All Forum Posts by: John Mazzolini

OVER ONE ACRE LOT AND BACKS UP TO PRIVATE POND!!!!!!!

Great flip/Rental opportunity in Glenn Heights. House has great bones. I believe you could rent it out as-is, there was only one rental comp in the adjacent neighborhood for $3,000/Month, I believe you could get $2,300+. Didn't really notice any foundation issues, but will have a bid shortly. None of the comps are really updated at all, most are original with some minor bath/kitchen updates that appear to be done by the home owner. I based our NPO conservatively at $122/sq ft and believe you could achieve higher based on the finish out. You do not need to go overboard with this one. Very desirable lot on over an acre that backs up to a large pond. Call me 214-305-8191

NPO: $280,000+
Rehab: $32,200
Purchase: $196,000 (All-in)

Off market and extremely easy flip or almost turnkey rental in Rowlett. Home is a 3/2/2 and has a been a rental for years. Very well maintained. Can be a quick flip with just minor touchups needed.

Whats new: Roof, Water heater, and carpet.

See a breakdown in packet for a rental rehab and flip rehab
You are doing quick and easy updates and majors are in good shape.

Cost: 186,000
Rehab: 10,500 flip or 5,250 for rental
NPO: 235,000 (140 a foot, average in area is 142)
Rents: 1,700

Call ME!!! 214-305-8191

Totally vacant lot ready for a new build! Walking distance to fair park.

Great Opportunity to purchase an over-sized (9,069 sq ft) 74 x 137 lot in Fair Park. This area has so much potential now and in the future. There are 2 lots that have sold on our street recently for $20K and $24K. Both of those lots were 51 x 137 (6,987 sq ft) so 23 feet less on the lot frontage and 2,622 sq ft smaller on the total lot size.  Lot is completely cleared, well kept and has nice trees. Contact your Networth Agent for additional information.

I agree it is one tool of many. I post 30-40 distressed properties a month on there for buyers looking to fix/flip or build a rental portfolio. I prefer building relationships on BiggerPockets and other investor minded platforms though. We buy and sell from individuals, other wholesalers, Realtors, anyone if we can get the numbers to work.

Let me know if any of you would like access to my properties (no fees or dues) or if you have a distressed property to sell. Have a good 4th everyone!

NPO: 289,000
Cost: 195,000 all in pricing
Rehab: 40,000-45,000

Solid Casa View Heights Flip!!! Our investors have had great success in the area of Dallas. This house is already partially rehabbed with beautiful refinished hardwoods and almost completed master bath. $40 to $45k will go a long way to make this property amazing. I would blow out the kitchen and secondary bath, put new windows in the house, paint the brick outside to dress up curb appeal, new light fixtures and misc. Most houses have chainlink fence but I budgeted for a 6ft, wooden fence. There is a room/office right when you walk in, which can be your 4th bedroom. With most comps being 3 bedroom, this is a nice selling point. The sold comps range from $157 to $197/ft. I have conservatively priced ours at $152/ft, so there is definite possibility to get more than the desired ARV

Land value is through the roof in this area. Original one story bungalows are being rehabbed with style and high end new construction is also present. 

Original house is pier and beam with a well done slab addition containing a large utility room, master suite and large 2 car garage. Kitchen needs to be opened up. Kitchen and baths need a nicer finish out.

Values have appreciated dramatically in this area and continue to rise. Let me know if you have any interest!

Very nice finish out. It's the small details of each space that add up to an overall vision, which y'all knocked out of the park. Good work

Mostly owner occupied Mesquite neighborhood is where this 3/1/Enclosed 1 car garage deal is located. Enclosure could be 4th bedroom. The enclosure was done very well. Home has good curb appeal as it has been painted on the exterior. It does however need work through out interior. Another nice feature is the large lot the home sits on. Nice back yard. Not a ton of rent comps as the neighborhood appears to be mostly owner occupied. I have included 3 rental comps along with the sold comps in the property info packet. Home would make a great buy and hold as a rental or a owner finance deal.

NPO: $140K
Rehab: $25K (Flip)
Purchase Price: $95K (all-in)
Rental Rate: $1200 (section 8 will bring more)

Call me 214-218-6156

Solid Oak Cliff deal in Dallas. Let me know if you think you can make these numbers work.

NPO: $290K
Rehab: $75K
Price: $169,474.86 (all-in)
Down Payment: $5K

Home needs full rehab. As with all our properties, we have a detailed breakdown of rehab costs.