All Forum Posts by: Shawn Duncan

Wholesale opportunity in San Marcos Tx:

Home is needing complete gut and rehab.

Price: 57k

Arv:150k

https://www.dropbox.com/sc/n7hgym76qw44g4q/AADoPqQv-KTQpSanPirl5PQ_a

If interested please email [email protected]

About 10 years @Seth Teel

I have a Sub-To property at 810 Conway Dr San Marcos,Tx. Could be a potential Buy and Hold.

ARV 120K
Rental comps 1100-1300

Reinstatement: 24,962.74
Payoff: 104,526.00
3.75% interest fixed
PITI:686
30 year note

Specs:
4 beds
1 bath
1218 sqft

Repairs.
Home was flooded and needs a complete rehab. Insurance Adjusters claim of 47,500.00 for repairs has been filed.

https://www.dropbox.com/sc/mqna3k309d9ymsn/AADAfSig9K7jczRgmx5GA9-ka

Please email me @[email protected] if interested.

Thanks!

Thanks for the advice! I was debating if I should try to do a lease option. But I know there has been a lot of speculation regarding lease options in Texas because the requirements are written into Title 2 CH 5 which also covers contract for deeds. Can anyone recommend a expert in the field of lease option contracts in Texas? 

I was wondering if i could get some feedback on structuring a good owner finance deal. I have a seller who owes 95k on a home that has an ARV of 170k. The home is needing about 8k in work. I plan to wholesale the home to an end buyer. My question is, if the seller does not accept my cash offer, how could i structure an owner financed offer that would make sense for the home owner as well for the end buyer?

What terms and downpayment would make sense for you as a buyer looking for a rental or potential flip?

Being a wholesaler I do a lot of marketing to absentee owners. I come across a lot of sellers who don't meet the criteria  or we cant agree on price for a good wholesale deal. I would like to monetize every lead  by using owner financing and then assigning the terms to an end buyer. How would I structure the deal? what contract do I use? and how would I determine my assignment fee?

Comal ISD

Would anyone be interested in a 5 acre lot in Spring,Texas? Im still negotiating the price with the seller but hoping to get it for around 50k.

When you do a Condo Regime on a Duplex does the price per square footage increase? Or does it usually stay the same? 

@Lynn Currie Thanks Lynn! I've had the property under contract for about a week now. Lots of interest but no solid offers yet. Hopefully i'll get one soon!