All Forum Posts by: Brian Evans

ARV $240,000

Cost to Repair $60,000

Purchase Price $83,700

Overage Cost $10,000

Profit $86,300

This is just for the main house, there is a smaller house on this property too. 

his is a rare opportunity for the right kind of investor. This house has so much potential to turn big profits. This is a rare Colonial house built back in 1921 with real 2x4, Post and Beam. Hardwood floors throughout the house. 11 foot ceilings, large country kitchen, and the list goes on. If you were to restore this house, or rehab it to a modern house, you could produce a very large profit. Houses like this are selling in this area from $220,000 to as much as $300,000. There is also a second House on this property, that with some work could be an income producing property. Let me tell you some information about Crockett if you are not familiar with this area. Crockett is close to Lufkin. Like all of Texas it is slowly growing. There have been a number of wealthy people who have bought this rehabbed Colonials and set them up as their retirement homes. Crockett is very close to the Crockett National Forest, which is a hug playground for the outdoor types. Lots of potential here. This is a hard house to comp, due to its rarity. However I do have some comps and houses like this one which have been rehabbed and what they are worth.

Hello Kyle J.

Thank you so much for helping me with this issue. Now that I see the answer I feel really dumb for not noticing that little icon. Thanks just the same.

Brian Evans

Hello Jon,

Welcome to bigger pockets. There are a lot of great folks here than can help you with any and every question you may have. Check out the blogs here and ask away.

Feel free to contact me if you may need some help, I am a licensed general contractor and an investor.

I know this is properly one of those "what a newbi question" but here goes. I have a wholesale deal I want to sell here on Bigger Pockets. I have no trouble filling out the new ad form. But my question is this, I do I post some photos of the property? Thank you in advnce for anyone who can help me with this. Believe me when I say, I have looked everywhere to find the answer. This is why I am posting this.

This is a rare opportunity for the right kind of investor. This house has so much potential to turn big profits. This is a rare Colonial house built back in 1921 with real 2x4, Post and Beam. Hardwood floors throughout the house. 11 foot ceilings, large country kitchen, and the list goes on. If you were to restore this house, or rehab it to a modern house, you could produce a very large profit. Houses like this are selling in this area from $220,000 to as much as $300,000. There is also a second House on this property, that with some work could be an income producing property. Let me tell you some information about Crockett if you are not familiar with this area. Crockett is close to Lufkin. Like all of Texas it is slowly growing. There have been a number of wealthy people who have bought this rehabbed Colonials and set them up as their retirement homes. Crockett is very close to the Crockett National Forest, which is a hug playground for the outdoor types. Lots of potential here. This is a hard house to comp, due to its rarity. However I do have some comps and houses like this one which have been rehabbed and what they are worth.

This is a well built house which needs a good contractor who can update this home. Once this house is leveled, then most of what would be needed is cosmetic work and updating of the kitchen and baths. This is just one way of many ways, to handle this property and turn a nice profit. This area along with most of Texas is growing, but is slowly doing so. Many of these bigger homes have been bought up and rehabbed. There are a lot of wealthy people buying up here and retiring. This is a much slower pace compared to Houston and it's surrounding areas. Close to Lufkin Texas. 

Thanks again Russ, I agree with you 110%, I have been here a short time, and I have meet some awesome people. People who genuinely want to help. I did a lot of Real Estate investing in Georgia back in the early 90's. A small town called Brooklet near Statesboro. So I know the challenge you are facing finding a club.

Thanks again Russ

Hello Russ, Thank you for the tip. I thought I had this very same arrangement with a "Private Lender" who after a few meetings and a rather large restaurant bill, this man committed to offering  $200K to cover purchase and rehab bill. as long as the deal met with the 70% criteria. I found what I thought was an awesome deal, in an upscale neighborhood. When it came right down to it, my guy would not pull the trigger. He just could not get past having to pay maintenance fees in our holding costs. This was a golf course community. So I am back to square one, trying to figure out how I can put the kind of deal you mentioned together. I ran an ad on Craigslist, this is how I met my last private lender. Which in the end cost me quit a bit. I love the idea of a 50 50 split. I was even going to give my money guy a 60% pay out for the use of his money, I just need a jump start to get me going.

Thank you Mark Nolan for the welcome, I think I may have gotten information overload. I just can not seem to find a deal on my own. But one of these days i will crack the code and start making some money with this. I know it works I see lots of folks doing exactly what I want to do.

Thanks again Mark

I have a deal in a gated community Here in Montgomery Texas. I am a licensed General Contractor with over 20 years experience in remodeling.

I have a nice home in an coveted gated community.

I am looking for someone who would be interested in partnering with me. I need full financing where I do the rehab and sell the property and split the profits with you.

There is a potential for a $40K to $60K profit depending on what we do with the property in a three to four week turn around.

I will provide photos and cost break down to all who are interested in Partnering with me. 

I am unable to reach my financial people at this time, we have a very short window to put under contract this is why I choose to run an ad here. Once this property hits the market place it will sell fast.

You can reach me by direct calling 936-597-8471-office

My cell phone is 936-203-7735-call or text

my email is [email protected]

Thank You

Brian D. Evans

Evans Construction Services