All Forum Posts by: Leo Lanza

Address:

NPO: $1,500,000

REHAB: 750,000 (to build a 5,000 sq ft home) 

Cost: $330,000

Down payment: $5000

Call Leo 817-783-4014

Description: Perfect spot for a new build or buy and hold on royal! Home is in good shape and will approximately 40-50k to flip it if you wanted to. I believe it will be less if you wanted to rent this out. Comps are showing that you need to build at least a 5,000 sq ft home. Will cost anywhere from 125-150 a foot to build. Comps selling anywhere from 1.3-2 million for custom builds and there are several within a few homes that are being built now. Also, there are as-is homes on royal that have sold higher than us.

Address: Linda Rd, Kennedale, Texas 76060

NPO:

REHAB:

Cost:

Down payment:

Call Leo 817-783-4014

Description: Flip or rental in Kennedale, home is in bad shape and will need just about everything. Comps for both flips and rentals are tough, I have priced us conservatively at 185k, but there are many homes selling over 200k in the area and we sit on a Large lot! 

Address:

NPO: $480,000

REHAB: $150,000

Cost: $239,000

Down payment: $7,000

Call Leo 817-783-4014

Description: A house with good bones in the coveted Berkeley neighborhood--these don't come around often! This is currently a 3/1 1161 sqft house, however, plans have been approved for an addition to take it to a large 3/2 2300 sqft house--see the plans in the packet. The average price/sqft is $233/sqft, however, I discounted this one to $207/sqft due to it backing to industrial. It's not loud, and a good fence will fix it, but it still may be a bit of a stigma to some buyers. Working on getting a GC bid ASAP.

Address: Larkspur Ln, Dallas, Texas 75233

NPO: $380,000

REHAB: $130,000

Cost: $174,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Dealers choice with this house in rapidly updating neighborhood. Rehabs on every street. Just under half acre lot. House is down to the studs inside and needs some reconfiguring. Most comps have smaller lots and less bedrooms. Clean slate to make it your own.

Address: S Beckley Ave, Dallas, Texas 75224

NPO: $219,000

REHAB: $50,000

Cost: $105,000

Down payment: $5,000

Call Leo 817-783-4014

Description: VERY solid deal--this is a charming 3/1 1365 sqft stone/brick house with great curb appeal in the transitioning Beckley Club sub in Dallas. Houses here are going for $160-188/sqft in an average of 6 DOM! VERY hot area for flips. I priced this one at the low end of the market, even though it has a 3rd bedroom due to it fronting to Beckley, which is a busier street. This one will NOT last!

Address: Navarro Dr, Allen, Texas 75013

NPO: $749,000

REHAB: $40,000

Cost: $557,000

Down payment: $10,000

Call Leo 817-783-4014

Description: What a rare gem to find in such well kept and updated condition! This property is in a great neighborhood in Allen, where well-maintained houses are $152/sqft+, and updated houses are fetching closer to $160/sqft. This property is larger than most, so I discounted the price/sqft accordingly, however, it is in EXCELLENT condition--new hardwoods, new tile, and the interior is in excellent shape, needing only touch up paint, carpeting, and (some) kitchen/bath updates. The pool and equipment are in EXCELLENT shape as well. Don't be fooled by the small rehab budget--this one is light work for such a large house!

Address: Avenue E, Fort Worth, Texas 76104

NPO: $80,000

REHAB: $30,000

Cost: $32,000

Down payment: $4,000

Call Leo 817-783-4014

Description: This is a nice and cheap rental/OF deal near Glenwood Park in Fort Worth. It needs a bit of everything, but should fetch a healthy return once it's fixed up! Rents here are hard to find on the MLS, so I had to check with a realtor in the area to see what I could rent it out for.

Address: Wyatt St, Dallas, Texas 75218

NPO: $475,000

REHAB: $75,000

Cost: $308,000

Down payment: $6,000

Call Leo 817-783-4014

Description: This is a 4/2 2362 sqft two story brick house with a great backyard overlooking a creek and wooded area. It is a two-story house in a neighborhood which has primarily one-story houses, but the floorplan allows for many possibilities and the backyard with the pool and the wooded area gives it a nice, secluded feeling which is hard to find in Dallas these days. Rehab will be fairly extensive, but recent comps are trending up, with some fetching over $234/sqft!

Address: Jeter, Bartonville, Texas 76226

NPO: $600,000

REHAB: $67,500

Cost: $415,000

Down payment: $5,000

Call Leo 817-783-4014

Description: 3 acres home in Bartonville built in 1994. Home sits in a highly desirable area minutes away from Flower mound and Lantana. Home has great bones but will need a new roof, hvac, and full cosmetic updates. All 3 comps sold for 600k+ and all have acreage. Dont miss out on this perfect flip for the first quarter!

Address: Redstart, Dallas, Texas 75214

NPO: $690,000

REHAB: $60,500

Cost: $495,000

Down payment: $10,000

Call Leo 817-783-4014

Description: Great flip opportunity near White Rock Lake in Lakewood home. Home has been very well maintained just looking for the cosmetic update like the home next door that sold for 710,000! New wood floors in living areas were already installed but I gave a healthy budget to refinish these and update the flooring throughout. Great neighborhood that feeds Lakewood Elementary. I have priced us at 300 a foot right at the average to the 2 updated home on our street.