All Forum Posts by: John Preston

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. Property needs appliances and they will be put there by the owner upon closing. 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 214-997-0444

ARV: $125,000

Purchase price: $107,000

Rehab: $0

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. Appliances will be put there by the owner upon closing. Our best sold comp is a few doors down that sold is 21 days for $103.85/foot. I am not suggesting you flip this property. Just showing the value. 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. 214-997-0444

AS-IS Value: 125k

Purchase price: 107k

Rehab: $0

Awesome 4/2/2 in a gentrifying area of Dallas. The house sits on a corner lot on the end of a Cul-de-sac and backs up to that same one. This house has great curb appeal. There is a hefty budget to take care of everything. 2017 Roof, new water heater, new furnace, and solid foundation. The rehab consists of completely cosmetically updating the house inside and out with new flooring, kitchen, and baths. Contact me for more information. 214-997-0444

ARV: $320,000
Rehab Estimate: $45,000
Purchase Price: $212,000

Already updated 3/2/2 rental in Arlington. Higher percentage deal but it rents great at $1550-1600. See pictures, will need finishing touches to get rent ready. The sold comps were not updated. Contact me for more information. 214-997-0444 

Purchase Price: $136,000

Rehab: $8,000

ARV: $170,000

This can be a solid rental or small flip. House is very clean and practically rent ready. Rental rates from $1,175-1,250. For a flip the comps were scarce, two were mostly original with minor updates and sold in the mid $130's range, one was completely updated and sold for $155,000 which is achievable with a nice finish out. Also that property is 100+ sqft smaller than our subject property. Original hardwood floors throughout can be sanded and stained for a newer condition. Minor foundation issues, and we will have bid soon. Roof is questionable, and we budgeted for a new one. There is Central heat , but no central air which has been budgeted to add as well. You can easily make this property into a full 3/2. Contact me for more information. 214-997-0444

Purchase Price: $97,000

Rehab: $23,500 for a flip / $10,000 or less for a rental

ARV: $130,000-$155,000

This house sits on large corner lot in the Disney Streets. Beautiful lot. Great area. House is in great shape, just needs cosmetic updates: open kitchen up, update bathrooms update flooring, paint, light fixtures etc. No signs of foundation. Low days on market for resale on updated comps. Great project to get your 2018 started. Contact me for more information. 214-997-0444

ARV: $629,000

Purchase Price: $435,000

Rehab: $90,000

Great rental opportunity in Rowlett. Solid bones just needs some sprucing up to get it rent ready. I walked the property and from all that was seen, rehab would include paint, touch ups to the bathrooms, replace the water heater, replace one window that has a crack, and you should be able to get $1,750+ in rent. Contact me for more information. 214-997-0444

Purchase: $165,000
Rehab: $10,000 (rent ready repairs)
Rent rates: $1,750

Very nice brick 3/2/2 flip or rental near Love Field in Walnut Gardens Subdivision. The home has already been updated by the current homeowner. It will need some foundation and basic cosmetic updates such as paint, flooring, and misc. This is a nice house that could sell for high 300s as-is on MLS or once fully updated it could sell in the 400's. Contact me for more information. 214-997-0444

ARV: $415,000

Cost: $318,000

Rehab: $26,000

Great rental opportunity in Rowlett. Solid bones just needs some sprucing up to get it rent ready. Flooring(might not need to do. Buyers choice), paint, touch ups to the bathrooms, and when it's all done you should be able to get $1,750+ in rent. Contact me for more information. 214-997-0444

Purchase: $165,000
Rehab: $10,000 (rent ready repairs)
Rent rates: $1,750+

Off Market flip opportunity in the heart of Junius Heights close to Lakewood. This is part of the historic preservation district with great tax incentive program for rehabilitating historic structures (paperwork and literature available upon request). Home has been well kept and maintained. Rehab depends on which option you go for; remodel the property as is or build a 700sqft addition (Master Suite) to make this a 2000 sqft, 4 beds, 2 baths. Remodeled homes are selling fast in this highly desirable area. Very low DOM.

ARV: $355,000/$490,000

Rehab: $43,065/$149,351

Purchase Price: $243,000