Central TX Rehab Deals - Multiple Opportunities

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Central TX Rehab Deals - Multiple Opportunities

Member since 2025 Β· 30 posts Β· 20 votes

πŸ›  Central TX Rehab Deals – Multiple Opportunities

Off-market/value-add deals in Killeen, Lago Vista, and Dallas with strong spreads and multiple exit strategies.

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πŸ“ 1518 Dallas St – Killeen, TX (Bell County)

πŸ’° Deal:

β€’ Asking: $135,000

β€’ ARV: $205K – $215K (up to $220K+ strong finish)

β€’ Rehab: $5K – $20K

🏑 Property:

β€’ 3 Bed / 2 Bath

β€’ 1,441 sqft

β€’ Built 1972

πŸ“Š Comps Support:

β€’ Nearby homes selling around $185K–$215K range

β€’ Subject property estimated around $170K+ as-is

πŸ’‘ Play:

β€’ Light cosmetic flip

β€’ Rental hold (solid workforce rental area)

πŸ“ˆ Takeaway:

Easy rehab with margin β€” spread is there even on conservative exit.

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πŸ“ 7420 Turnback Ledge Trl – Lago Vista, TX (Travis County)

πŸ’° Deal:

β€’ Asking: $555,000

β€’ ARV: ~$685,000

β€’ Rehab: $15K – $25K

🏑 Property:

β€’ 4 Bed / 4 Bath

β€’ 3,227 sqft

β€’ Large lot (~13,939 sqft)

β€’ Vacant

πŸ’‘ Play:

β€’ Mid/high-end flip

β€’ STR or executive rental potential (Lago Vista = strong appreciation pocket near Austin)

πŸ“ˆ Takeaway:

Higher price point but strong equity upside in a desirable area.

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πŸ“ 7250 Ridge Park Ln – Dallas, TX (Dallas County)

πŸ’° Deal:

β€’ Asking: $270,000

β€’ ARV: ~$360,000

β€’ Rehab: $5K – $25K

🏑 Property:

β€’ 4 Bed / 3.5 Bath

β€’ 2,026 sqft

β€’ Lot: 10,844 sqft

β€’ Vacant

πŸ’‘ Play:

β€’ Light-medium flip

β€’ Rental with strong equity

πŸ“ˆ Takeaway:

Solid spread in a major market β€” multiple exit strategies.

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πŸš€ Summary

β€’ All deals offer value-add + strong margins

β€’ Mix of light rehab to mid-level projects

β€’ Located in high-demand TX markets (DFW + Central TX + Austin area)

Message me for pics/ more info

Serious Buyers Only, no daisy chains

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  • Dallas, TX Β· Member since 2026 Β· 2 posts Β· 0 votes
    5mo

    Saw your recent post. I’m Gina in DFW working in property management with investors locally. Nice spreads here, especially the Dallas deal with multiple exit paths. That one looks like it could go either way depending on execution. How are you thinking about exit strategy and tenant profile on Ridge Park?

  • Member since 2025 Β· 30 posts Β· 20 votes
    5mo

    Hey Gina, appreciate that, sounds like you're right in the middle of it down in DFW. Yeah, Ridge Park is definitely one of those deals where execution matters. Right now we're looking at it primarily as a flip given the spread, but it could easily work as a BRRRR depending on how the numbers shake out post-rehab. On the rental side, the area supports a solid working-class tenant base, probably targeting long-term tenants with stable income rather than anything luxury. With the right updates, it should sit in a good rent range relative to the price point. Curious, from your experience managing in that area, are you seeing stronger demand on the rental side right now or are most investors still leaning toward flipping?

  • Real Estate Broker Β· Coppell, TX Β· Member since 2011 Β· 5k+ posts Β· 4k+ votes
    5mo
    Quote from @Alex Ross:


    πŸ›  Central TX Rehab Deals – Multiple Opportunities

    Looks like 
    7250 Ridge Park Ln – Dallas, TX sold last month at the foreclosure auction for $297,500. I think your ARV is high, knock off about 10% of that number. Rehab mostly done already. Looks like flipper busted after being on the market about a year.
     

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