All Forum Posts by: John Mazzolini

BPO: 755,000
COST:525,000
REHAB ESTIMATE: 91,000

Amazing flip opportunity if high desirable Prestonwood Subdivision! Plano ISD. House is in amazing shape. Roof newer. A/c's newer. No signs of foundation. Interior doors solid wood and great shape. Cosmetic update for rest of the house. Pool and equipment in great shape, just needs resurface. Strong comps to prove NPO. Updated comps days on market between 7 and 52 days. Price per sqft ranging from $191 to $209. I have priced ours at $205.49/ft. Great profits in a solid neighborhood!

*I can list it for you on the backside for 1% (That includes professional photos, open house and MLS listing)

BPO: 235,000

Cost: 167,000 (includes all standard closing costs)
Rehab: 30,000 (for flip. I can see getting it done for $25k, but I wanted to make sure it was all covered.)

Easy Flip or Rental! Great location close to restaurants, shops, schools, and highway 35. House is in overall good condition. Roof and a/c are in great shape. Possibly a little foundation. Seems very minor if any. Needs windows and basic cosmetics for a flip. I budgeted for all new flooring but the house is covered in tile that is in good shape. Keep for a rental for sure. House has a converted garage into a 5th bedroom. It was done really well. You just need to tie in the a/c by running duct work. 2 comps in the packet are converted garage. Par for the course for this neighborhood. This house should bring in $1900+/month Section 8 based on 5 bedrooms. To rent it out, I would not put more than 5k to 10k to get that rent.

Call me 214-218-6156

BPO - $145,000

Monthly Rental - $1,200 p/mo
Rehab Est. - $47,670.50
Purchase Price - $76,500


Great opportunity in a an up and coming area of interior Dallas. All brick properties on this quiet interior street. This property needs full renovation and the budget is provided to do just that. With either Buy Fix Sell or Buy Fix Hold full renovation will be required but that will set you apart with an excellent resale product or a ready to hold long term property in an appreciating neighborhood. Full renovation breakdown included in package along with foundation bid. Follow up for additional information and to set up your showing today. 

3/2/2 hoarder house in Hurst. Other than being filthy, this house is in great shape mechanically and structurally. It does not appear to have any foundation damage but there is some of the budget allocated to it if need be. I have covered pretty much everything on the house in the budget, have plenty for trash out and a healthy miscellaneous budget as well. 

BPO - 222,500
PRICE - 145,000
REHAB - 40,000

Call me asap on this one! 214-218-6156

Off market rental or quick flip in Highlands subdivision of Cedar Hill. This is a 3/2/2 brick home and is very close to Joe Pool Lake. All of our comps sold either at or above list price. Very low days on market area with homes selling in 15 days on average. Sold price per square foot is $122-124. Our comp on 450 Ranier does not have a garage and sold in 5 days. Home is very well maintained and will just need paint, flooring, kitchen updates, bathroom updates, and some foundation (All exterior piers, bid available upon request). Rents show you can get $1475 a month. Rental rehab would be less.

NPO: $190,000
Price: $140,000 (All in price, includes closing costs)
Rehab: $22,198

Sq Footage: 1512
Bedroom: 3

Bathroom: 2

BPO: 275,000

All-In Purchase: 195,000 (includes closing costs)
Rehab Estimate: 40,000

3/2/2 on corner lot. Great location. Easy access to George Bush Turnpike. House needs all cosmetics including windows. I have budgeted $4k for foundation (getting bid). Although I think the roof doesn't look bad, I have budgeted to replace just in case. A/C looks and feels good. I have priced us at $145/sqft. Comps range from $142-$157/sqft. I think there is possibility to get over $275k if rehab is really nice but I wanted to make sure it was attainable. Days on market are 2, 4, 12, and 44. The one that was 44 days on market had no garage. The other comps have 2 car garage like us.

Hamilton Park under $100k!! Very solid rental opportunity. House has good bones and currently sits as a 3/1/1 908 sq ft. If you convert the garage to capture living space the new sq footage would be 1,179. We have a foundation bid (nothing major). Budgeted to add a new hvac system as the house only had central heat, from there it is flooring, paint, kitchen, and bath. Very hard to find anything under $100k in this neighborhood.

Rental Rates: $1,400
Rehab: $33,000
Purchase: $98,700 (this includes all your standard closing costs)

Call me if interested!

Off Market Property in Fair Park. This house is a cash cow with rents averaging 1200/mo! The house is a 3/1/0 and is about 1300sqft. (The house is 26' x 50' I have measured and verified) Our BPO is set at a conservative $78.84/sqft, while updated homes in the area are selling for $83.33/sqft-$108.62/sqft. Our Rehab consists of foundation, roof, and a cosmetic overhaul inside. Over all this should cash flow like crazy and the area is experiencing some exciting changes. Get in on the ground floor.

BPO: $102,500

Great flip opportunity in Cedar Hill. You will be converting the garage back to a normal 2 car, adding an HVAC system then updating the interior. Some of the comps are well maintained, others have slight updates to the kitchen and baths. Multiple comps still have popcorn ceilings and carpet throughout. Don't have to do anything too fancy here. A lot of the neighborhood sells FHA so the value is definitely there.

BPO: $158,000
Rehab: $42,000

Purchase: $90,000 ( All-in, includes closing costs)

Call me if interested!  214-218-6156

Off market flip deal in Oak Park Estates subdivision of Dallas! Walking distance to Kiest Park and the bus stop. Home will need paint, flooring, kitchen updates, windows, fence, bathroom updates, and more. One comp on Watervaliet has no garage, sides to Kiest, and sold in 11 days over list price! Great area with many remodel projects going on.

BPO: $342,500
Price: $222,952 (All in price, includes closing costs)
Rehab: $56,548