All Forum Posts by: Mike Deltz

OFF MARKET DEAL-  CASH INVESTORS ONLY.

Property is tenant occupied  DO NOT DISTURB TENANT- Drive by's only.

A showing will be scheduled for later this week.  Call Mike at 210-404-8050 to RSVP.

Built 1940

ARV $155,000

Rehab $10,000

Price $108,000 cash only

The property is rented thru Jan 2017 for 750/mo. which is about 300-500/mo below market. It was completely rehabbed in 09. Rehab now is 10k if that. It's really just needs paint in&out and flooring. We sold a property in this same area about two months ago at 203 Furnish Ave and an appraisal was done. The ARV on Furnish came back at $150k, I have attached the actual appraisal for your review. Furnish is 130 sqft smaller than our property.

Investment brochure and comparable appraisal will be provided upon request.

Pics => https://www.dropbox.com/sc/qkitlx3u2gwd3fs/AACBJuCfbwfkZUDLlCvvJp26a

Mike Deltz

NetWorth Realty

210-404-8050 cell

TX LREA 665899

Welcome to BP, Stephen!  I think you'll find this site and everyone on it very helpful.

There's a Meetup that I'll be going to tonight that you may also find very helpful. It's put on by the Alamo REIA and it'll be at Grady's Barbecue at 6510 San Pedro from 6pm to 8:30pm. The topic is going to be Buy and Hold Strategies.

Also, I work for a wholesale company in the area and we frequently acquire properties in New Braunfels and San Marcos as well as San Antonio.  Contact me if you'd be interested in hearing about these and/or all future opportunities.

More pics here https://www.dropbox.com/sc/7nqg25yzxvg8mq4/AABFG8UgJlapcH197tC-fdF-a

Will be closing this month.

Give me a call at 210-404-8050 if you'd like to see it.

Mike Deltz

NetWorth Realty

TX RELA 665899

New deal in Seguin, TX 78155.

Small 2/1 580 sq ft.

It will need everything as far as rehab goes. We have $6k factored in for foundation. The rest will be cosmetics. Texas Lutheran College is 1.3 miles away so you shouldn't have any problems renting it out.

$14k - rehab

ARV- $50k

Call me at 210-404-8050 to see.  

TX RELA 665899

ARV $84.5 k

Investor's price $64.9 kk

Rehab estimate $2.5 k (if that).  House is ready for a tenant.

Estimated gross profit $17.5 k

Vacant.  Rent should be around $850.

Call Mike Deltz for more info.  210-404-8050

TXRELA 665899

ARV*(After Rehab Value): $539,900.00

Investor’s Cost: $399,900.00

Rehab Estimate: $30,000.00

Estimated Gross Profit: $110,000.00

Amazing house with 5 Beds, 4 Baths, 3 car garage and on .62 acres.

Call Mike Deltz at 210-404-8050 if interested.

Texas RELA 665899

NetWorth Realty

ALL 3 UNITS OCCUPIED. Call me to arrange a showing if you want to see it.

Tri-plex in Denver Heights. Duplex in front with separate house in the back that is newly renovated.

Rehab $20K (to update whenever tenants move out of the duplex)

Current rents @ $1,950/month as is minus $300 max for utilities paid by owner.

2 bed/1 bath house in back pulls in $700/month with a 6 month lease that starts today. Pays all utilities.

Duplex is a 1/1 getting $600 per month and a 2/1 getting $650 per month. Both tenants have been there for years. Owner currently pays up to $150 per month for utilities for the duplex units only.

There are several ways to approach this. I think best idea is to hit a punch list of repair items for the duplex units and raise the rent around $50-$100 per month.

Map

Photos

These two houses sit next door to each other and basically need no work. One is vacant and the other has a tenant on a month to month basis at $850. Rental comps range from $850 to $995 per month.

6019 Sunrise View

3/2 962 sq. ft.

ARV $85k

Investor's Price $65k

estimated rehab $2.5k

Estimated Gross Profit $17.5k

6023 Sunrise View

3/1 $996 sq ft.

ARV $80k

Investor's price $60k

estimated rehab $2.5k

Estimated Gross Profit $17.5

Call Mike Deltz at 210-404-8050 to arrange a showing.

Mike Deltz NetWorth Realty

TX RELA 665899

ARV $99k

Estimated Rehab   $16k

Investor's Price   $60k

Estimated Gross Profit  $23k

Clean 2 bed 1 bath 1 car garage in a nice NW SIDE of town.

Rental/Owner finance will only be doing paint and flooring and servicing the AC.

There is Value out there for a 2/1 for a FLIP. Plenty of sold comps within the last 6 months. Your best comp sold at 108k and its smaller. Raul will be checking foundation out this weekend but I do not think it will need it.