All Forum Posts by: Lacey Simpson

Lovely Off Market in the Crest View Subdivision of East Dallas. The Best comp is the house across the street that is under Contract for 435,000. It is very similar in all respects. They started off in in the upper to mid $400,000 range and once lowered to its current price went under contact quickly. This rehab is on the more difficult side. A 1/2 bath needs to be added to allow the master to be solely utilized. Then as the investor you have some options on how to finish off the property.

Please call for more info!

Lacey Simpson

Sales Agent │ 670440

214-557-4845

NetWorth Realty of Dallas, a licensed Texas real estate brokerage

Addison, TX

Corner lot in a nice neighborhood. Current month-to-month good tenant paying $1000/month and wants to stay and said he is willing to come up to market rent of $1200-1300/month. If you keep him, you will need only to fix a few miscellaneous things, which will be a couple thousand dollars. The $20k budget is for a flip if you decide to do that. Low days on the market for resale If you were to get new tenants, you could get away with $15k and rent for $1250-1300/month. I have a foundation bid of 21 exterior piers and 5 interior piers totaling $4,680.

Please call me for more info.

Lacey Simpson

Sales Agent │ 670440

214-557-4845

NetWorth Realty of Dallas, a licensed Texas real estate brokerage

Addison, TX

Amazing investment opportunity with enormous profit; this house has a million dollar potential. Itâ€TMs located in highly sought after Versailles Parkway. The property boasts an opulent mature courtyard, and a high-end security system. The house has not undergone any updating since its initial construction. It needs a complete update, in addition to removing a few constricting walls to open up the living and kitchen areas. DOM for updated houses are very low in this neighborhood.

Call me for more info!

Great Flip opportunity in Dallas with Richardson ISD. The property is in overall good condition that needs some foundation work, updating the electrical panel and cosmetic updates throughout. Most of the comps are not fully updated and the only one that was fully update backs up to Belt Line and sold for the highest price per square foot in 13 days. I think there is a potential to get more than our project ARV once fully renovated since the property sits on a nice interior corner lot. Rehab breakdown include and have also received a verbal on the foundation for $5,100.00

Call me for more info.

214-557-4845

Networth Realty of DFW

Addison, TX

Excellent flip in Buckner Terrace! 3 bed 2.5 bath 2 car garage. Already has updated electrical, new windows and new water heater. The $40k rehab is going to strictly cosmetics giving you over $20/sqft for the rehab. All comps are very close proximity to our house. A lot of rehabs going on in
this neighborhood over the past 2 years and continues to appreciate.

This home is already in great shape but the finish out is not desirable. Pool, HVAC, and Electric in great shape. Absolutely no foundation, already checked by GC. This is purely a cosmetic redo with most if not all really coming down to investors choice of finish out. Great area (Alexander's Village Sub) attends Merriman Park Elem (RISD).

ARV: $600,000

Rehab Estimate: $30,000

Please call me for more information! We have a number of higher-end deals in this price range in other areas of DFW.

Based on the comps, the flooring would be carpet,tile, and/or laminate. The kitchens have granite and some have stainless steel appliances. Baths are updated as well, we put in a budget of $2500 to get that done. 

GREAT OFF MARKET GARLAND FLIP !!! This home is located in the Country Club Meadows subdivision- homes in this area are selling within the first 30 days of being on the market with many in just a "well maintained" condition. The budget for rehab will go towards updates in the kitchen, baths, flooring,along with replacing the Hvac and some foundation work.

Rehab: $26,800

ARV: $233,000

I agree that they are expensive given the current market; however, this area is fantastic for buy and hold properties. Keeping the properties as is and possibly renovating them one at a time would allow for significant appreciation over time. 

Great rental opportunity in Timber Bend subdivision of Allen! This house has a new roof & a new Trane HVAC system. The rehab budget is for a make ready renovation. Rental comps show an average rent rate of $1,775/month & 20 days on market. Statistics from NTREIS Trends show
an appreciation of 17.3% from 2013-2016 for resale single family homes that are between 1,000-1,999 SqFt & have 3 bedrooms! 

Rehab Estimate: $10,000