All Forum Posts by: John Preston

Solid rental or small flip! 3bed/2bath/2 car garage. For rental, you can keep a lot of things in their current shape, such as bathrooms and floors, kitchen cabinets. The $15k is more for a flip budget. You can more than likely get away with a $5-10k rental budget and rent for $1200/month, which would be great cash flow. Contact me for more information. 214-997-0444 
NPO: $125,000 Purchase Price: $90,000 Rehab: $15,000

Custom home built in 2007, It is an awesome property with hand-scraped hardwoods in great condition. The biggest negative about this property is that it was built as a 2 bedroom home; however, there is a perfect place that can be converted into the 3rd bedroom. I also believe a investor should add a bathroom if possible. The rehab budget is going to paint, kitchen and bath re-do, converting living space into a 3rd bedroom. I have given plenty of budget. Contact me for more information. 214-997-0444

Purchase Price: $600,000
Rehab: $90,000
NPO: $860,000 

Great flip opportunity in Oak Park Estates subdivision in Dallas! This home sits as a 4/2/2 with carport close to Bishop Arts and Oak Cliff. Rehab will consist of new paint, kitchen updates, bathroom updates, refinishing original wood floors, and landscaping. Good floor plan with lots of potential. Contact me for more information. 214-997-0444

NPO $327,000
Purchase Price: $223,235
Rehab: $40,050

Arek I just sent you a message. 

This is a VERY well maintained 4/2 1398 sqft brick/stone house in a nice neighborhood in Grand Prairie. Rents here are pretty solid, you should be able to rent it quickly for $1250-1350/mo. The roof, HVAC, plumbing, electrical and water heater have all been replaced or updated within the last couple years--the windows are also newer--it is just paint, flooring, gutters, and minor interior cosmetics which need to be addressed to get this thing rented out. Contact me for more information on this property and others. 214-997-0444

Purchase Price: $99,000
Rehab: $18,000
NPO: $137,000
Rents: $1250-1350/mo.

Flip opportunity in Kingsley Meadows and Richardson ISD. This house already has new windows and a great floorpan. Rehab will consist of all interior cosmetics as well as a new fence in the back yard. This is a great area to flip. Contact me for more information. 214-997-0444

NPO: $370,000

Rehab: $45,000

Purchase Price: $253,000

Home has great bones. Foundation has been fixed but seller never repaired cracks. Will be a great flip or rental in Birdville ISD. Garage has already been converted and you can either make a bedroom or office. Home is a 3/2 not including garage. I believe the best play is to remove one wall to open up the living room. Market rents show 1400+. Our price opinion is priced under the average sold per foot for updated homes. Contact me for more information on this property and others. 214-997-0444

Purchase Price: $91,000
Rehab: $41,500
NPO: $165,000

This is a great TURNKEY condo in northeast Dallas near Lake Highlands! It is a 1/1 514 sqft loft condo which is ready for a new tenant--just maybe a cleaning to be safe, but that's it. It should get at least $800/mo all day, and go quickly! Contact me for more information. 214-997-0444

Purchase Price: $47,000
Rehab: $500
NPO: $55,000
Rents: $800+/mo.
HOA: $148/mo.
Net Cash Flow: ($800 - PITI - HOA)=$370/mo

This is a VERY well maintained 4/2 1398 sqft brick/stone house in a nice neighborhood in Grand Prairie. Rents here are pretty solid, you should be able to rent it quickly for $1250-1350/mo. The roof, HVAC, plumbing, electrical and water heater have all been replaced or updated within the last couple years--the windows are also newer--it is just paint, flooring, gutters, and minor interior cosmetics which need to be addressed to get this thing rented out! Contact me for more information. 214-997-0444

Purchase Price: $99,000
Rehab: $18,000
NPO: $137,000
Rent; $1250-1350/mo.

Off Market NorthWood Hills flip opportunity. There will be some adding and subtracting sqft from this house. Updated house in the area sell for $200/sqft. The garage will need to be unconverted. This will make the sqft of the house go down. There is a covered patio that is under the roof line I would capture to regain some of the lost SQFT from the garage. The mother in law suite's location is a little funky. Fully updating the kitchen, bathrooms, flooring, paint will bring this property back up to the $200+/sqft. Contact me for more information on this property. 214-997-0444

NPO: $715,000

Purchase Price: $460,000

Rehab: $115,000