All Forum Posts by: Jeff Shane

NEW WHOLESALE PROPERTY!

Great lipstick flip! TONS of possibilities with this one! Originally listed as is for $392,000 – now yours at only $345,000!  Less than $20,000 in rehab needed to maximize your profit. Three bedroom two bath one story traditional style home located in the highly regarded Willow Meadows subdivision less than 10 minutes from the Galleria Mall. This home welcomes those creative thinkers to upgrade and make this their own masterpiece for living. This home is conveniently located near the Medical Center, Reliant Entertainment Park, great local schools, and major shopping. Neighborhood parks and recreation, easy access to local freeway Loop 610! Home sales (4) all within a 4 block radius sold in less than a matter of weeks on the market, one sold in 3 days!  For more pictures, comparables and more information ------>CLICK HERE.  Two comparable homes just sold over the weekend for $472,000 after only 3 days on the market, and another at $442,000 in under 3 weeks.  Don't miss this one!  This one will not last!  Current rents in the area are $3,200 - $3500!

Contact us at 832-953-5254 or via email at [email protected].

The taxes were $2775 in 2015.

Easy fix and flip with a TON of equity.  Nice 4Bd/4Ba home with a separate 2/1 apartment unit. Home recently assessed by the county at $367,770 - for sale now for only $265,800! Home is just 45 minutes Northwest of Houston, Texas setting on 1.62 Acres.  Cash or hard money only. This one will not last long!

4 Bedrooms
4 Full Bathrooms
3846 Sqft
Lot -1.62 Acres
Game room upstairs
Oversized Garage and Carport enough for 6 vehicles
Separate 2 Bedroom/1 Bath apartment over garage with a separate entrance
Both main home kitchen and apartment unity kitchens are in great shape
Rental Estimated over $2800
Recent comparables sales in $350K - $400K range.

 
Visit www.investorwholesalehomes.com for more pictures, comparables, confirmed tax assessment and offer submissions! Contact us today at 832-953-5254 or via email at [email protected]. 

Mike,

Do not get discouraged...keep bidding. I recently got one at 78% and sold it in 48 hours. You have to make sure your net to HUD is at the correct percentage. You can test the waters at 81% net to HUD. Once you start getting counter offers, then decide on if you want to proceed..but don't stop bidding. I like the higher priced homes as the spread is easier to make $8000 or more on your wholesale resell, if that's your strategy. You have to constantly monitor the area of interest and the properties daily. I submit at least 10 bids a week. You are testing the waters of HUD'S acceptance %. The lower priced homes are a little more difficult, and yield a lower spread. You have to remember, the initial listed HUD will go at 88% net to HUD generally. Here in CA, it may be 90% net, but at a $400K price range $5000 is a still a good profit if you resell it at $365,000, especially for no work on the home. However it can be done. Hang in there.

Start your 2016 of with TONS of instant equity!  Easy fix and flip or keep for the rental portfolio. Nice 4Bd/4Ba home with a separate 2/1 apartment unit. Home is valued at $382,300 and county tax assessed value at $367,770! For sale now for only $265,800! Home is just 45 minutes Northwest of Houston, Texas setting on 1.6 Acres. Cash or hard money only. This one will not last long!

4 Bedrooms
4 Full Bathrooms
3846 Sqft
Lot -1.62 Acres
Game room upstairs
Oversized Garage and Carport enough for 6 vehicles
Separate 2 Bedroom/1 Bath apartment over garage with a separate entrance
Both main home kitchen and apartment unity kitchens are in great shape
Rental Estimated over $2800

Visit www.investorwholesalehomes.com for more pictures, confirmed tax assessment and offer submissions!  Contact us today at 832-953-5254.

Richard, 

No problem..at first I didn't understand what you may have been implying. However, now I understand what your asking. Ok, I did not sell my contract, I actually bought and closed on this property. I sold it off and closed again within a week of purchase. I flip a lot of homes and the HUD properties I have flipped I have seen situations where it took nearly two weeks for the agent to update the MLS listing. Information sometimes may not have been reported timely from the HUD office to the selling broker's office in order to reflect accurately. I hope that answers your question.

Jeff 

Richard,

I'm sorry, but you're partially incorrect. It was a HUD home before I purchased it. However, I have since sold it. You may want to check your HUD listing information again before you post.

Thanks, 

Jeff 

Screaming Wholesale Deal - Now with $60,000 Instant Equity - $500 Monthly Cashflow!

Sacre Couer
San Antonio, TX
Purchase Price: $297,000
3118 Sqft
4 Bed
3 Bath
Built 1991

- 4 BED, 2 BATH - 3118 Sqft - 2 CAR GARAGE - HARDWOOD FLOORS

Great all brick two level home with in a gated community! Priced to sell! All bedrooms up, large open kitchen to nicely tiled living area. Great floor plan, in an awesome location with jogging trails and high scoring schools. More pictures at www.investorwholesalehomes.com.  Contact us at 832-953-5254.

Realtor's add whatever fee you like.

SMOKING DEAL! Property Now Reduced to $299,000! Call us today at 832-953-5254.

I guess some of our added comparables were removed from the posting...it may have been too long.  Please visit our website. www.investorwholesalehomes.com to see all comparables and additional pictures for this property.  

Jeff