All Forum Posts by: John Preston

This is a one acre tract of land in Allen. Completely surrounded by new construction Garden Homes, Town Homes and SFR neighborhood. There is a house on this land, a 3 bedroom 1 bath very basic brick 1,434 sq ft 1970 year built home but the value is in the land and the potential value thru re-development. Land is currently zoned SFR so the land would need to be rezoned but we are surrounded by town homes and garden homes so I would not think this would be an issue but everyone needs to perform their own due diligence.

Price: $259,900

This is a 5/3.5 brick house on an oversized lot with a pool in Linda Heights. Most comps around here are in the 17-1800 sqft. range, but even those are going for $230-240K without a pool or oversized lot! Tax roles give $12,500 value to the pool and $39,200 to the land, and at $88/sqft (vs. $120-133/sqft for the comps), I think this is more than a fair valuation. Plenty of value here, and the rehab budget should cure what ails you for sure! Houses in this and the surrounding subdivisions are getting record prices, and show no signs of slowing down. Contact me for more information. 214-997-0444

Price: $151,000

Rehab: $75,000

ARV: $280,000

Rent: $1600+/mo (Rehab for rent could be closer to $35k)

**CASH OR HARD MONEY ONLY

Great rental/flip opportunity in Birdville ISD. House has been completely demoed and is pretty much all down to the studs. Lay out is a little weird right now and will need some readjusting. Roof is in good condition and the foundation is fine. Contact me for more information. 214-997-0444 CALLS ONLY.

ARV: $192,000

Rehab: $40,500

Purchase: $115,000

This is a one acre tract of land in Allen. Completely surrounded by new construction Garden Homes, Town Homes and SFR neighborhood. There is a house on this land, a 3 bedroom 1 bath very basic brick 1,434 sq ft 1970 year built home but the value is in the land and the potential value thru re-development. Land is currently zoned SFR so the land would need to be rezoned but we are surrounded by town homes and garden homes so I would not think this would be an issue but everyone needs to perform their own due diligence. Contact me if you are interested. 

Price: $259,900

Small flip or really solid cash flow rental! 65 cents to 75 cents on the dollar depending if you rent or flip. If this house was brick, I think it could go for over $100k, but it has been discounted based on it being siding. Property needs water heater along with other rehab. If you were looking to try and flip this for top dollar, I would put around $20k to$25k into. Make the finish outs a little nicer for a flip.

ARV: $99,000

Cost: $50,000

Rehab: $15,000 to $25,000

Ideal renovation opportunity on a large .38 Acre lot in North Dallas with traditional single story Ranch home. Pier and Beam Foundation that does need work. Property needs a good overhaul including a new roof and all of the cosmetic updates. Fully renovated properties in this area have very low DOM because of high demand. Contact me for more information!

ARV - $655,000

Rehab - $140,000

Price - $385,000

Off Market Deal in the Highland Hills subdivision of South Dallas. This home currently sits as 3/1 900sqft but we are allotting money in the rehab to convert the garage into additional living space (286 Sqft) to maximize value, along with replacing some of the big tickets items such as the HVAC and Roof. Similar updated homes are currently selling retail close to $103.00/sqft on average and leasing around $1150 -/+ a month. Contact me for more information! 214-997-0444

ARV - $115,000
Rehab - $30,000
NOW!! - $59,000

This is a 3/1/2 1446 sqft house in a nice little pocket of Mineral Wells. This house isn't in the best shape, but at this price, there should definitely be some room to fix it up and make a few buck--either as a flip or rental. Comps are easily supporting $75/sqft, and that doesn't include the two rehabs which are currently going on on the same street! Rents are a little spotty, but based on the comps, I would say that you could get $900-1000/mo for it. Contact me for more information. 214-997-0444

ARV: $110,000

Price: $25,000

Rehab: $55,000

Rent: $900+/mo

Hey Ben, can you send me your contact number? 

Rare home under 200K in Mckinney. Nice and well maintained brick 2/1.5. Very easily converted to a 3/2 to get full market value after rehab. I suggest converting the carport into the 3rd bed/additional sq ft. There is a large addition on back that is NOT included in tax rolls. It needs foundation repairs or demo it. Many things to do with this. Large lot! New HVAC and Water heater. Hardwood floors in half the home. Contact me for more information. 214-997-0444

Cost: $147,000

Rehab: $37,700

ARV: $225,000