All Forum Posts by: John Mazzolini

This thread is 2yrs old, but showed up on my dashboard so figured I would chime in. 

A price point of $150k - $160k can still get you into Denton (UNT). You could also consider Arlington (UT Arlington) and Irving (Northlake College). Arlington is appreciating at a rapid pace with lots of development like Texas Live and new Rangers stadium. Slightly harder than Denton to find your price point there though. Denton and outskirts is probably your best bet if you want to stay close to a college/university.

Plano is always going to be a great investment, but I wholesale 30-40 properties a month and very rarely come across a Plano property in the $150k-$180k range. I do have a great high end flip in West Plano if anyone is interested. It's posted on my page/marketplace. Larger investment, larger risk, larger return. I come across everything from $10k vacant lots to $1M flips. I could be a good source for you guys so feel free to reach out.

Happy investing!

NPO (NetWorth Price Opinion): 679,000
All-In Purchase: 449,900 (this price includes standard closing costs)
Rehab: 115,000

Off-Market! Amazing flip in Willow Bend Lakes! Beautiful neighborhood. Right next to Glen Eagles Country Club. All custom built homes. Great curb appeal. Backs up to greenbelt. Structurally this house is sound. No signs of foundation. Roof replaced in 2016. The house has not been updated cosmetically since it was built in 1983. Needs full cosmetic overhaul including windows. Feeds into Centennial Elementary which is 10 out of 10 on Zillow. Feeds into Renner Middle School which is 8 out of 10 on Zillow. Fantastic location. Great timing for flip because by the time you are done with it, you will be rolling into Spring time for selling season. Homeowners paying top dollar in this neighborhood for houses that are not updated. You are buying this for $69,000 under tax assessed value. Don't miss out on the this amazing flip opportunity!

Pictures
https://photos.app.goo.gl/FAguwCPn4margtoLA

ACCESS: CALL ME 214-218-6156
DOWN PAYMENT: 10K
CLOSE DATE: END OF SEPTEMBER OR SOONER

Fully occupied duplex, One side is at 800 and the other is at 900, both mth-mth. One side is a 3-2 & the other side is a 2-2. 2 bedroom will rent for 950 a mth and the 3 bedroom should rent for 1000-1050. Each side has a 1 car carport but has 3 walls covered so you could add a wall if you wanted to. Will need a new roof and some cosmetic updating on both sides. Both tenants are really wanting to stay so I would offer them a increase in rent or move.

NPO: 199,000

Rehab: 15,000 (roof and cosmetics)

Cost:$ 165,000 ALL-IN (includes all standard closing costs)

Bedrooms: 5
Bathrooms: 4
Garage: 2

Sq/Ft: 2240

Rents: current 1,700 and market is 1900-2000.

Two townhomes for $120k total!

These are two identical 2/2 1110 sqft townhomes near St. Augustine/Bruton Rd. in SE Dallas. The town houses are in good shape overall, with newer roofs (covered by HOA), fresh paint, newer HVAC, and newer carpet. The tenants do have a few minor gripes, but nothing a handyman couldn't solve in a day! Potential rents are $850/mo, so even with the $130/mo. HOA, these will cash flow nicely!

Price: $120,000 for both! ($58K for 2177, $62K for 2215)
Rehab: Handyman touch ups/tenant turnover--maybe $10K total for both units...max!
NPO: $150,000
Rents: $1470/mo. (current, with one paying $795/mo. until 5/2019, and one paying $675/mo. month-month)

HOA is $130/mo for each townhome

Stellar location between I35 and Harry Hines, walking distance to UT Southwestern and Anheuser-Busch! Great flip or rental opportunity depending on your strategy. Very nice curb appeal with two mature oak trees and a clean, flat lot. This house has been rented out to the same tenant for the past 18 years. Tenant is moving out and this gem will be ready for updating. Nice new builds across the street and one street over. Values have appreciated dramatically the last couple years and there is a lot of commercial development in the area.

NPO:$180,000
Rehab:$28,000
Cost:$124,000 All in

Bedrooms: 2
Bathrooms: 1
Sq/Ft: 847

Pros:
Strong rental comps
Awesome location -near south western UT and the medical district
Low DOM for retail flips

Potential Investor Concerns:
Not many similar retail comps in the area

Give me a call on my cell: 214-218-6156

Great opportunity to get into one of the hottest neighborhoods in Dallas!

4/2/2 or 3/2/2 with home office. Back bedroom was an addition. We will be getting 2 GC bids and a foundation bid tomorrow. Home needs straight forward cosmetic updating throughout. Good thing and huge savings is that the home has hardwoods throughout that only need refinishing. Open up the wall between living areas and also remove wall creating a bar scenario/counter overlooking the living area. Exterior needs some landscaping, fence, and HVAC unit. Inside unit probably needs servicing only. Rehab will need windows and 2 sliders. Home also boasts breakfast nook and separate formal dining room. Great Lake Highlands neighborhood.

@Aaron Hunt , @Steve Vaughan , @Caleb Heimsoth , my buyer loves gold too so no need to get into the risk of rehabbing. It's basically a win-win-win

@Caleb Heimsoth , I buy from individual wholesalers and I have a network of investor buyers. Since you have the White House under contract for 100M, you can assign it to me for 105M and I will sell it to my buyer (Crown Prince of Dubai) for 150M. Hopefully the White House owners don't get mad when they see you making 5M off the deal

@Nick Van Sandt, I agree with @Yannes Chiang, I come across a good amount of $100K SFH in B- neighborhoods in DFW, but they are all distressed and would not qualify for conventional financing; have to go all cash or hard money. To find a 3/2 near or under $100K with conventional financing, you need to search in the far outlying suburbs of the metroplex like Burleson, Seagoville, Anna, may get lucky in outskirts of Denton areas. Prices have increased dramatically here in the past 2-3 years.

Balch Springs and Fruitdale are good areas if you can find something, I have sold to a couple SFH to BRRRR investors there in the last week. SE Fort Worth is a pretty rough area. Since your initial post was 6mo ago, how has your search gone?