All Forum Posts by: Tiffany Hayes

@Dmitri L.  Thank you for the advice. I'll check out the references you've suggested.

@Hattie Dizmond  Thank you for your response.  I'll verify with the realtor.

@Mark Curry  I like the fact that you are asking what my gut tells me to do.  I think I know which way to go on this one. Thanks!

@John Hyatt  Thank you for responding with numbers.  You have helped me with some calculations that will at least get me in the ballpark of what I need to offer.  I'll view the property today and make a final decision.  Really appreciate it!

Thank you all so much for your time!

Wanting to make an offer on a property but not certain what to offer.

Preference is to wholesale.  If so, what should I place the property under contract for?

I am open to a rehab (although it will be my first).  Financing on a rehab would most likely be hard money.

The biggest issue is that I need to move quickly to get the home under contract, but am not certain what the cosmetic repairs would cost.  I have attached photos for reference.  The foundation repair estimate has already been done and is in the details below.

Property Type:  Single Family Residence

Beds/Baths/Living area: 3/3/3

Sq. Ft.:  2,417

Asking Price:  $160,000 ($66.20/sq. ft. approximately)

Foundation Repair Estimate: $15,000

Other Repairs/Upgrades:  ??? this is where I get fuzzy (it's mostly cosmetic)(see photos)

After Repair Value:  $240,000 ($100 sq. ft. approximately)

This home is located in a nice neighborhood in Dallas, TX.  Homes on the street are selling  between $220K and $270K.

Please see photos below.

Thanks in advance for your responses.

Thank you for your feedback, Hattie. I will discuss it with my JV partner.

ARV: $270,000

Repairs: $10,000

Asking Price: $218,000

http://inksrealestategroup.com/coventry-ln/

CALL (972) 885-9730 (Tiffany)

Closing on Monday, May 4, 2015

WATCH VIDEO OF HOUSE:

www.inksrealestategroup.com/coventry-ln/

Off-market honey of a deal in Duncanville! This well-kept home is 13 years young. It is perfectly situated in a mature, well-groomed neighborhood, and just down the street from Duncanville elementary and middle schools. The view on the upstairs deck overlooks the pool in the backyard. With 5 bedrooms and 2-1/2 baths, this is the perfect home to raise a family.

Closing on April 30, 2015

Do Not Disturb Resident!

(Call 972.885.9730 to schedule appointment)

Asking Price: $235,000

Estimated Repairs: $5,000

ARV: $270,000 (very conservative) (Taxable value is $294,300)

House Size (sq. ft) 3952
Lot Size (sq. ft) 13408
Year Built 2002
Stories 2
Property Type Single Family
County Appraised Value $294,300
Pool Yes

Other Info

Home is in great condition! Being sold as-is. Do your own due diligence.

Minor Repairs Needed

SEE MORE AT:  

http://postlets.com/s/rust-college-dr-dallas-tx-75241/13188946

Solid house priced to sell to a cash buyer.  Still needs some work.

THE DETAILS: 

1,048 sq. ft.

Build: 1970

• - Newly updated kitchen: new tile flooring and new cabinets and fixtures
• - Newly updated bathrooms: new tile flooring and toilets, tubs
• - New hot water heater 
• - New A/C Unit
• - Newly installed plumbing line
• - Has green tag from city
• - Freshly painted interior
• - Needs flooring on the remainder of the home (living areas, hallways, bedroom)
• - Needs exterior paint job and sprucing up (NOT SEEN IN PHOTOS - has new partial siding on the front of the home).

With quick fix/easy attention, this house can be move in ready inexpensively and quickly. ...
Comps vary in the area.  Do your own due diligence.  Email [email protected] if interested. Need to sell yesterday.

CLICK HERE for photos and information (PDF document).

Excellent opportunity to save on a 12 property bulk portfolio and create passive income.

• high cash-flow
• great ROI

Details

• Bulk Sale Price: $1.35 million
• Located in Southeast Dallas (75217) and Seagoville (75159) Texas
• Gross yearly income from combined lease: $164,004
• All 12 properties are leased