All Forum Posts by: John Preston

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. Original hardwood floors throughout can be sanded and stained for a newer look. You can easily make this property into a full 3/2. Contact me for more information. 214-997-0444

Purchase Price: $102,000

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

ARV: $155,000+\-

Disney Streets flip! This house sits on large corner lot in a great area. House is in great shape; however, it just needs cosmetic updates throughout: open kitchen up, update bathrooms, update flooring, interior paint, light fixtures etc. Estimated rehab budget There are no signs of foundation issues. 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
Cost: $450,000
Rehab: $65,000

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. Serious buyers contact me for more information. 214-997-0444

Purchase Price: $102,000

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

NPO: $155,000

Off Market buy/fix/sell 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 will include new paint, updating bathroom, updating kitchen, refinishing & installing wood floors, foundation work (getting bid), landscaping, opening up wall, and more. Remodeled homes are selling fast in this highly desirable area. Very low DOM. Contact me for more information. 

ARV: $355,000
Price: $243,000
Rehab: $43,065.50

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.

ARV: $629,000

Purchase Price: $459,000

RehabL $65,000

This is a 3/2/2 Golf Course property that backs to 13th hole of the Walnut Creek Country Club. The roof is new, and the remaining rehab is straightforward with cosmetic updating throughout. Contact me for more information. 214-997-0444

Purchase Price: $273,000

Rehab: $75,000

ARV: $435,000

Quadplex in Fort Worth. This has the opportunity to have some great cash flow. Not many comps around the area, but there is a very similar quadplex that is renting out for $650/unit and the finish out is nothing fancy. Also another multi-family unit in the area is renting for $750/unit. Subject property needs some foundation work, and some cosmetic work to get it rent ready. This is a great property to start the new year off with!

FYI: This property is a 9 bed/4 bath. One Unit is a 3/1, and the others are 2/1.

Purchase Price: $230,000

Rehab: $31,5000

Great Opportunity to Flip in Highly Desirable Merriman Manor Subdivision with great outdoor amenities and nearby White Rock Lake. This property is a bit larger that the surrounding homes. Since garage is converted taking that back to a 2 car garage looks to be more common to the neighborhood. Some foundation work is needed along with the rehab, and we budgeted $5,000; however, we do have a bid for $3,780 for complete foundation repair. Contact me for more information. 214-997-0444

Purchase Price - $365,000

Rehab - $70,000

ARV - $525,000

This is a 3/2 1124sqft framer on a decent sized lot near 820/287 in FW. For a rental, it doesn't need much work. The rehab includes replacing the roof, interior paint, replacing fixtures in the kitchen and baths, new appliances, and a new chain link fence. Contact me for more information. 214-997-0444 

***CASH OR HARD MONEY ONLY***

Purchase Price: $71,500
Rehab: $9,700
ARV: $101,000
Rents: $1000/mo.

FLIP OPPORTUNITY IN BENT TREE SUBDIVISION. THIS IS ONE OF DALLAS' MOST PRESTIGIOUS GOLF COURSE COMMUNITIES. PURCHASE PRICE UNDER MILLION DOLLARS. APPRAISED AT 1.45 MILLION. REHAB BID AVAILABLE FOR YOU TO HAVE AN IDEA OF WHAT NEEDS TO BE UPDATED. CONTACT ME FOR MORE INFORMATION. SERIOUS BUYERS ONLY. DO NOT WASTE MY TIME! 214-997-0444 JOHN

ARV: 1.45 million (APPRAISAL TO PROVE VALUE)

Purchase: $800,000

Rehab $250,000-300,000 (ALREADY HAVE BID)