DFW Quinlan seller finan/rehab

DFW Quinlan seller finan/rehab

Real Estate Investor · OR · Member since 2012 · 390 posts · 133 votes

I just got this under contract an hour ago.

I have pics and will have a website this afternoon for you to see.

Here are the details:

located off of 751, in Mulberry Cove

built in 1991, 1,936 sf, two story, 3&2, fenced yard, Large bedrooms, lot size of 3,498 sqft

Assessed value is 80,000.
Zestimate: $87,950
Rent estimates: zillow, $1,250 rentometer $977

Financing:
Cash for $27k includes assignment fee
Finance at $32 (incl assgn fee) with $12k down to pay off lien holder & have moving money
Seller said "We would leave things in our name till full payment is made (if we are financing)"

Condition of house
FROM SELLER "What needs done on the house is:
we put all new wiring for the entire house, as a result some sheetrock has been ripped out. Some painting in interior (only because I have kids that think drawing in walls is cool), It's not real bad, but you will want to do some painting (plus to cover the new sheetrock. We have one room to finish and all the electric is complete and we will close off the holes, if someone is purchasing.

The guest bathroom needs a toilet and flooring redone as the tile is all broken up. A bit more work needs done in there also.

There is no air conditioning unit. The ductwork is there, but the unit itself is gone.

There is four or five windows that need replaced and siding on the front. I think that's about it. Anything else you would want to do is going to be literal cosmetics (ie. the carpet could use replacing but with a shampoo, doesn't have to be...)

As far as outside goes, there is an extra hose hook up that needs fixed and the fencing needs redone. I know this sounds like a lot, but I honestly, don't think it's that bad. Considering the "run down" places I've looked at. This isn't that run down, just needs some love. :)

AND

"There is work to be done, but it does have great potential. The master bathroom just has a stand up shower/ toilet/ sink and has very little work. Just paint to be done, and a cabinet door. The other rooms are very minimal work also. mainly paint/ one closet door is down so it needs fixed... windows... all cosmetics.

Call me if interested,
Melodee
912-209-0602

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  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    13y

    Can you send me some more info ?

  • Real Estate Investor · OR · Member since 2012 · 390 posts · 133 votes
    13y

    Hi Greg,

    yes! I made all the sites yesterday and I can't remember if it's ok to post a link to them : /

    If you send a colleague request we can exchange info

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Hey Melodee Lucido yeah, posting links here in the Marketplace is definitely okay to do!

  • Real Estate Investor · OR · Member since 2012 · 390 posts · 133 votes
    13y

    Thank you Brandon. Still learning the ropes here : > Lovin it!

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