Saul Aranda
San Antonio, TX (USA)
Role(s):
Founder/Owner/Principal
SA-Homes
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Startup
Location:
San Antonio
Industry:
Real Estate
Year Founded:
2001
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Sole Proprietorship
Description:
I purchase a distressed home property,
rehab/ update home - make ready for move in.
Sell home to deserving young family.
Sales are make at fair market value.
Assist other Real Estate Investors by
assigning a property contract to them.
Example: purchase home for 45K and add 20K
in repairs and updates. Then sell the home
for fair market $110K.
investment 45+20=65, 110-65=45.
The profit would be about 45K minus closing cost,
advertisement cost and loan paid back.
All in all a good profit for rehab work that
last about 6 months, from start to finish.