All Forum Posts by: Sherry Patterson

This is a 3 bed 1 bath in pretty good condition. They have already done a lot of work on it. The HVAC is fairly new and the roof is in good condition. It needs foundation work and some repairs. 

https://www.dropbox.com/…/4oh883…/AAAK1zxVGRllNAUk1LSpogQPa…
Asking: $88,000
Rehab: $15,000 (up to buyers preferences)
Rents: $1200
Our estimated ARV: $122,000 (comps sold $97k - $136k)

Contact Sherry Patterson 817-822-2640 [email protected]

This one is in pre-foreclosure, and will need to close on 9/29 --

This is a great transitioning neighborhood in northwest Dallas near Marsh/Walnut Hill. Houses here are being rehabbed and sold for record prices, and VERY quickly--this would be the CHEAPEST house sold in this neighborhood in a year! Currently, it is a 3/1 1472 sqft house, but my rehab budget allots for adding a master bath. You might also want to add a 1 car garage in place of the shed which is currently at the end of the driveway, as this will give you a higher ARV. The comps support $240-277/sqft, but they either had 2 baths or a garage, so I priced this one at $230/sqft to be safe, though with a few more upgrades, this could easily fetch much more. It is larger than many of the comps, and is brick, where most of the comps are frame, and most of the windows are already upgraded, so the rehab will update the existing structure throughout, and then add a 2nd bath, and possibly a garage.

Rehab: Roof, HVAC, some foundation, fence, 2nd bathroom, possibly a garage

Price: $199,500

Rehab: $70,000-90,000

ARV: $339-372,000

Occupancy: OCCUPIED--showings by appointment only

Close Date: 9/29

Pics: https://www.dropbox.com/sh/a8ks91coszsyyul/AAArvGW-A65MWVygZPDuw7HYa?dl=0

Contact Sherry Patterson 817-822-2640  [email protected]

Our estimated ARV: $122,000 (comps sold $97k - $136k)
Rents: $1200 Rehab: $15,000 (up to buyers preferences)
Asking: $90,000
This is a 3 bed 1 bath in pretty good condition. They have already done a lot of work on it. The HVAC is fairly new and the roof is in good condition. It needs foundation work and some repairs.

3 bed 1.5 bath 1280 sf plus an additional room with brick fireplace that is approx. 224 sf.
Principle Balance $126,051.95
Reinstatement $28,143.76
Wholesale Fee $5000 Rehab: Complete! Everything will need to be done, based on buyers preferences.
Our estimated ARV: $165K average (Comps have sold from $142K - $187K)
Rents: $1300
Needs to close 9/28 scheduled for foreclosure 10/3

Rents: $1200

Our estimated ARV: $72K (comps sold $60k - $87K)
Rehab needs Complete!! It is gutted already with new sheatrock ceilings. Could be 2 or 3 bedroom 1 bath
Asking $35K

At this months meetup we will have a home inspector come show us what to look for when walking a potential purchase. How to spot hidden issues and to know what is fixable and when to run! The meetings are interactive and all your questions are welcome. We are very casual, this is a social networking group and no one will be there trying to sell you anything. We have a lot of fun and learn a lot. Everyone is welcome but please RSVP so that our sponsors can plan for seating and food. If your plans change please change your RSVP.  https://www.meetup.com/DFW-REI-Network-Investing-M...

See you Wednesday!

About our speaker:

Christine Shack

Christine Shack has been a home inspector for 8 years. During that time she has inspected over 3,000 houses in the DFW and the surrounding areas. She holds state licenses in termite inspection, mold inspection, & lead inspection, and she specializes in historic homes and investment home inspections. While working as an inspector, she has studied building diagnostics and building science to create a system-based inspection that intensely covers all aspects of the home. Christine has also trained and managed other home inspectors at a Dallas based multi-inspector firm. As a strong proponent in continued education in building science, Christine has advanced certifications in Thermography, roof inspection, and pool inspection. Foundation elevations, infrared scans, termite evaluations, using state of the art tools and technology, are all included as part of a standard inspection. As a fellow real estate investor Christine understands the importance of accurate repair costs and is happy to consult her clients at every inspection. In addition to the inspection, Christine provides an in-depth report that has been touted as one of the best in the industry.

When Christine started Shack Inspections, she had a vision of providing an inspection that was thorough, easy to understand, most importantly, not overwhelming for her clients. Understanding that a home is most Americans’ largest investment, Christine does not take the responsibility of home inspecting lightly, which quickly becomes evident from start to finish.

Great house only 9 min. from Six Flags, Rangers and AT&T Cowboys stadiums.  Does not need any work to be a rental.  

Asking: $133K
ARV: $155K
Rents: $1350

Please contact Sherry at [email protected]

Great house that was just rehabbed rental grade in 2015.  Just needs a make ready and the HVAC repaired/replaced.  Could be a subject to.  Will require $18,500 down, estimated $95K principle at 4.375 interest rate and $1067 payments.  Will rent for $1300 per month.  

Asking $101,000
ARV $135K

Contact Sherry at [email protected]

Welcome!

I would love to work with you! I am a Realtor and own Aspire Realty. We specialize in investment real estate. If it is investment related we do it! I help my clients find properties, evaluate them, get funding, and get them to closing. We have a construction crew if you need help with rehab, if it is a flip we can sell it, buy and holds we do property management. I have clients all over the word. I also run a local REI group that has over 400 members and we provide them with free education, I don't allow any gurus or sales at the events it is for education and networking only. I would love to speak to you regarding your needs and see how I can help you grow your business. Please contact me at your convenience.

Welcome Austin!

I would love to work with you! I am a Realtor and own Aspire Realty. We specialize in investment real estate. If it is investment related we do it! I help my clients find properties, evaluate them, get funding, and get them to closing. We have a construction crew if you need help with rehab, if it is a flip we can sell it, buy and holds we do property management. I have clients all over the word. I also run a local REI group that has over 400 members and we provide them with free education, I don't allow any gurus or sales at the events it is for education and networking only it is the last Weds. of every month. I would love to speak to you regarding your needs and see how I can help you grow your business. Please contact me at your convenience.