All Forum Posts by: Josh Winkler

Fully occupied duplex, One side is at 800 and the other is at 900, both mth-mth. One side is a 3-2 & the other side is a 2-2. 2 bedroom will rent for 950 a mth and the 3 bedroom should rent for 1000-1050. Each side has a 1 car carport but has 3 walls covered so you could add a wall if you wanted to. Will need a new roof and some cosmetic updating on both sides. Both tenants are really wanting to stay so I would offer them an increase in rent or move.

ARV: $199,000

Rehab: $15,000 (roof and cosmetics)

Price:$ 165,000 (already includes closing costs!)

CASH AND HARD MONEY LANDING ONLY!

Bedrooms: 5
Bathrooms: 4
Garage: 2

Rents: current 1,700 and market is 1900-2000.

For more information call:
757-897-6937

Josh

This is a large rehab, but it is the largest house on the largest lot sold in the past year here--over .4 acre! Once completed, this will sell quickly, as the only properties this size around here are all in the mid $200s, and are on MUCH smaller lots! As a rental, you could probably get $13-1500/mo, given its size, and the rehab would be less as you wouldn't have to do some of the higher dollar expenses necessary to get top dollar as a flip.

***Cash or Hard money landing only!***

Price: $73,500 (includes closing costs)
Rehab: $74,000
ARV: $189,000 (based on $94/sqft--much less than the recently sold updated comps)
Rent: $1300+/mo.

For more information call:
757-897-6937

Josh

This is a SUPER clean flip or rental in Country Club Estates in Grand Prairie! New roof, new flooring, new plumbing, updated electrical, no signs of foundation, and a kitchen an baths that look decent (will need updating for a flip, but just clean them up for rental). Either way you want to make money off of this deal, it won't take long to get it fixed up, and homes are going for up to $117/sqft here--even FHA! Solid margin for a low end flip and good rents mean that it won't last long, so jump on this one!

Price: $122,000 (including closing costs)
Rehab: $5-20,000 (rental vs. flip--just not much to do here--look at the pics!)
ARV: $179,000--very solid, FHA financed comps!
Rent: $13-1500/mo. comps are all within that range.

For more information call:
757-897-6937

Josh

This is a 3/2/2 in Greenville, where an investor began work on it, but maybe got in over their heads and couldn't finish the job. Since this is a larger rehab, I got a GC bid to finish it out--includes everything you would need to do to the house. Apart from the new build, the comps are clean with some updates, so I think $91/sqft is pretty safe here.

Price: $73,000
Rehab: $65,000 (we have a rehab bid for $59K, and I added some for foundation to be safe)
ARV: $175,000
Rent: $1100/mo.

For more information call:
757-897-6937

Josh

Cheap deal at less than 80% all in. This property needs a bit of everything but I have the budget set to cover it all and then some. Plenty of rehabs happening in this area and there are similar properties that have sold at this price point on the MLS.

ARV: $110,000
Price: $36,000
Rehab: $49,000

For more information call:
757-897-6937

Josh

Casa View Heights deal ready to be fixed and flipped! Right now, the house sits as a 2/1/1. The plan is to convert the garage to a master suite with bathroom, making the house a 3/2. . After garage conversion, you will be 1210 sqft. I have allotted $50k rehab, which is over $41/ft for the project. Needs roof, install central a/c, convert garage to master suite, and full cosmetics. Already has 4 newer windows and the rest need to match. Electrical box is updated. House has original hardwoods that you can refinish. With a $50k budget on this size of a house, it should look beautiful when done. Updated comps ranging from $169 to $178/ft. I have priced ours at $169.42/ft. If you decided to rent, you can pull $1450/month based off comps.

ARV: $205,000
Price: $118,000
Rehab: $50,000

For more information call:
757-897-6937

Josh

Great opportunity in South Hemphill. This is a complete gut and will be an incredible house when you are done. Currently configured as a duplex - to get full market value you will need to convert back into a single family. We have a huge budget and even nice chunk in miscellaneous.

ARV: $215,000
Rehab: $85,000
Price: $87,000 (including closing costs)

For more information call:
757-897-6937

Josh

This is a great house in a great neighborhood! It is right along the Chisolm Trail and the creek in the coveted Country Place subdivision, voted "Best Neighborhood in Plano 2016". Roof is new, foundation was repaired 2 months ago, and we have a plumbing test. So all you are doing is painting the exterior, updating the interior, and opening the kitchen up a bit to the living areas. This should be on the market by the end of summer, so with so few flips in this area, you should sell it very quickly for a good premium :)

Price: $276,000 (including closing costs)
Rehab: $55,000
ARV: $395,000+

For more information call:
757-897-6937

Josh

Cute little house in Lewisville that is 2/1, 822sqft. Property sits in nearly rent ready condition depending on investors preference. Previous foundation work completed in December 2017. House is situated on a quiet cul-de-sac in a pocket of smaller homes where pride of ownership is strong. Great schools and quiet neighborhood makes this an easy addition on anyone rental portfolio.

ARV - $130,000
Rents - $1,200
Rehab - $3,000 or less make ready
Purchase Price - $119,900 (including closing costs)

For more information call:
757-897-6937

Josh

Small House in Fair Park. Would make a great rental @ 850/mo. Has decent equity capture as it is priced conservatively at $100,000 not taking into account the fact that our lot is 3 times the size of standard lots in the neighborhood. Rehab includes minor foundation, installing an HVAC, and updating kitchens, bath, and flooring, currently a 2/2 but 2nd living space just needs a closet to bump it to a third bedroom. Section 8 rents are $1070/mo!

ARV: $100,000
Rehab Estimate: $25,500
Price: $58,000 (including closing costs)
Rent: $850+/mo
Section 8: $1070/mo

For more information call:
757-897-6937

Josh