All Forum Posts by: Stephen Salerno

See Link here for Photos 

https://www.dropbox.com/sh/wazv8nayprpdbn0/AADpKAp...

For the Address Please give me a call. 214 793 1246 

Thank you 

$300,000

Very RARE OFF MARKET and Very NICE FULL DUPLEX in Carrollton.

Once side is rented at
1495 and the other is 1395. Looking at comparable rents I think without any
work you can get each side to 1500-1520/month. If the owner would in put in
some updates to the kitchen you could see the rent reach closer to
1600/month.

Presently side A is leased for $1495/mth and the lease ends 7/2015
Side B is leased for 1395/mth and lease ends 6/24/15

As it sits its we are a 8.23% CAP but easily could get to a 9 % CAP with
little effort.

Call Stephen Salerno for more information. 214 793 1246 

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth # 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

[email protected]

It is in my opinion that if you are looking to build long term wealth, you should keep the asset.  Is it a get rich quick scheme? Absolutely not but over time you will achieve that goal if you build a nice rental portfolio.  There is less risk in holding on the property. Renters are normally less picky than a person looking to purchase the home. As the DFW area continues to grow people are going to need a place to live. 

An option that I see possible to refinance your current property pull out that equity that you have to use to buy  more properties.  I do not know what your finances are like that is a quick way to get come capital to start creating a rental portfolio. 

Or if you are looking to move and have some cash on hand  then you can keep your current residences and have a tenant pay off the rest of your mortgage and you will own that property free and clear sooner. However, there are some taxes incentives to keep a mortgage on a property. 

There are so many different ways to skin the cat. I hope this is helpful.

McKinney, TX 75069

Price: $117,000 SQFT 911

Bedroom 3 Bathrooms 1

This is a fully renovated property in Old McKinney. Property was renovated for a flip but Seller wants to try and move it now

MCKINNEY ISD W/ MCKINNEY BOYD HIGH SCHOOL...........

Everything was done to this house. New Roof, New Electrical Service, New 13 Seer HVAC System with new duct work, new plumbing, all new exterior siding, All new Kitchen (SS appliances) and Bath, Flooring, Interior paint and doors etc.....

This house will rent for $1,225 in under 30 Days. New Construction house built just down the street as this neighborhood is rapidly improving.

Call Stephen Salerno, 214 793 1246, for showing and more details.

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]

Howdy All,

I have been working for Net Worth Realty for just over two years now. It has been a great experience. I have personally done  over 60 wholesale transactions this year.  I have learned  a great many of things working in the investment real estate game. I have started building my rental portfolio so by the time I turn 40 I will not have to work as hard anymore! That is my goal and after reading posts here i know there are many like minded folks out there. If I can be of any assistance to anyone please feel free to reach out to me. 

@Jerry Puckett Very good point indeed.I advise all the investors I work with to do their own due diligence. I am not forcing anyone to buy any house. My jobs is to present all the fact of the investment. That includes comparable houses from the MLS to GC and foundation bids from accredited third party companies.

NetWorth Realty

MESQUITE – 75149

ARV: $112,000

Investor Cost: $56,000 (Cash or hard money only)

Rehab Estimate: $34,000

Estimated Gross Profit: $22,000

Square Feet: 1404

Bedrooms: 3

Bathrooms: 2

Construction: Brick

Great opportunity in a great part of Mesquite in the Skyline subdivision. Rents are very strong between $1,000 and $1,100 per month. The house is in need of repair but the foundation is not in bad shape(bid available) Align Foundation quoted 3 piers. This property could work as a quick flip. DOM are very low for an updated house.

Call Stephen for more information and showings!

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax

NetWorth Realty

Rowlett – 75088

ARV: $239,000

Investor Cost: $158,000 (Cash or hard money only)

Rehab Estimate: $38,000

Estimated Gross Profit: $43,000

Square Feet: 2606

Bedrooms: 4

Bathrooms: 3

Great opportunity in Rowlett! This house is a 1991 build. The DOM for this area is very low, an average of 8 days for updated houses. This property also has a bigger lot than the comparable. The subject property has .4167 acres, were others rage from .22-.29 acres. The repairs needed include foundation(bid available), roof, and a cosmetic update. The cosmetic update includes refinishing cabinets, granite counter tops, and new flooring.

Call Stephen for more information and showings!

--My Business runs on referrals. Keep them coming. Thank you!--

Stephen Salerno
Licensed Real Estate Agent #624451
NetWorth Realty of Dallas/Fort Worth# 587060

5057 Keller Springs Rd Suite 300
Addison , TX 75001
(214) 373-9000 Office
(214) 793-1246 Direct
(214) 373-0900 Fax
[email protected]

As a professional Wholeseller,  I take a deposit that is only contingent upon me providing clear and marketable title. The corner stone to any deal is title. If the title is dirty then you don't have a deal and I will return the deposit. In two Just one reason why I double close deals. 

But  if that buyer wants to back out for what ever reason after they have committed to do it then I am probably going to lose my EM and that deposit covers that cost. I am not unreasonable but you signed a legally binding contract.