Viewing 1-10 out of 19 blog(s)
DEAL: Rehab | $30K Proft
Date: 10/15/2007 / Category: Big Deals
,
Current Grade A
6011 W Bellfort St
Houston, TX 77035
SRF - 4/2 - 3,018ftsq
Comments:
Big house on Bellfort in Westbury 5. Lock box - 5788
Paint $4K, Floor $6K, Kitchen $6K, Baths $7K, A/C $2.5K, Ext $2K, Roof $5K, landscape $2k, Misc $3K
Income: $204,900
ARV: $204,900 (Low comps)
Expenses: $174,689
Purchase Price: $124,000
Closing Costs: $1,581
Holding Costs: $11,608 (2 mos)
Rehab Quote: $37,500
Strategy: Double Close
Rehab Time: 2 Months
Profit: $30,211
Gross margin after financing: $30,211
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Houston, TX 77035
SRF - 4/2 - 3,018ftsq
Comments:
Big house on Bellfort in Westbury 5. Lock box - 5788
Paint $4K, Floor $6K, Kitchen $6K, Baths $7K, A/C $2.5K, Ext $2K, Roof $5K, landscape $2k, Misc $3K
Income: $204,900
ARV: $204,900 (Low comps)
Expenses: $174,689
Purchase Price: $124,000
Closing Costs: $1,581
Holding Costs: $11,608 (2 mos)
Rehab Quote: $37,500
Strategy: Double Close
Rehab Time: 2 Months
Profit: $30,211
Gross margin after financing: $30,211
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $16K Proft
Date: 10/15/2007 / Category: Big Deals
,
Current Grade ?
2211 Stonewood
Missouri City, TX 77489
SRF - 3/2 - 1,746ftsq
Comments:
Fantastic buy. Fix and rent!
Income: $114,900
ARV: $114,900 (Low comps)
Rental comps: $950-$1,100
Expenses: $98,310
Purchase Price: $77,000
Closing Costs: $1,136
Holding Costs: $7,174 (2 mos)
Rehab Quote: $13,000
Strategy: Double Close
Rehab Time: 2 Months
Profit: $16,590
Gross margin after financing: $16,590
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Missouri City, TX 77489
SRF - 3/2 - 1,746ftsq
Comments:
Fantastic buy. Fix and rent!
Income: $114,900
ARV: $114,900 (Low comps)
Rental comps: $950-$1,100
Expenses: $98,310
Purchase Price: $77,000
Closing Costs: $1,136
Holding Costs: $7,174 (2 mos)
Rehab Quote: $13,000
Strategy: Double Close
Rehab Time: 2 Months
Profit: $16,590
Gross margin after financing: $16,590
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $82K Proft
Date: 10/15/2007 / Category: Big Deals
,
Current Grade ?
SRF - 4/3.5/2 - 4,900ftsq
Comments:
The house is nearly 4,900 SqFt and has 4 beds and 3.5 baths. If these numbers look appealing to you and you would like to see the analysis…call me and we will go from there. This should be a good investment for someone as there is new construction in the immediate area along with a number of rehabs. This is easily one of the larger homes in the area so there isn’t much competition as far as that is concerned. $70k should be... continue reading >>
Preview:
Address is N/A - Deal not under contract.SRF - 4/3.5/2 - 4,900ftsq
Comments:
The house is nearly 4,900 SqFt and has 4 beds and 3.5 baths. If these numbers look appealing to you and you would like to see the analysis…call me and we will go from there. This should be a good investment for someone as there is new construction in the immediate area along with a number of rehabs. This is easily one of the larger homes in the area so there isn’t much competition as far as that is concerned. $70k should be... continue reading >>
DEAL: Rehab | $17K Proft
Date: 10/15/2007 / Category: Big Deals
,
Current Grade ?
12153 Poulson
Houston, TX 77031
SRF - 3/2 - 1,575ftsq
Comments:
P/C $4500 + Kitchen $3000 + Baths $5000 + Exter $1000 + Electric $1000 + Misc $1000
Income: $114,900
ARV: $114,900 (Avg comps)
Expenses: $97,286
Purchase Price: $73,500
Closing Costs: $1,112
Holding Costs: $7,174 (2 mos)
Rehab Quote: $15,500
Strategy: Double Close
Rehab Time: 2 Months
Profit: $17,614
Gross margin after financing: $17,614
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Houston, TX 77031
SRF - 3/2 - 1,575ftsq
Comments:
P/C $4500 + Kitchen $3000 + Baths $5000 + Exter $1000 + Electric $1000 + Misc $1000
Income: $114,900
ARV: $114,900 (Avg comps)
Expenses: $97,286
Purchase Price: $73,500
Closing Costs: $1,112
Holding Costs: $7,174 (2 mos)
Rehab Quote: $15,500
Strategy: Double Close
Rehab Time: 2 Months
Profit: $17,614
Gross margin after financing: $17,614
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $29K Proft
Date: 10/08/2007 / Category: Big Deals
,
Current Grade ?
602 JEWETT ST
Houston, TX 77009
SRF - 3/1 - 1,140ftsq
Comments:
The current rehab quote is to leave the property as a 3/1, but if you want to put an extra 10K in to the rehab to make it a 2/2 and raise the ceilings the AVR could be $200K.
Income: $184,900
ARV: $184,900 (Low comps)
Expenses: $155,562
Purchase Price: $110,000
Closing Costs: $3,214
Holding Costs: $7,348 (2 mos)
Rehab Quote: $35,000
Strategy: Assignment
Rehab Time: 2 Months
Profit: $29,338
Gross margin after financing: $29,338
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Houston, TX 77009
SRF - 3/1 - 1,140ftsq
Comments:
The current rehab quote is to leave the property as a 3/1, but if you want to put an extra 10K in to the rehab to make it a 2/2 and raise the ceilings the AVR could be $200K.
Income: $184,900
ARV: $184,900 (Low comps)
Expenses: $155,562
Purchase Price: $110,000
Closing Costs: $3,214
Holding Costs: $7,348 (2 mos)
Rehab Quote: $35,000
Strategy: Assignment
Rehab Time: 2 Months
Profit: $29,338
Gross margin after financing: $29,338
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $22K Proft
Date: 10/05/2007 / Category: Big Deals
,
Current Grade A
19322 WHITEWOOD
Spring, TX 77373
SRF - 3/2 - 1,823ftsq
Income: $129,900
ARV: $129,900 (Low comps)
Expenses: $107,885
Purchase Price: $68,900
Closing Costs: $1,072
Holding Costs: $7,913
Rehab Quote: $30,000
Strategy:Double Close
Time Line:2 Months
Profit: $22,015
Gross margin after financing: $22,015
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Spring, TX 77373
SRF - 3/2 - 1,823ftsq
Income: $129,900
ARV: $129,900 (Low comps)
Expenses: $107,885
Purchase Price: $68,900
Closing Costs: $1,072
Holding Costs: $7,913
Rehab Quote: $30,000
Strategy:Double Close
Time Line:2 Months
Profit: $22,015
Gross margin after financing: $22,015
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $20K Proft
Date: 10/05/2007 / Category: Big Deals
,
Current Grade ?
2231 MUSTANG SPRINGS
Missouri City, TX 77459
SRF - 4/2.5/0 - 1,547ftsq
Income: $126,900
ARV: $126,900 (Low comps)
Expenses: $106,396
Purchase Price: $72,500
Closing Costs: $1,104
Holding Costs: $7,765
Rehab Quote: $25,000
Strategy:Double Close
Time Line:2 Months
Profit: $20,531
Gross margin after financing: $20,531
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Missouri City, TX 77459
SRF - 4/2.5/0 - 1,547ftsq
Income: $126,900
ARV: $126,900 (Low comps)
Expenses: $106,396
Purchase Price: $72,500
Closing Costs: $1,104
Holding Costs: $7,765
Rehab Quote: $25,000
Strategy:Double Close
Time Line:2 Months
Profit: $20,531
Gross margin after financing: $20,531
*Note tax benefits are not added into the potential profits.
If your interested contact me.
DEAL: Rehab | $14K Proft
Date: 09/18/2007 / Category: Big Deals
,
Current Grade A
1203 MOSSRIDGE DR
Missouri City, TX 77489
SRF - 3/2/0 - 1,391ftsq
Income: $99,900
ARV: $99,900 (Low comps)
Expenses: $85,008
Purchase Price: $66,000
Closing Costs: $1,072
Holding Costs: $6,436
Rehab Quote: $11,500
Area Rents: $900-1100
Strategy:
Rehab + Flip or
Rehab + Hold for cashflow
Time Line:
2 Months
Profit: $14,892
Gross margin after... continue reading >>
Preview:
This rehab deal came across my desk today. I've already analyzed it, pulled comps and I believe its a good money maker. I have a PDF package available. I cannot take advantage because I'm maxed out with work.1203 MOSSRIDGE DR
Missouri City, TX 77489
SRF - 3/2/0 - 1,391ftsq
Income: $99,900
ARV: $99,900 (Low comps)
Expenses: $85,008
Purchase Price: $66,000
Closing Costs: $1,072
Holding Costs: $6,436
Rehab Quote: $11,500
Area Rents: $900-1100
Strategy:
Rehab + Flip or
Rehab + Hold for cashflow
Time Line:
2 Months
Profit: $14,892
Gross margin after... continue reading >>
DEAL: Wholesale | $28K Proft
Date: 09/18/2007 / Category: Big Deals
,
Current Grade ?
2819 Rosedale
Houston, TX 77004
Duplex - 6/3/0 - 2,767ftsq
Income: $265,000
ARV: $265,000
Expenses: $236,750
Purchase Price: $230,000
Closing Costs: $6,750
Rehab Quote: $0
Strategy:
Wholesale flip
Time Line:
Depends on your marketing.
Profit: $28,250
Gross margin after financing: $28,250
Property Description:
INCOME PRODUCING... continue reading >>
Preview:
This wholesale deal came across my desk today. I've already analyzed it, and I believe its a good money maker. I have a similar property in the same area which has been steadily appreciating. I cannot take advantage because I'm maxed out with work.2819 Rosedale
Houston, TX 77004
Duplex - 6/3/0 - 2,767ftsq
Income: $265,000
ARV: $265,000
Expenses: $236,750
Purchase Price: $230,000
Closing Costs: $6,750
Rehab Quote: $0
Strategy:
Wholesale flip
Time Line:
Depends on your marketing.
Profit: $28,250
Gross margin after financing: $28,250
Property Description:
INCOME PRODUCING... continue reading >>
DEAL: Rehab | $29K Proft
Houston, TX 77031
SRF - 4/2.5 - 1,746ftsq
Comments:
Great Buy. Fix it and sell!
Income: $159,000
ARV: $159,000 (Low comps)
Expenses: $130,514
Purchase Price: $89,900
Closing Costs: $1,240
Holding Costs: $9,374 (2 mos)
Rehab Quote: $30,000
Strategy: Double Close
Rehab Time: 2 Months
Profit: $29,386
Gross margin after financing: $29,386
*Note tax benefits are not added into the potential profits.
If your interested contact me.