I have a property in dallas tx, in Trinity Grove area.

5 Replies

Have a property in trinity grove. A rapidly redeveloping area in dallas. 3b2b 1300sqft on a 5600sqft lot. Seeking 150k for my contract. Arv should be in the mid to high 200k and the rehab is about 50k. Problem is. The house was converted into a church. Ugly so it's completely open, and has one hell of an open floor plan. Lol Even the lot next door with no property.. the "same size lot" is appraised to be worth at least 282k. on Zillow. I have advertised on Craigslist ,face book, Letgo , 5 Mile. And signs. And post twice a day. All I get is tire kickers. I have until October 15th on my contract .. been blasting it out since the 28 of Last month... Am I doing something wrong And or does any one have any strategies I might be missing. Thank you

Is there a reason why you’re not listing it with a realtor? Something like this probably requires someone who has a large network of investors too. What do you mean you have until October 15th? Is this a wholesale? @Lawrence Bowden  

Based on the actual location of this property, you may be a little early to the party.  The value in this property would be as part of a larger assemblage.  You are far enough away from Trintiy Groves, that you are still in a heavily industrial area.  If you have money and patience, it could be a good long term play if you can continue to pick off surrounding properties.  As is, it appears to be primed for a tear down.  I'm just not sure if there is a market there yet.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you