All Forum Posts by: Stephen Salerno

Five houses Dallas 75217

Sell price- $260,000

3 houses- are 3/2 1 house 4/2 and 1 house 3/1.

All five properties are leased section 8. All the properties were built in the 1980's.

Tenants Pay all Utilities.

Total gross rent is $4,496

Monthly Taxes on all five: $544.41

Estimated Monthly insurance cost on all 5 properties: $500

Miscellaneous Maintenance: $1,000

Potential Net Income: $2,449.59

Optional Property MGMT-8% of net

For more information call Stephen Salerno at 214 793 1246

Dallas Texas 76216

Bedrooms 4 Bathrooms 2 Square Footage 1964

Investor Cost $65,000 Rent $1,300/month

Unique opportunity to take over a great cash flow property with no effort. The tenants are happy and are paying above market rent. They are currently on a one year lease and would open to extend the lease for another two years. There is also an option to owner finance this property to these tenants after the lease. Great opportunity with very minulamal work.

For more information call Stephen Salerno at 214 793 1246

Argyle Texas 76226

Bedrooms 5 Bathrooms 4.1 Square Footage 5005

ARV $590,000 Investor Cost $288,500 Rehab Estimate $140,000

Rare opportunity with a newer construction sitting on 3.6 acres. This property needs a full cosmetic renovation and this budget will bring this property to the top of the neighborhood.

For more information call Stephen Salerno at 214 793 1246

Hello all,

I have a turn key rental in the Lochwood North subdivision of northeastern Dallas.The address is 11326 Cactus Lane.

It is a 3/2/2 1029 Sqft build in 1962.

The house has been professionally remolded and is ready for a tenant.The house has granite counter tops, new flooring, fixtures, paint and a nice covered outdoor patio area.

The property has appraised for $128,000 and the property is being sold for $118,250. You will instantly capture equity in a good neighborhood.

Rents in the area range from $1,000/month to $1,400/month. The finish out of this property should garner the higher range of rents.

Please Call Stephen at 214 793 1246 for more infomation and showings.

NetWorth Realty Mesquite – 75150

ARV: $80,000

Investor Cost: $49,500 (Cash or hard money only)

Rehab Estimate: $10,000

Estimated Gross Profit: $20,500

Square Feet: 1248

Bedrooms: 3

Bathrooms: 1

Construction: Brick

Great rental opportunity in Mesquite with equity capture. The property is in Mesquite near Guss Thomasson Rd and La Prada.This house should rent for at least $900/month. It will not take much to get this property rent ready.

Call Stephen for more information and showings!

Net Worth Realty

Stephen Salerno

214-793-1246

[email protected]

5057 Keller Springs Rd. Addison TX

License # 624451

Keith Martin Welcome to BP

Jacob Shafer- Absolutely I look forward to talking to you.

Ryan Enos makes a good point. However there are more than one way to skin this cat.
I have experience using a Hard Money Loan to "bridge" the gap between non-traditonal financing to a traditional source. This way you cash out of pocket is limited on wholesale deals.
Especially with holding the properties you can leverage you current working capital to be able to purchase more properties.

Jacob Shafer - There is a meet up tomorrow in Las Colinas. It should be a good time.

http://www.biggerpockets.com/forums/86/topics/94796-dallas-ft-worth-bp-meetup---july-25th-in-las-colinas?page=1

I will be there. Looking forward to meeting everyone.

Jackie Lange
I am pretty sure I have a client how would be interested in these. Please PM me with more details. I know he likes that area of Garland and is a cash buyer.
Thanks