All Forum Posts by: Myer Johnson

@Mushtaq G.

Could you share your contact info and I may give you a call with all the details?

This Spectacular fully renovated 3 bedroom 2 bath home is packed with value and ready for move-in. The open floorplan concept is perfect for engaging with family and friends. This home boast numerous of upgrades throughout such as flooring and decorative fixtures. The kitchen includes SS appliances, white cabinets, modern backsplash and many more amenities. This would make a great investment property as well!

@Bruce Lynn @Melanie P. Sorry for the late reply I don't have notifications on. We have not been able to sell the house as of yet. We dropped the price from our original price of $250k, and got a buyer, but unfortunately we ran into a hiccup with the general contractor. Once we came to an agreement with the contractor the buyers loan contract had expired so he had to drop out. very unfortunate because the buyer really wanted to buy the house. The house is still currently listed for sale!

This is definitely a learning experience as a first time investor, but it isn't a reason for me to give up! I see great things in my near future!!
 

 Hello Elizabeth 

I'm sorry for the late response. For some reason I'm not getting the notifications. I would love to put you in touch with the realtor whom can give you a lot more info than I can. Her name is Allie Baccus and her number is 4695975865

 Thank you! The biggest lesson was the rehab budgeting. My project was not budgeted correct by the original contractor. 

 I haven't did a new build yet. That is the goal for my next project

 Dallas, FT Worth area

Hello Real Estate Guru's

I have a couple of lots located in Dallas, TX. 75212 is West Dallas Trinity Grove area if you are familiar with Dallas. This area is a very popular sought out area. A lot of homes and land is being g sold in this area. 75215 is the South Dallas Fair Park area. If anyone is interested please feel free to reach out with any questions you may have.

826 Shaw Street Dallas, TX 75212

1520 Homeland Dallas, TX 75212

3510 Packard Street Dallas, TX 75215

Thank you!

Hello 

I'm new to the real estate game and just finished my first and only fix and flip lol. My next project will be a new build. The fix and flip was definitely a learning experience for me. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000
Cash invested: $88,000

Woohoo my project is finally finished and is listed for sale! This was originally a 2bd/1bth. It's now a 3bd/2bth. This was definitely a learning experience. A few road bumps were overcome, but my next goal is to build a new build!

What made you interested in investing in this type of deal?

This is something I've always wanted to get into and I was presented with the opportunity. The time was right so I jumped in and got my feet wet!

How did you find this deal and how did you negotiate it?

A friend of mind is a realtor and she presented it to me. I didn't really have to negotiate it, because she had already did the negotiating. She also works at a funeral home so these type of deals fall in her lap all the time

How did you finance this deal?

Hard Money

How did you add value to the deal?

I was able to get approved for the loan

What was the outcome?

The home is now listed for sale

Lessons learned? Challenges?

Definitely learned that budgeting the rehab correctly is sooooo important. That was one of the challenges we faced, because the original contractor budgeted the project to low. We then brought in another contractor and we ended up being about 30k under budget on top of his 10k contractor fee.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Allie Baccus 0638143 469-597-5865,
Keller Williams Realty
She always has these type of deals available