All Forum Posts by: Heath Kornegay

 I will take two minutes to entertain your reply... we do not mark up listing prices. I will assume you don't quite understand what we do as a wholesale company. I image if we practiced as you implied we wouldn't be in business very long. I couldn't image us wholesaling too many that way. However, thank you for your replies.

- Heath

ARV -$135,000

Price -$73,000
Repairs -$35,500
Est. Gross Profit- $23,500


Pros
Great part of Bedford
Plenty of Comps
Make a great flip or rental
Potential Investor Concerns:

Rehab, Sub Flooring needs to be replaced.

Rehab Breakdown: I am meeting Renovation Gurus today at 2:30pm. Rehab breakdown is in Cash as well. I did budget to fix sub flooring and convert garage back, as well as make master half bath a full bath.



Pictures:
https://www.dropbox.com/sh/squdukjv7ihmv5x/AACpWt3F1YcdkMgTwiK4EZFFa?dl=0

Hello Hattie,

I'm sorry you feel that way; however, I wasn't looking for an argument.

We do acquire some of our properties off the MLS. Although, most of the ones we do sell are off-market. The last 4/5 of the properties we sold this week have been off-market. The MLS is a great resource to find deals, so it would be foolish of us to ignore such a resource, considering we are also all licensed RE agents. I would also assume that you use the MLS to find some of your properties too. Are you telling me you don't buy houses off the MLS?

Our investors are grateful we're able to provide them with so many deals, regardless if they're of the MLS or not.

Do you want access to multiple deeply discounted investment properties every month?

I have a large inventory of off-market properties, 30-40 houses/month. I work with clients who buy in all sorts of price ranges, and who invest in all sorts of ways. If you're looking for the perfect rental, owner finance, or fix & flip I would love to help you out! 

Contact me today for more information.

Pros:

• Large open floor plan
• Cosmetic rehab - quick flip
• Rehab has already been started

Potential Concerns:

• Larger than comparable properties
• Only one true updated sold comparable

Pictures of Subject Property: https://www.dropbox.com/sc/78vbm9pfamwqqk9/AACBDZXwaiyS_ZCjqKy7L_Uba

Sold Comps:

• Subject Property: 2,176 SqFt | 4 Bedrooms | 3 Bathrooms | 2 Car Garage | .1894 Acre Lot | No Pool | ARV $175,000 | $80.42/SqFt
• 806 Del Mar Ln: 1,616 SqFt | 3 Bedrooms | 2 Bathrooms | 2 Car Garage | .2 Acre Lot | Pool | Sold $149,900 | $92.76/SqFt | 2 Days On Market | Updated kitchen
• 1907 Dogwood Dr: 1,774 SqFt | 4 Bedrooms | 2 Bathrooms | No Garage | .198 Acre Lot | No Pool | Sold $138,000 | $77.79/SqFt | 3 Days On Market | Well maintained
• 1704 Manchester Dr: 1,838 SqFt | 3 Bedrooms | 2 Bathrooms | No Garage | .217 Acre Lot | No Pool | Sold $142,000 | $77.26/SqFt | 10 Days On Market | Very well maintained with stainless steel appliances
• 1630 Pecan Park Dr: 1,948 SqFt | 4 Bedrooms | 2.1 Bathrooms | 2 Car Garage | .281 Acre Lot | No Pool | Sold $170,000 | $87.27/SqFt | Fully updated with standard grade finish out. This is our most comparable property. The reason why this house was on the market for so long is due to a combination of two things: 1. The seller initially listed the house at $179,900. 2. Foundation repair was needed while the house was listed on MLS.