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Updated over 6 years ago,

User Stats

17
Posts
8
Votes
James Cook
  • Real Estate Agent
  • Houston, TX
8
Votes |
17
Posts

Looking to JV in Houston

James Cook
  • Real Estate Agent
  • Houston, TX
Posted
I’m a Realtor in Houston ,Tx and I flhave finally decide to “get my feet wet” I have helped investors in the past fix and flip and found that my Market Knowledge was very Valuable... here is the situation I have 3 properties that are perfect flips but I looking to JV for financing . I do have one investor whom I have worked with on previous flops as his buyer And listing Agent willing to finance with @ 65/ 35 split but I’m wanting to explore other option before committing. Here are the details in each property Property 1 Short Sale Market value 225k Repairs ~ 18-22k with Materials Offer price 150k **** this is a Listing I am working directly with the bank Property 2 Estate sale Market Vale 205k Asking 150 Repairs 10k Guest house did flood 90% of repairs done on it Main House never flooded does have some issue with Piping and will need some Sheetrock repair as pipeline leaked in to kitchen Masterbedroom. Property 3 Property flooded and Vacted This one is tough it Flood during Harvey And small amount maybe 3 inches didn’t Tax day floods . (It’s my next door neighbor ) Repairs are around 50k Market value around 215k Offer PrIce 115K Lookiing for feedbacK.

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