All Forum Posts by: Mark McKenzie

Instant equity with zero rehab needed! Selling a retail ready house at a wholesale price just outside of DFW. Appraised at $1,450,000, this spacious 2 acre estate boasts all the amenities to include an indoor pool, 4 car garage, and a floor plan to entertain a crowd! Take advantage of this huge profit potential to start your 2017 investing in the green!

Showing today @ 1 pm! 

Selling a brick 2/1 in the heart of Cleburne for 38,000. This place needs 15k to flip and 8-10k to owner finance. I allocated $2000 to foundation @ 150/pier and the rest in paint, flooring, cosmetics. Contact me for more information. 

Almost turn key rental opportunity in up and coming Cleburne Texas. This house is currently occupied but the leaseback is only for 2 weeks after closing (10/21). The house needs cosmetic updating to flip (15k) - counter tops, scrape popcorn ceilings, fresh paint, bath vanity, carpet. 

The house next door sold for 185k recently and the rental comps are 1300-1450/mo. 

The sold comps for 180+ are not even updated for my conservative 180k ARV could be upwards of 190k with the right finish out.

Average Days On Market - 8 days

Great percentage in Burleson Texas! 

Brick, cottage style 1970's build for sale in Burleson. Large house at 2700' with 4 beds and 2.5 baths. The roof is in great shape, the A/C works well, and the foundation is solid. The entire house needs updating to include floors, paint, counters, lighting, bathroom updates. The house has new windows. Great investment opportunity with low days on market in this neighborhood. Contact me today to see this property.

PP: 190k

RHB: 30k

ARV: 280k

Showing today in Johnson County Texas - Cleburne

Large two story house in nice neighborhood not far from Lake Pat. This house needs ONLY cosmetic updating to bring top market value of 340,000+ House has nice patio area and pool with fenced in yard. 

PP- 225,000

Rehab- 30,000

ARV - 340,000+

SHOWING TODAY - CONTACT ME FOR MORE INFORMATION

Showing 9/20 at 1:00 PM. House needs a quick cosmetic rehab to put back on the market at $145-150,000. Built in 2003, 2 car attached, updated rents at 1400/mo. 

Contact me for showing. 

Selling 2 framed houses within 4 minutes of each other in Cleburne TX (20 minutes south of Fort Worth) for $60,000 each. Both tenants are currently vacating within the week and each house needs $15-20k in repair depending on your investment strategy but both are livable. 

302 Mansfield - 3/1 on 2.3 acres. This large lot could be used to build more rentals/owner finances or sold. This one needs $12-15k in cosmetics and $3-4k in foundation. 

714 Anglin - 3/1 on historic housed street. This house needs $10-12k in cosmetics and possibly some foundation. (My go-to foundation contractor is $150.00/pier)

Selling each at $60,000

Selling both for $110,000

**(Another house on Anglin just owner financed for $85k with $20k down)**

Rectangular 2.3 acre lot behind included

What percentage are you purchasing more rural properties in up and coming suburbs? Midlothian, Waxahachie, Cleburne, Crowley, etc. Obviously the hot spots such as Burleson and Mansfield are a little higher but I wanted to get a feel for what you guys think is a deal. 

(and by percentage I mean purchase price + rehab / ARV) 

I'm showing a house in Desoto today - tenants moved out yesterday. Previous owner said the had it rented steadily for 8 years. We shall see!

Is anyone buying rentals south of DFW- Desoto, Lancaster, Duncanville areas? I have picked up a few properties in these areas and they rent really well - avg 1400/mo but no one seems interested in buying and I can't figure out why? Selling the deals at 75-80% with heavy and light rehabs.