All Forum Posts by: Johnathan Mark

Beautifully maintained rental in a quiet Lancaster neighborhood.

The neighborhood is ideal for long-term tenants. Very quiet and DOM are below average. Home is currently rented by a Section 8 tenant paying $1600/month!

I'd suggest for max return. Take an HML (or cash) for acquisition, re-fi and collect cash flow for years to come.

Sales Price: $144k

ARV: $185,772

Needs: Refinish Cabinets and Counters (Amazing Condition)

Cash or HM only, please

For pics or further info:

Johnathan 469.609.7458

Great buy and hold or possible flip in an older and quiet Oakcliff neighborhood. We've already done 90% of the rehab, just needs new floor coverings and counters for this one to be wrapped up!

The neighborhood is ideal for long-term tenants. Very quiet and DOM are below average. Market rent is $1450 but a Section 8 tenant could get you $1600+

You'll have two options here:

Option 1: Take HML (or cash) for acquisition, put a Section 8 or standard tenant into the property, re-fi and cash flow for years. Or maybe owner finance it to a family collect! (My recommendation)

Option 2: Finish the rehab (under $9k needed) and simply list it and collect a nice profit

Sales Price: $124k

ARV: $155,474

Needs: Floor coverings, counters. (Foundations, roof, plumbing, HVAC, paint all updated and good to go!)

Cash or HM only, please

For pics or further info:

Johnathan 469.609.7458

Great buy and hold with little deferred maintenance in a quiet Lancaster neighborhood! Lots of room for value-add.

The neighborhood is ideal for long-term tenants. Very quiet and DOM are below average. Home is currently rented by a Section 8 tenant who has kept the home in beautiful shape and is paying $1579 rent (almost $150 over market rent)! 

You'll have two options here:

Option 1: Take HML (or cash) for acquisition, re-fi and collect cash flow for years to come (My recommendation)

Option 2: Move tenants out, do a very light flip, and collect a pretty decent profit after you owner finance to another family or list it!

Sales Price: $134k

ARV: $174,901

Needs: Carpet, Refinish Cabinets, Counters, Hot water heater (All minor cosmetics, great condition!)

Cash or HM only, please

For pics or further info:

Johnathan 469.609.7458

4 bedroom, 2.5 baths on a massive corner lot in a great older neighborhood. Will need a full cosmetic rehab and foundation work at the front of the home. Window units upstairs, HVAC good on the 1st floor. Roof and hot water heater all in good condition but plumbing and electrical work needed. Two rehabbed homes in the neighborhood at this sq footage sold for over $110/sq ft!

$1,000 non-refundable earnest money to title to lock up this one up. One time showing but we will consider all sight unseen offers as well.

Call or text for more information. Johnathan - 469.609.7458

This is an assignment of contract and we are selling our equitable interest in the property. Buyer to inspect the property and do own due diligence. We are not realtors, nor are we represented by one.

One-Time Showing: Thursday, October 25th from 1:00 - 3:00 PM

Closing: Friday, November 2nd

Leaseback: None (Vacant)

4200 Hyde Park

3 bedroom, 1 bath on a corner lot. Definitely will need a full cosmetic rehab and foundation work. HVAC, roof, and hot water heater all in good condition. 

All brick home with a converted garage for extra living space. Rehabbed homes in the area at this sq footage selling around $149/sq ft!

$2,500 non refundable earnest money to title to lock up this one up. One time showing but we will consider all sight unseen offers as well.

Call or text for more information. Johnathan - 469.609.7458

This is an assignment of contract and we are selling our equitable interest in the property. Buyer to inspect the property and do own due diligence. We are not realtors, nor are we represented by one.

One-Time Showing: Monday, October 8 from 2:00 - 4:00 PM

Closing: Friday, October 12th

Leaseback: None (Vacant)

@Cody L. good call, and thanks for the feedback. Actually had a call with a broker yesterday who has agreed to send me leads.

Hey All,

Hope your rehabs are still on schedule and your closings aren't delayed! Had a question I'm having a hard time answering. I'm relocating to Houston from Dallas at the end of the year. My plan is to house hack a triplex or fourplex, living in one of the units.

I'm an off-market kind of guy, every deal I've done has been self-sourced. But, I'm having a hard time figuring out how to narrow my search to only multifamily properties. One post I found suggested that pulling county records would be the way to go. I was able to pull all taxed properties in Harris County (Houston) but one file would have them classified as MF with no address, others would have addresses with no classification.

Any thoughts on any other strategy I could chase down?

Appreciate the feedback! 

Hey Fellow Investors, Hope all is well. I’m a wholesaler out of Texas, based in Dallas. I’m in town visiting family for the weekend and wanted to meet with some local guys and gals to learn more about the New Orleans market. Anyone down to meet for coffee at all Monday, 6/11? Would love to meet with a few of y’all to see if we can help each other! Peace

@Doug Price seems like you did everything you were supposed to do here. A friend of mine did a drop for me this week. 1000 leads, 71 callbacks but some seem like duplicates. Haven't had a second to return calls yet but it seems like a shot in the dark method. I'm interested in seeing the results I have with my callbacks.

@Doug Price appreciate you biting the bullet and sharing the results with us. What list were you using though? Think it wasn't targeted enough?