cash flow than this system, but you have to have a mentor showing you the ropes, that’s for sure! What are your experiences with owner financing?