All Forum Posts by: Leo Lanza

Address:N Pearson Ln, Roanoke, Texas 76262

NPO: $437,000
REHAB: $70,840
Cost: $295,000
Down payment: $5,000

Call Leo 817-783-4014

Description: 3/2.1/2 Brick property with a pool in Keller. Sits on .9 acres and has a pool. Property needs a new roof, flooring, kitchen updates, bathroom updates, paint, fixtures, and minor foundation work. Keller ISD will help it sell once finished. There is only one comparable that was rehabbed and fully updated in this subdivision and it sold for $525,000. That property is 700 sq ft bigger than us, and we are priced at $185.17/sq ft. 

Address: Gladstone Ave, Azle, Texas 76020

NPO: $160,000
Rehab: $30,000
Price: $98,000

Down Payment: $5,000

Call Leo 817-783-4014

Description: Off market 3/2/2 brick in Azle. House has a large living area with fireplace and new HVAC. There are a few sheds in the back that will need to be removed as well as a partial fence. Inside is all cosmetic work to the bathrooms, kitchen, and all new flooring. Oversized laundry room sits off of the kitchen. Sold comps and lease comps are scarce, but all comps used in this packet are not even updated. There is a much smaller house one road over that is leasing for $1,250 per month.

Address: Valentine St, Hurst, Texas 76053

NPO: $180,000
Rehab: $17,000
Price: $130,000
Down payment: $5,000

Call Leo 817-783-4014

Description: Quick flip or rental in Hurst! This property has had several updates already but still needs a little work. Property sits on a nice corner lot in Hurst-Euless-Bedford ISD. This house has a converted garage currently being used as a second living area/game room. HVAC needs to be replaced and a new electrical panel will be needed as well.

Address: Richard Ave, Dallas, Texas 75206

NPO: $735,000 
REHAB: $150,000
Cost: $419,000
Down payment: $10,000

Call Leo 817-783-4014

Description: Vickery Place craftsman--this is currently a 3/1 1576 sqft craftsman--it's in great shape and is one of the last houses on the street not to be completely rehabbed. The plan is to bump it up to a 4/2/2 2500 sqft 1.5 story house, just like the one across the street which sold for $745K. Rehab will be every bit of $150K, but the return for cash or hard money is VERY solid--and it will hit the market right at the perfect time of year!

Address: Sugarland Dr, Fort Worth, Texas 76179

NPO: $309,000
REHAB: 40,000
Cost: $215,000
Down payment:

Call Leo 817-783-4014

Description: Great property in amazing Lake Country Estates! Awesome schools. Eagle Mt-Saginaw ISD. Eagle Mountain Elementary is a 9 out of 10 on Zillow. Beautiful drive into the neighborhood. You can see the Lake from our street! Structurally, this house appears to be in great shape with no signs of foundation and a brand new roof. The a/c is old but working fine. Great layout with Master Bedroom having high vaulted ceiling. This will strictly be a cosmetic rehab, with 99% of the wood floor in the living areas/hallways in great shape which I think you can/should keep. Flooring would go to tile in kitchen/baths and carpet bedrooms. Updated kitchens, bathrooms, fixtures, doors, paint, some exterior and some curb appeal. Solid deal in solid area! Closing would be in the beginning of February 2018, which would be great timing to sell after rehab!

Address: High Meadow Ln, Lancaster, Texas 75146

NPO: $161,000
REHAB: $15,000 
Cost: $115,000
Down payment: $5,000

Call Leo 817-783-4014

Description: OFF MARKET house in the meadow creek estates. Houses in this neighborhood are selling between 105-111/sqft. I have priced ours at the low end at 105.57/sqft. The rehab consists of a new roof, updating flooring and reconverting half the garage. This house has had some home owner updates in the kitchens and baths. This house will rent for 1350-1400 per month and as a rental just needs some new carpet and the roof.

Address: Arcady Ln, Lancaster, Texas 75134

NPO: $125,000
Cost: $90,000
Rehab: $15,000 (for flip)
Down payment: $5000

Call Leo 817-783-4014

Description: Solid rental or small flip! 3bed/2bath/2 car garage. Foundation bid for 21 exterior piers. At $180/pier that is $3780. As you will see in the pictures, the rest is easy cosmetics. I would keep a lot of it for a rental, such as bathrooms and floors, kitchen cabinets. The $15k was more for a flip budget. Other than one comp which was smaller, 1 more bedroom but no garage, the sold comps are not updated. You can more than likely get away with a $5-10k rental budget and rent for $1200/month, which would be great cash flow. This would be ideal for 212 Rental Landlord program. Breakdown spreadsheet in the back of packet.

Address: Glenhaven Drive, Azle, Texas 76020

NPO: $145,000
Rehab: $21,000
Price: $95,000
Down Payment: $5,000

Call Leo 817-783-4014

Description: Nice corner lot in quiet neighborhood of Azle. Easy access to highway for commuting. House has a converted garage that serves as a fourth bedroom. There is a covered carport for parking as well as a driveway. Roof, foundation, plumbing, and electrical all in great shape. This property does not need 

to be overdone on rehab as comps will not support it. Lease comps should around $1,200 per month.

Address: Shawnee Trce, Grand Prairie, Texas 75051

Price: $99,000
Rehab: $18,000
NPO: $137,000 --very conservative estimate
Rent; $1250-1350/mo.
Down Payment: $5,000

Call Leo 817-783-4014

Description: 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!

Address: Shelton St, Fort Worth, Texas 76112

NPO: $225,000
Rehab: $55,000
Price: $125,000
Deposit: $6000

Description: Great looking house that is not in bad shape. This is a lot of updating and minimal foundation. The roof is borderline but we have it in the budget. The budget is overkill on this house including all new windows and a large misc. budget.