All Forum Posts by: Stephen Salerno

Networth Realty

Dallas- 75229

ARV-$599,000

Investor Cost:$399,000

Rehab Estimate $70,000

Heated Square Footage: 3130 Bed Rooms: 4 Bathrooms: 3.5

Great Property in North Dallas in the Hockaday Square Subdivision. The house does not need foundation work, only cosmetic updates! This property has a pool that is in good shape but does need some attention. The price is adjusted to sell because we back up to power lines. Comps in the area are selling for $209/sqft. We have price our ARV at $191/sqft to move this property quickly.

Average DOM are less than 30 days.

Pictures:

https://www.dropbox.com/sh/n0d8ltuamdisgvg/HmXJt3pabp

For more information please call Stephen Salerno at 214-793-1246

Thank you and Happy Holidays!

Hey at least they helped in caving in the pool.

I have seen a pool that is a solid 3 feet above of where it should of been. The pool had been empty for good amount of time and it popped up. I was suprised to see that.

NetWorth Realty

Dallas – 75214

ARV: $315,000

Investor Cost: $220,750 (Cash or hard money only)

Rehab Estimate: $31,140

Estimated Gross Profit: $63,110

Square Feet: 1587

Bedrooms: 3

Bathrooms: 2

Great opportunity in the Dallas subdivision of University Terrace! This is a great are with low days on market. This house is in good condition. The rehab is made up of foundation work, opening up the kitchen, changing electrical box, and general cosmetic updating.

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]

Net Worth Realty: Dallas - 75238

ARV: $285,000

Investor Cost: $193,000 (Cash or hard money only)

Rehab Estimate: $35,000

Estimated Gross Profit: $35,000

Square Feet: 1524

Bedrooms: 3

Bathrooms: 2

Great opportunity in Dallas near White Rock Lake! This house is in really good condition and only needs cosmetic updating. The Roof is two years old and the foundation is solid. The house across the street just closed at $312,000

Rehab Break Down: Refinish Hardwoods: $4,500 Paint $2,000 Kitchen $10,000 Bath1 $3,500 Bath2 $3,500 Windows $3,000 Fence $2,000 HVAC $3,500 Misc $3,000 Total

Photos: https://www.dropbox.com/sh/nc59ykfyspkz6g4/vDPt3ukna3

Please contact Stephen for more information and showings.

Licensed Real Estate Agent #624451

NetWorth Realty Dallas/Fort Worth

Owner is broker.

LLC License # 587060

NetWorth Realty

The Colony – 76051

ARV: $129,000

Investor Cost: $115,000 (Cash or hard money only)

Rehab Estimate: $0,000

Estimated Gross Profit: $14,000

Square Feet: 1335

Bedrooms: 3

Bathrooms: 2

Great opportunity in The Colony! This house is in really good condition and is rent ready! Rents in the area are strong at $1,200. Great opportunity to own a great house in a great area and gain cash flow.

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]

I am very familiar with the TREC contract. It is pretty straight forward. I would just read through it a couple time and get a feel for it. I feel using the TREC contract is wise because it is created by the State of Texas and it is respected.

If you intend to whole sell I would put the buyer name as you and/or assigns. This way you can assign your interest in the property to some one else.

If you have any other questions feel free to give me a call. 214 793 1246

Good luck,

Stephen Salerno

This property has couple of options in a great area of Dallas near Love Field airport.

Investor Cost: $160,000 (Cash or Hard Money only)

New Builds in the area are selling between $625,000- $930,000.

Giving $100/sqft to build a new house will leave a health profit margin for 4,000+sqft house. Average price per foot for new builds in the area is $173. This will put a the ARV at $692,000.

Option 2 Adding square footage with a full remodel.

Rehab: $150,000 Including adding 1000 sq ft. Really nice remodels are selling around $229/sqft-$250/sqft. With adding 100 sqft will put the ARV at $576,000

For more information call Stephen Salerno 214 793 1246

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

Flower Mound, TX 75022

ARV-$385,000 Square Footage- 2371

Investor Cost: $260,000 Bedrooms: 3

Rehab Estimate $48,000 Bathrooms: 3

Great new deal in the northern suburb of Dallas, Flower Mound. This house sits on 1.5 acres with a pool. The house is in pretty good shape with potential. The foundation felt solid but the HVAC is old. The roof is holding water but we went a head to and budgeted to replace to roof. The remaining rehab consists of cosmetic updating to make it shine.

The best comparable house is next door. It is the same size house but with one less bath. It closed in September at $385,000 and was not totally renovated.

For more information and Showings contact Stephen Salerno at 214-793-1246

A good chunk of house in Dallas will have foundation issues. That is just the way it works. The combination of the soil and drought is not a good for the foundations in the area. Soaker hoses are recommended.

Who is doing the foundation work for you? $9,000 for rental sounds way too high.

This is a package deal of 41 single family homes with a 10% CAP rate. They all have been renovated with recent updated within the last two years. All properties are occupied and under lease. This is your opportunity to purchase a portfolio with little effort to you. Irving is a great area close access to major highways, DFW airport, and great schools. All 41 properties have at least 3 bedrooms and 1 bathroom except for one 2 bedroom and 1 bath property.

For more information contact me, Stephen Salerno at 214 793 1246.

Investor Cost: $4,200,000

Gross Rent Per Year $520,000

Property Taxes $57,473

Property Insurance $41,640

Management Fee (8%) $41,640

Total After Expenses $399,165

I have copies of all the lease and can provide them upon request.

Information on the city of Irving:

Link of Irving being top 5 safest city in america:

http://www.businessinsider.com/safe-cities-in-america-2013-7

Link of Great information of the City of Irving:

http://www.ci.irving.tx.us/businesses.asp