All Forum Posts by: Leo Lanza

Address: FAIRCREST, Dallas, Texas 75238

NPO: $599,000

REHAB: $80,000

Cost: $399,000

Down payment: $10,000

Call Leo 817-783-4014

Description: This is a rare find in Lake Highlands on corner lot with side courtyard & side entrance. It backs up to jogging trails and power-lines. 9606 Faircrest also backs up to the same and sold for 195sqft in 12 days. So it will not effect the resale of this property. All the comps in the packet were fully renovated with pools and sold on average for $187sqft. I also had our in house listing specialist "Dorothy" provide her opinion and she was at $610,00.00 renovated like the rest of the comps. I have included rehab breakdown, rehab bid from Truly Noble, Foundation bid from Lima Foundation and 212 analysis.

Address: S Adams St, Fort Worth, Texas 76110

NPO: $370,000

REHAB: $100,000

Cost: $200,000

Down payment: $5,000

Call Leo 817-783-4014

Description: Great flip opportunity in the historic hospital district of Fort Worth! This property sits in a very desired and transitioning area. There is a 700 square foot addition that will need to be finished out to put total square feet over 2,000. This project will need just about everything! Huge rehab budget of $100k to get this house ready for resale.

Address: Lynbrook, Dallas, Texas 75238

NPO: $415,000
REHAB: $40,000
Cost: $293,000
Down payment: $5,000

Call Leo 817-783-4014

Description: L Streets 3/2/2 on an oversized lot on a quiet cul-de-sac, which more than makes up for the fact that it is just slightly smaller than the comps. Houses are going for up to $243/sqft, but in reality, the going rate for a 3/2/2 in this sub is $415K solidly--at an average of 3 DOM! Roof, HVAC, H2O and windows are all good, so this will be a quick turnaround and easy sale in one of the most sought after neighborhoods in Dallas!

Address: Greenspring Dr, Arlington, Texas 76016

NPO: $185,000
REHAB: $19,000
Cost: $132,500
Down payment: $5,000

Call Leo 817-783-4014

Description: Nice off market flip or rental in the Woodfield Addition of Arlington !!! This is one of the most sought after areas of Tarrant county with many homes selling within the first 30 days of being on the market, around $120.00 ASqft in a well maintained condition or still in need of work. The rental comps are strong with homes lease around 1500-/+ a month. The budget for rehab will go towards updates in the kitchen, baths, flooring, along with servicing the Hvac and more.

Address:

NPO: $310,000

Price: $212,000

Rehab: $36,500

Down payment: $5000

Call Leo 817-783-4014

Description: Great location! 4 bedroom, 3.5 baths. Entertain in spacious 2702 sq.ft. home. New roof 10-2017, exterior painted. Houses in this neighborhood are selling between 108-119/sqft. I have priced ours at the average of 114/sqft. Days on Market are all under 4 days! The rehab consists of paint, flooring, and remodeling of the kitchen and baths. New Roof 2017. 

Address: Indian Creek Dr, Fort Worth, Texas 76179

NPO: $460,000
Price: $330,000
Rehab: $51,000
Down payment: $7000

Call Leo 817-783-4014

Description: Nice flip in resort like subdivision in Fort Worth, One owner property that is in great shape. Roof is new as of this year, it will need a new HVAC. Other than at it needs some updating to kitchen, bath, and flooring. The comps were not updated in my opinion just well maintained newer build homes. See breakdown of rehab in packet. I have priced us at the average sold per foot in the area at 127$ a foot.

Address:

NPO: $240,000
Price: $172,000
Rehab: $20,000
Down payment: $6000

Call Leo 817-783-4014

Description: Good rental or easy flip in a nice Garland Neighborhood.

Address:

NPO: $169,000
REHAB: $5000
Cost: $127,000
Down payment: $5000

Call Leo 817-783-4014

Description: Great opportunity to buy a rental property you can get cash flowing quickly since it already has been renovated. Recently appraised at $169,000.00 so financing it will be no problem. The garage has already been convert properly just missing a closet to be able to call it a 4th bedroom. Rents in this area are strong at 1450/mo and could get more with the 4th bedroom. Cash flow analysis and recent appraisal are both included in the packet. 

Address: Puget St, Dallas, Texas 75212

NPO: $145,000
REHAB: $19,500
Cost: $90,000
Down payment: $5,000

Call Leo 817-783-4014

Description: OFF MARKET 2009 Build! House has already been partially renovated and just needs a few finishing touches. Priced below the average $/sqft. Rents for 1200-1300/mo. Great property to flip or to rent. 

Address:

NPO: $310,000
REHAB: $35,000
Cost: $211000
Down payment: $5,000

Call Leo 817-783-4014

Description: Nice flip or rental in Winnetka Heights subdivision. Home is a 2/2/0. Garage was converted into a 1/1 studio. This property was purchased as a rehab but not finished and was not done well. I have budgeted to finish it as well as updated the exterior to what it should look like for full retail. I have included a rehab breakdown in packet.