All Forum Posts by: Account Closed

Great property with multiple exit strategies. Area appreciating FAST!

Arv-105,000

Rehab -24,000
Asking 58,500


Notes - Also this home currently sits as a 2/1 but we are providing enough in the rehab budget to convert the attached garage into the 3rd bedroom to maximize value on both the rental and retail side. 

ARV: 159k

Cost: 95k
Rehab: 35l (for flip)

Solid flip or rental! Low days on market for resale. Original sqft of this house is 1149, but it has a very well done add on that looks exactly like the original inside and out with windows, plumbing, electrical and a/c. The actual livable sqft is 1663 sqft. I verified it with a linear roller. It is a 3/2.5/2, which a lot of houses only have 1.5 bath and 1 car garage. Easy sell. Nearby Comp is pending at 11 days at 165,000 and the garage was converted. Comps are selling well over $100/foot. I put ours at $95.61/sqft. You can rent this house out for $1250/month. 

ARV – 109,900

Price - $61,000

Repairs – 28,500

Great value for the Richardson School district in Hamilton Park. 

ARV:$120,000

Rehab:$14,500

Price:$75,000

Pros:

• Very Clean, Not a lot of rehab needed
• Tenants will stay in property if buyer wants them to, or he will be out by closing.
• 3/1/0 Frame Near Eagle Mountain Lake

Potential Investor Concerns:

• Roof is sagging left side of house.
• Some minor foundation needed for flip. 

Price: $59,000
Rehab: $3,000--just for drywall fix from the roof leak and whatever sprucing up an investor might want to do, but look at the pictures--it's pretty nice
ARV: $80,000--solid comps
Rent: $950/mo--right at, or barely under market 

It is a 2/1 980 sqft. condo, which is already in great shape and decently updated AND tenanted at $950/mo! The only draw back is that there's a $240/mo. condo fee, but an investor is looking at a deal with incredibly low maintenance, already tenanted, and a solid return for $59K. The only repair necessary is the slight water damage from a roof leak (roof was fixed already), and that's it!

Pros:
- Cheap, easy, low-headache
- Already tenanted by two responsible, on-time tenants (nurses, I believe) who want to stay.
- Good location in Irving, which is super hot right now

Cons:
- REO property, so close date will be flexible--looking for early May closing
- Condo fee, but that's why it's priced so low

ARV – 129,900

Price – 85,000

Repairs – 29,000

Comps Breakdown:

Price: $227,500
Rehab: $36,000

ARV: $320,000

This is a solid deal in a great neighborhood in central Plano, where houses are going quickly--without being remodeled! It is a 4/2.5/2 2142 sqft. ranch with a pool, which has a good roof, HVAC and H20--just needs some foundation (bid for 19 piers at $3420), the pool cleaned up, and interior cosmetics. 

Pros:
- Good curb appeal and floorplan
- Partially updated kitchen and master bath
- Pool--sells fast in this neighborhood
- 4th bedroom

Cons:
- Backs to busy street

@Nitin Dhiman I would love to, what is your email?

After Repair Value: 340,000 

Rehab Estimate: 20,000 

Investor Cost: 252,000 

Pros:

-Easy Cosmetic Rehab

-Great Area near Dallas Athletic Club and there is a park you can see from the front yard.

- Lowest price per sqft for resale, you'll be a great value.

Notes: Great Flip opportunity in 75228! The market in this area is hot. Update homes here are selling between $126-$142/sqft, we are priced conservatively at $118/sqft. Most homes in this area are selling within 30 days. Located within walking distance to the Dallas Athletic Club, this Grandma's house needs to be brought up to modern standard but is overall in GREAT shape. Call your NetWorth agent today.

CASH COW with great 17%+ Cap Rate!!!

After Repair Value: 70,000 

Rehab Estimate: 2,000 

Investor Cost: 58,000 

Pros:

-Cash Flow

-Rents are great!

- Rent Ready

Notes:17% Cap rate!! Previously renovated, this home is ready for a tenant. Rents are 850-950/mo (cap rate is based off 850/mo). The rehab consists simply of make ready and adding in new air conditioning units. Add this rental to your portfolio.

Contact me for more details.