D4D find. What do you think? JV/skip/Need a Bird Dog? Fort Worth

D4D find. What do you think? JV/skip/Need a Bird Dog? Fort Worth

Fort Worth, TX · Member since 2015 · 16 posts · 3 votes

Hello,

It has been a while since my first post but I am finally back and living in the Fort Worth area which gives us a chance to actually start looking for REI.

I was Driving for Dollars today and came across the house in the pictures. 

Zillow says it is a pre foreclosure but I am not sure if that is right?

I had attempted to call the person in the "for sale" sign but did not get an answer so I am posting a Zillow pic. The prices of the houses that are not for sale seem about right from what I have been seeing but I know (correct me if I am wrong) the Zillow prices are not accurate. That is why I am asking what someone would guestimate their purchase price to be based on the not for sale houses being accurate? Our next door neighbors house (we live 4 blocks away from here) just sold their house for 120k 3-2 1200sq (it was a flip) 

I did not get pics inside but it looked like it was taken care of - just a few carpet stains - paint - "the usual". I could not really see anything else through the windows other than it was empty. (looking through the window is ok right? as long as you know/think it is empty?)  

only this house and half of the neighbors on the right flood like this on this whole block.

The fence on the left side was just repaired - within the last 2 weeks - I drove by 2 weeks ago to check it out - nothing has changed except the fence on the left.

the right side still needs repaired. 


The houses around it are (moving south) 

3-2 1150 sq -121k

3-1  985 sq - 105k

2-1  955 sq - 102k

4-2 1600 sq - 137k

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  • Investor · Port Coquitlam, BC · Member since 2013 · 203 posts · 119 votes
    10y
    Hi Mark James II , great post with the details. You definitely need more due diligence but I think there might be a potential deal here. I would never trust Zillow prices even though they claim they are very close to the market. Use one of the BP calculators to run the numbers and in the end almost anything can be a good deal if the price is right. Make a low offer!
  • Fort Worth, TX · Member since 2015 · 16 posts · 3 votes
    10y

    Thanks Brian! I will run the numbers to see what I would need to put to make a profit and then go from there with the agent, if they respond. 

  • Investor · Fort Worth, TX · Member since 2015 · 7 posts · 1 vote
    10y

    @Mark James II Definitely run the numbers and if you need help trying to contact the owners there are several great online resources to be able to do so.  Would be happy to share with you if you are still having trouble.

  • Fort Worth, TX · Member since 2015 · 16 posts · 3 votes
    10y

    Thanks guys for the replies. Unfortunately, I drove by today and the for sale sign is gone now. 

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