All Forum Posts by: Hector Perez

The house is sold.

if interested in receiving Houston deals visit my website www.janezrei.com and sign up to receive hot properties updates

@David Beard

Sorry for the confusion, The estimate is not posted, just the contractor information in case somebody wants to use his services and get a formal quote. we had our contractor, a foundation company and a plumber to estimate cost of repairs and the total was $27,000.

I did not receive a written bid, they were verbal quotes as we have a previous working relationship and it is just for estimations only.

I hope this helps

.

@Lyall Storandt

Hi Lyall, hope you are doing well. Good to hear from you.

Thanks for sending the deal to another BP member.

Take care

***Great Cash Flow Property***

Hello BP,

I have a wholesale property for sale in Houston, Texas

Sale price is $13,000

Estimated Repairs $27,000 ( we had a contractor estimating repairs and his information is at the bottom of the the post)

What repairs are needed: roof, sheet rock, foundation, plumbing, flooring, paint, siding, A/C

3 bedroom, 1 bath --(title only has it listed as a 2 bed, but the house has 3 bedrooms, and 2 living rooms)

Click on address to see location

8038 Safebuy St
Houston, TX 77028

Built in 1940, 955 Sq. Feet

Estimated Monthly Rent = $700+

Click here to see over 50 pictures:


For additional informacion CALL NOW 281-215-3373 - Sarah Perez or just send me a private message


*NOTE: Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing


**Want the cash flow but scared to handle this project by yourself, Call or Text Pat Risinger 713-962-5731with Residential Rehab Consulting. He will take good care of you! (25+ years of experience doing rehabs in the Houston Area)

@Arktavious Sally

Thanks for the feedback.

Just to clarify I am not trying to tie the deal. the wholesaler approach me to buy the property but I am not interested, so he gave permision (verbal) to market his house.

I know that I can sell it to several other investors that are looking in that area for a small fee, or just tell the wholesaler to give me a birdgod fee.

Just want to know what others are doing in this situation of just doing persue the deal

@Mancill S. thanks for the feedback

I have heard that I need to get a non-exclusive agreement from the wholesaler at a price, maket the property at a higher price.and then I get a contract from Buyer

But just want to know what other have done in the past or not

Good morning BP.

I recently got aproach from a wholesaler to buy a property from an area that I am not interested in doing a rehab, but the price seems fair and I may have some buyers that may be interested in purchasing it.

How do I market the property or what paperwork I need, from the wholesaler to get a fee if I sell it?

This is a project in Humble Texas, a suburb outside Houston

Like always thanks for all your feedback, sharing your experience and knowledge

The property is a few houses down from the ocean, so probably the rentals are a bit high for an older property.

But this will give me a good idea of where the sale price needs to be

@Lyall Storandt

Hope you are doing well. I will send you a PM

@Dawn Anastasi The seller remodeled the interior of the house, put new floors, new paint, new sink, new window units A/C. All remodeled has been done within the last 18 months, So we estimated that a new coat of paint and minor cosmetic repairs for a rental ready unit.

Seller got a job transfer and is taking a lost to sell the house quick

The house is 1159 sqft.

@Sharon Tzib Sharon that is a great question. There are comps for houses built in the 70s' around $70-$80 a sqft, but nothing sold recently for homes in the 1940's, so we estimated a $60 sqft.

The 3/2, and 2/2 rentals in the neighborhood are between $1000 to $1300, and the 2/1 are $850.

Thanks for the feedback and comments