Arlington TX: Rental / Flip

[Riley Caldwell]

I have been talking to the owners of a house that is for sale in Arlington. The owners live in-state but in another city - they are investors themselves. This is a rental property for them. They are tired of dealing with this house and need money. The current tenant will be leaving this month. It is in a good area, and has an acre behind it. It is the older, cheaper house on the street. I have several value-add ideas for this property. I see potential for a good rental property or a fix and flip. Their initial asking price is high, however I was quickly offered an 'allowance' for repairs without even trying. And I know they just want this headache gone - so consider the price very negotiable. I have not done a real estate deal yet. What I'm looking for is somebody that is interested in this deal who is willing to let me 'watch from the sidelines'. If it turns out that you wanted it, I would be more than happy to help with any repairs, managing, anything. I want my foot in the door of real estate and doing is the best way to learn. If anyone is at all interested in just taking a closer look, please get in touch!