All Forum Posts by: Kenny Collado

I rehab/flip homes and the owner of the foundation company I use is interested in 2 of the home I currently have on the market. He is ready to jump on one but needs owner financing. Please reach out to me to discuss terms if interested. One home is in Garland, the other in mesquite.

You buy the home from me and owner finance to a buyer already procured!

214-998-3907

Hey!

Reach out to me whenever you have any questions. I’m a real estate agent/investor that works primarily in Garland/Mesquite. Would love to connect. 

Kenny Collado

Hey All!!

Im in a pickle!! This was my second project, a cute 2 BR house in an up and coming area close to Downtown Dallas. My wife designed this very beautifully, and all of the feedback so far has been great, but I have not found a buyer for it yet.

Long story short: I did a TON to this house, completely redone top to bottom and I can not sell it. Sadly, after getting hammered by these interest payments, my breakeven is a whopping 200k. I can't afford to hold it much longer and at this point, I'm coming to terms that I will be taking a loss. I completely believe the house is at market value, it just needs the right buyer because of how small it is.

The lot next door is selling as well and the owner/agent made me a cash offer to buy my home and I guess he will either try to sell them together, or rent it out. The offer is much lower then I'm willing to accept...but it go me thinking...

I need your help! This house will EASILY rent for 1400-1600 and is a perfect hold property as it will be an easy sale whenever the time is right. My investors are NOT interested in a refi and hold because they want their capital to continue to flip homes. If any of you out there may be interested please let me know how close you can get to my number and I will talk to my investors to see what they decide. VERY MOTIVATED!!

https://drive.google.com/open?id=1jMVvRbN8O4AqLzG_MJf6S7G0Oz1GF1OD

1409 Lakeside Dr, Garland, TX 75042

2 Bed/1 Bath
SQFT: 861 sqft
Yr Built: 1948
Estimated ARV: 140-145k




Asking Price: $88,000.00 OBO



Property Description:

This property is a great opportunity for both flip and hold. Property does need work. Needs new floors, roof, paint, upgrades and maybe some foundation repair for flip. Property is structurally sound. Will attempt to obtain pictures prior to showing. Please let me know if you have any questions!

I am a licensed TX RE agent. This is a contract I am in that I’m looking to assign.