All Forum Posts by: John Pettit

I have a copy of the leases as well as the inspection report from when this closed on the MLS last year. Has a brand new 30 year roof. All units are separately metered. Owner pays the water.

Cost: 220,000

Rehab: 0 (in good shape for area and has new roof)

Rents:  I estimated a cap rate of 10.8%, that is with me estimated a 10% vacancy rate which is highly unlikely

If interested in this Quadplex or have any other questions please email me as soon as possible

ARV: 520,000
Sell: 375,000
Rehab 61,000

This is a great OFF MARKET property in Lake Highlands that feeds to the Moss Farm Elementary School! Most houses in this subdivision sell within 5 DOM. Fully renovated comps are achieving $219-$227 sqft near or at our size.

A couple AS-IS comps in this area show where some of the houses are selling at in as-is to well maintained condition needing work. There are only 2 recently fully renovated comps in our size and bedroom count. 

If interested in this property or have any questions please email as soon as possible

Sales Price - $197,000
Rehab - $3,000 (make ready if needed)
Rental Rate - $1,650

Great opportunity to Buy and Hold an updated Lochwood property under $200K. Property was fully renovated in 2015 with new Electric Panel and HVAC along with all cosmetics. Property was Leased on a 2 year for $1,500 per month. Tenants lease ends 6/18 and property will be vacant at closing 6/20. Current market rents show $1,650 p/mo. Great hold opportunity currently with flip potential in the future.

If you are interested in this property or have any questions please email me.

This 2 bedroom, 1 and a half bath home is in great condition. Not much needed for a solid rental at all!! New roof, Central HVAC and flooring recently installed. There is a comp that is a 2/1, smaller than us and is renting for $1,300 a month. You could probably get that much but safe to say you could get $1,100 a month. Wont last long so if you would like pictures or more info please ask.

Price: $92,000

Rehab: $2,000

ARV: $114,995

Sure, what is a good email address to send them to?

Great neighborhood in the Richardson ISD!! The roof was replaced in 2016, HVAC is in great condition and no signs of foundation problems. Currently the house sits as a 3/1.5 but the rehab plan is to make it a 4/2 with the master bed and bath in the back add on the was done. Rehab includes caving in the pool, plumbing, windows and complete cosmetic update.

Price: $165,000

Rehab: $55,000

ARV: $260,000

Please send me your email address and I can send you over a packet and go from there

3/2/2 brick in the Claremont Park subdivision in Dallas!!!!!! Property needs new roof and cosmetics updating throughout. If rehab is done right and on point with the neighborhood you should be able to get $189 sqft. on this property. This property wont last long and if you are interested please reach out to me asap!!

Price: $224,000

Rehab: $35,000

ARV: $310,000

This 3/2/2 brick house has great bones but needs some minor foundation work and rental grade cosmetic updates. Rental comps support $1,200/month. Minor roof needs to be completed where branches have rubbed the shingles off. There was a wall built in front of the garage door that can be removed to make the garage functional again. This would be a quick easy cash flowing rental in a great area.

Price: $105,000

Rehab: $18,850

ARV: $140,000

Property is a brick 3 bedroom 2 full bath property. Garage is converted for additional living space. Property is renovated after previous tenant lease ended so the property is ready for turn key rental use. White slide in gas range stove and microwave will be installed before closing. Property should rent for 1,200 per month and could also be a good owner finance opportunity.

Price: $106,000

Rehab: $0

ARV: $125,000