All Forum Posts by: Leo Lanza

2009 build in Saginaw ISD. Quick flip or rental with minimal rehab. All majors are good. Occupied so we will be doing a group showing.

NPO: $249,000
Rehab: $14,000
Price: $190,000
Rent: $1,850
4Bd 2.1Ba 2820sqft

Call Leo 817-507-9497

Address: Malvey Ave, Fort Worth, Texas 76116

NPO: $399,000

REHAB: $30,000

Cost: $310,000

Down payment: $5,000

Call Leo 817-783-4014

Description: This is a charming 4/2 2163 sqft house in the Ridglea North subdivision, where houses are going quickly, for over $200/sqft! It's a hot area--especially for remodeled houses, the problem is, that the investor who fixed this one up, didn't quite give it the necessary finish out that it needs to sell for top dollar. Rehab will go towards replacing some of the floorings, refacing the kitchen, and some finish work throughout. Once completed, this should sell quickly!

Address: E Stark Rd, Seagoville, Texas 75159

NPO: $155,000

REHAB: $23,500 for a flip. $10,000 or less for a rental. House is clean.

Cost: $102,000

Down payment: $5,000

Call Leo 817-783-4014

Description: 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 I believe is achievable with a nice finish out) Also this property is 100+ sq ft smaller than us. Original hardwood floors throughout can be sanded and stained to like new condition. Minor foundation issues (will have bid shortly). The roof is questionable (budgeted for a new one). There is Central heat, but no central air (budgeted to add as well). Can easily make it into a full 3/2.

Address: BobWhiteDr, Rowlett, Texas 75088

NPO: $198,000

REHAB: $10,000 (rent ready repairs)

Cost: $165,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Great rental opportunity in Rowlette. Solid bones just need some sprucing up to get it rent ready. Flooring(might not need to do. Buyers choice), paint, Touch-ups to the bathrooms and you should be able to get $1,750+ in rent.

Address: E Stark Rd, Seagoville, Texas 75159

NPO: $155,000

REHAB: $10,000 for rental, $23,500 for flip

Cost: $102,000

Down payment: $5,000

Call Leo 817-783-4014

Description: 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 I believe is achievable with a nice finish out) Also this property is 100+ sq ft smaller than us. Original hardwood floors throughout can be sanded and stained to like new condition. Minor foundation issues (will have bid shortly). Roof is questionable (budgeted for a new one). There is Central heat , but no central air (budgeted to add as well). Can easily make it into a full 3/2.

Address: Malvey Ave, Fort Worth, Texas 76116

NPO: $399,000

REHAB: $30,000

Cost: $310,000

Down payment: $5,000

Call Leo 817-783-4014

Description: This is a charming 4/2 2163 sqft house in the Ridglea North subdivision, where houses are going quickly, for over $200/sqft! It's a hot area--especially for remodeled houses, the problem is, that the investor who fixed this one up, didn't quite give it the necessary finish out that it needs to sell for top dollar. Rehab will go towards replacing some of the flooring, refacing the kitchen, and some finish work throughout. Once completed, this should sell quickly!

Address: Ravenswood Dr N, Bedford, Texas 76022

NPO: $220,000

REHAB: $42,000

Cost: $138,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Nice property in Bedford! This property will make a great flip. House has good bones but needs some TLC with cosmetics and a new HVAC. Low DOM for mid cities area!

Address: Shady Lake, Bedford, Texas 76021

NPO: $350,000

REHAB: $50,000

Cost: $237,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Solid flip in Bedford near L.D. Bell High Shcool. This property is in need of cosmetic updating throughout and foundation repair. This is a solid flip to start off the new year.

Address: Worth St, Dallas, Texas 75214

NPO: $355,000

REHAB: $43,065.50

Cost: $243,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Off Market buys/fix/sell opportunity in the heart of Junius Heights! 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, update the bathroom, update kitchen, refinish & install wood floors, foundation work (getting bid), landscaping, open up a wall, and more. You could sell it at the current square footage at $350k-$360k with around $45k in work. The comp on 5300 Worth, which is smaller than us and has one less bathroom, sold for $357,601. Another option would be to add on approx 700sqft and build a master suite to make this a 2000sqft, 4bed/2bath. Comps show you could get $490k-$500k. Even at this price point homes are still selling under 30 days. Remodeled homes are selling fast in this highly desirable area! Close to Lakewood, Greenville, White Rock Lake, and more.

Address: Candlelight Ln, Dallas, Texas 75229

NPO: $629,000

REHAB: $65,000

Cost: $459,000

Down payment: $7,000

Call Leo 817-783-4014

Description: Disney Streets flip! This house sits on large corner lot of Candlelight and Peter Pan. Beautiful lot. Great area. House is in great shape, just needs cosmetic updates: open kitchen up, update bathrooms update flooring, paint, light fixtures etc. Estimated rehab budget in the packet. Along with 212 Hard money breakdown. No signs of the foundation. Low days on market for resale on updated comps. Great project to get your 2018 started in a positive way!