All Forum Posts by: Lyall Storandt

Greetings!

We have a solid rental / potential owner-finance property available in the SE Houston, TX suburb of Pasadena. The numbers are:

Square Footage: 1590

Bedrooms: 3

Bathrooms: 2

**Converted Garage

Year Built: 1953

Cash Price: $53,500 / Sherman Bridge out-of-pocket expense: $13,000

Rehab: $18,000

ARV: $95,000

Rents: $950 / Month

Give me a call directly at 405-361-1341 if you'd like to see this property today!

Greetings!

We have a well-maintained, straight-forward flip available in the Lakeside Place subdivision of West Houston, TX. The numbers are:

Square Footage: 2668

Bedrooms: 4

Bathrooms: 2.5

Garage: 2

Year Built: 1977

Cash Price: $230,000 / Sherman Bride out-of-pocket expense: $57,500

Rehab: $40,000

ARV: $330,000

Give me a call directly at 405-361-1341 if you're interested in this property!

Greetings!

We have a never listed rental available in the North Houston, TX suburb of Spring. The numbers are:

Square Footage: 1715

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year Built: 1975

Cash Price: $79,500 / Sherman Bridge out-of-pocket: $25,000

Rehab: $12,000

ARV: $105,000 - $110,000

Rents: $1,300 / Month

Give me a call directly at 405-361-1341 if you're interested in this property.

Greetings!

We currently have an off-market flip available in the Westbury area of near SW Houston, TX. The numbers are:

Square Footage: 2281

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year Built: 1960

ARV: $325,000+

Rehab: $65,000

Cash Price: $192,000 / Sherman Bridge out-of-pocket: $47,000

If you're interested in this property, please call me directly at 405-361-1341.

@Lillian Mitchell Welcome, Lillian! I'd love to connect, but the site is being ornery about sending colleague requests right now. I actually have an investor who currently lives in Washington and invests here in Houston. I'd be happy to put you guys in touch.

@Angela Hunter Hey Angela, welcome to BP! Houston is an excellent market in which to begin your investing journey. I think a great place for you to start would be the "Ultimate Beginner's Guide," which can be found here.

Best of luck as you travel along your path; be sure to keep us updated on your progress and let us know if you ever have any questions.

Greetings!

We have a property in Missouri City, TX (SW Houston) that would be a great addition to any rental portfolio. The numbers are:

Square Footage: 1562

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year Built: 1983

Cash Price: $63,500.00 / Finance for $27,500.00 down

Rehab: $16,000.00

ARV: $85,000.00

Rents: $1,150 / Month

Give me a call directly at 405-361-1341 if you're interested in this property.

This property has sold.

Greetings!

We have another property available in Cypress (NW Houston) with the following numbers:

Square footage: 2428

Bedrooms: 3

Bathrooms: 3

Garge: 2-Car Carport

Year Built: 1965

Price: $135,000.00

Rehab: $30,000.00

ARV: $220,000.00

This property sits on two lots totaling nearly an acre in land. This leaves the investor with at least three options:

I. Rehab the property and sell it with both lots for $220k.

II. Subdivide the lots; sell the vacant lot for at least $25k; rehab the property and it sell it with the lot it sits on for $195k.

III. For the overly ambitious, you could subdivide the lots and build another property on the vacant lot. ARV would depend on the size and quality of the new construction.

Give me a call directly if you're interested in this property: 405-361-1341.

Greetings!

We have a property available in the Houston Heights (Kutschbach subdivision) with the following numbers:

Square footage: ~ 1340 per our measurements as it sits.

Bedrooms: 2

Bathrooms: 1

*No garage

Year Built: 1925

Price: $312,500.00

Rehab: $100,000.00

ARV: $525,000.00

Rehab budget includes adding ~200 square feet to the property to obtain maximum value. Investor would have the option of creating either a 2/2 or 3/2 with a large master suite.

This property is non-contributing to any of the surrounding historic districts, meaning a developer can tear the property down if they please.

Please call me directly at 405-361-1341 if you have any interest in this property.