All Forum Posts by: John Pettit

Minutes away from 75 and 121 this one is a steal. This is a rare move in ready flip. all renovations have been done and to some unfortunate circumstances we have this property available.  Distressed hardwood flooring, gourmet kitchen with stainless steel appliances, double oven, granite countertops, travertine back splash and oversized designer tile flooring. Also has updated HVAC and roof. Great floor plane that offers 5 bedrooms, 3 car garage, storm shelter and on a cul de sac!!! Property wont last long

Price: 415,000

Rehab: 0

ARV: 485,000

SOLD!!!!!

SOLD!!!!!!!!!!

SOLD!!!!!!

Off Market Flip or Rental. In the Shrapston Heights Subdivision of Grand Prairie. This house will easily rent for 1300-1400 a month. Resale in this neighborhood is averaging 103 sq ft in 17 days for updated homes. Our rehab will consist of cosmetics and lite foundation work. Overall a solid house!!!

Price: 96,000

Rehab: 18,000

ARV: 143,000

This house needs minor cosmetics and some lite foundation work. Houses in this area are selling between 88-105 sq ft. Our ARV puts us at 86.70 sq ft and the house would easily rent for 1,300-1,400 a month. Overall a great investment in a town that is on the way up!!!

Price: 98,000

Rehab: 19,700

ARV: 140,000

This area features super low days on market with homes selling within the first 7 days around 

$135 sq ft on average. Rental comps in the area are also strong with homes leasing over 1100 a month. Budget for rehab will go towards updates in the kitchen, bathrooms, flooring and servicing the HVAC.

Price: 92,000

Rehab: 10,000

ARV: 127,000

Frame home needs minor cosmetics. HVAC has been updated and home has newer roof. Rest of the home minus wet areas needs hardwood floors refinished. Home has 1 car attached garage and a detached 2 car garage. 

Price: 92,000

Rehab: 15,000

ARV: 135,000

Off Market Duplex in the heart of Grand Prairie. Currently has great tenants and is renting well below current market value. Huge value add by increasing the rents 100-150 a month per side. At 700 a side the cap rate goes up to 13.5%!!!! One side has a new HVAC and the property overall is in great shape.

Price:120,000

Cap Rate: 13.5%

OFFMARKET Claremont sub fix and sell project. This house has great bones, none of the mechanical elements of the house need to be addressed. A strong cosmetic update will make this property shine. The timing of this project could not be better. A quick rehab will put you on the market at the right time!!!!

Price: 220,000

Rehab: 45,000

ARV: 315,000