All Forum Posts by: John Preston

This 3/1/0 in Northridge estates of Mesquite is down to it's bones. Property will make for a nice rental with rents at $1,100/month and sitting right across from a school. Property will need all the majors: roof, foundation, HVAC, water heater, electrical, and new cosmetics.

ARV:$129,000
Rehab:$40,557
Cost:$70,000

Guys, thank you for reaching out to me in regards to the duplexes. They are still available as of today; however, the biggest questions is are either of you looking to purchase using cash or hard money? If yes, send me your contact info. If not, I am unable to help you all with this deal. 

I HAVE A LOT FOR SALE. THIS IS AN OPPORTUNITY TO BUILD NEW. CASH DEAL AT 45K AND BUYER PAYS THE CLOSING COST. LOT SIZE 5,663 SQFT. CALL ME RIGHT NOW. 214-997-0444

Fair park house. Bigger than all the comps. Rental play, house is 5 bedrooms, and 2 baths. I believe you could get $900-1000+ in rents. Budgeted $29,000 in rehab to touch everything. Contact me for more information. 214-997-0444

ARV: $95,000

Purchase: $51,000

Rehab: $29,000

***CASH OR HARD MONEY ONLY***

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

Cost - $63,000

Double wide mobile home on 1 acre, close to lake. House needs cosmetics and new HVAC condenser. Some of the sub flooring in the kitchen may need replacing. Healthy budget to get this thing rent ready or to flip finish out. Rental comps were hard to find, in my opinion you should be able to get $900-1000 in rents.

Purchase: $78,000
Rehab: $19,000
ARV: $128,000

SUPER CHEAP! 2/1 framer in Fort worth. Property needs little bit of everything. Can easily be made into a 3 bedroom and I believe its is bigger than the tax rolls. Not a whole lot of similar updated comps. As-is comps in rougher shape sold for over 40k. I pulled average rents within 1 mile and $900 or more will do it. You can also owner finance this deal to a potential homeowner. Contact me for more information on this deal.

Cost: $38,000

Rehab: $36,000

ARV: $95,000

Turnkey, fully renovated rental! Estimated As-is value is $125,000. This house was completely remodeled. Buy it and immediately rent it out for some good cash flow and solid equity capture with no worries about repairs. If you were to go section 8 in this zip code, you can get $1150/month, but I would ask for $1200 because I think the rentals comps can support it. Contact me for more information on this deal.

AS-IS Value: $125,000

Purchase price: $107,000

Rehab: $0

SUPER CHEAP! 2/1 frame in Fort worth. Property needs little bit of everything. Can easily be made into a 3 bedroom and I believe its is bigger than the tax rolls. Not a whole lot of similar updated comps. As-is comps in rougher shape sold for over 40k. I pulled average rents within 1 mile and $900 or more will do it. You can also owner finance this deal to a potential homeowner. Contact me for more information. 214-997-0444

Cost: 38,000

Rehab: 36,000

ARV: 95,000

Nice little rental or cheap flip. House is currently tenanted at $805/mo. (tenant 3+ years), so you can keep it as a rental, get a tenant who will pay $1200/month which is market rents, or flip it for a $10K+ net profit. Either way, this is an easy deal! Contact me for more information. 214-997-0444.

ARV: $122,000

Price: $79,000

Rehab: Minimal as-is, $15K for rental rehab, $20K for flip rehab

Rent: $805 (currently) $1200 (market)