All Forum Posts by: Brian Lenz

I agree with @Mark Creason and @Todd Plambeck.  The foundation seems to currently be in good shape and any issues with water running down the hill towards the back of the house can be easily solved with a drainage system.  @David Sumner are you planning to hold this property as a rental or flip it?

***Reduced Price***

Asking $142,000

@Dmitri L.

I'm actually the owner.  I bought this property about a month ago with the intention of wholetailing it to another investor that simply wants to deal with cosmetics and not have to mess with the major repairs.  I already completed all of the foundation work, painted the outside of the house and replaced some siding, fixed plumbing leaks under the foundation, repaired the roof, and rebricked most of the front of the house due to the ties being broken from foundation shifting.

This is a great opportunity for someone that wants to get a taste of rehabbing without the hassle of completing major repairs.  I decided to leave the fun cosmetic stuff to another investor and instead keep my funds moving by wholetailing the property and not having to deal with retail buyers and the mortgage process.

Yes, the secondary bathrooms has been completely gutted and is ready to be finished out.  All plumbing and electrical work has already been completed.

Great investment opportunity in Arlington. This property is located less than 10 minutes from UTA and will make the perfect flip or buy and hold for the beginner investor. Well established neighborhood, centrally located in DFW.

Asking: $147,000

Repairs: $6,000 (see breakdown below)

ARV: $180,000

Est. Rent: $1,450+/mo

Property Details:

1955 build

1,881sqft (200sqft addition not shown on TAD)

4/2/2

All of the major repair items have already been handled within the last month, including foundation (lifetime warranty), exterior paint and replacement siding, front of house rebricked, roof patched, and plumbing repaired. You’re set up for a simple cosmetic rehab that will take two weeks or less to complete. Necessary repairs are as follows:

• Interior Paint & Drywall Repair: $2,300
• Refinish Hardwood Flooring and Install Carpet: $1,700
• Bathroom Finish Out: $2,000

Total Repairs: $6,000

See the following link to Craigslist for pictures of the property.  http://dallas.craigslist.org/sdf/reo/5268062038.ht...

**Cash or Hard Money ONLY**

*Buyer is responsible for completing own due diligence

Is anyone here investing in the Wichita Falls, TX area, including Archer City?  I'm looking for someone to partner with in that area.  Let me know if you are active in this market.

@Geode Pratt

The number of emails you receive really depends on the market area you select. I did Tarrant county only and probably received an average of 3-5 emails a day. Some days were heavier than others depending upon the availability of deals on the MLS.

@Geode Pratt

I met the owner, Juan Carlos, at the REI Expo in Dallas and subscribed to the service for a few months. I found one deal using their service that I bought and rehabbed. Overall, the service is pretty good for finding decently discounted properties and would probably be best for someone looking to scoop up rentals. I decided to terminate my subscription and focus those $$ on different marketing strategies. Most of the MLS deals I received didn't have enough spread for my strategy. I have nothing bad to say about the service as I did find a deal using it and the company is very receptive to feedback, both good and bad.

Excellent Rental or Rehab Property

Great Location!  Located less than 2 miles from Midwestern State University and Sikes Center Mall.

Price: $26,000

• ARV: $60,000                            Bedrooms: 2        Square Footage: 840         
• Repairs Estimate: $22,500       Bathrooms: 1       Year Built: 1979

If interested or for more information, contact Conner Moyer at [email protected] or 817-962-9236

@Grady Green  Welcome to BiggerPockets!

Send me a PM with your contact info and we can meet to grab a drink and talk about investing.

-Brian

Baker Street.  I look forward to meeting everyone!