All Forum Posts by: Lyall Storandt

Alright, I understand the intent here is probably to prevent people from potentially being scammed by unscrupulous dealers but this is a little ridiculous for pro members.

Since you've taken away our ability to message users directly without being connected to them as colleagues, if someone asks for a referral the only way to send it to them on the site, without posting it out in the open, is via a colleague request. Well, what good is that if you're going to censor words in those requests? The word that got the **** treatment in the message above is loan.

The guy asked about owner-financing and I referred him to a local company that services owner finance notes. Well, that company happens to have "loan" in their company name and their web address. Apparently BP thinks that's a dirty word. I would have never known about this had the guy not replied, which brought the message history to my attention.

Seems like overkill, guys...

@James Nguyen There's a local company that specializes in servicing owner-finance notes. I'll PM you their details. I'm confident they can help guide you through the process.

Greetings!

We have a great new off-market property available in the Remington Ranch area of NW Houston (Spring ISD).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $99,900.00

Rehab: Needs a professional carpet clean and minor make-ready

ARV: $125,000.00

Rents: $1,350 / month

Sherman Bridge out-of-pocket expense (total landlord solution): $23,818 / Estimated monthly cash flow: $486 / Annual ROI: 22%

Square footage: 1,612

Bedrooms: 3

Bathrooms: 2.5

Garage: 2

Year built: 2005

Greetings!

We have a great new off-market property available in the Glencairn area of NW Houston (Cy-Fair ISD).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $105,000.00

Rehab: $15,000.00

ARV: $145,000.00

Rents: $1,400 / month

Sherman Bridge out-of-pocket expense (total landlord solution): $27,805 / Estimated monthly cash flow: $565 / Annual ROI: 22%

Square footage: 1,538

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1976

Greetings!

We have a great new off-market property available in the Olde Oaks area of NW Houston (Spring ISD).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $159,900.00

Rehab: $55,000.00

ARV: $275,000.00

Sherman Bridge out-of-pocket expense: $41,138 / Estimated pure profit: $19,808 / Cash-on-cash return: 19%

Square footage: 3,807

Bedrooms: 4

Bathrooms: 4

Garage: 2

Year built: 1982

Greetings!

We have a great new off-market property available in the Memorial Parkway area of Katy (west of Houston).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $145,000.00

Rehab: $25,000.00

ARV: $210,000.00

Sherman Bridge out-of-pocket expense: $37,800 / Estimated pure profit: $11,577 / Cash-on-cash return: 17%

Square footage: 2,280

Bedrooms: 4

Bathrooms: 2

Garage: 2

Year built: 1978

@Abdel Mather Sure thing!

The saying down here is that every house has either had foundation repair or needs it.

I agree with the sentiment that you should have an independent engineer provide a report on the property and have several foundation companies bid the job based on the engineer's report.

That said, $466 / pier is retail pricing; high retail pricing at that.

I will send you the contact information for three companies that will repair foundations for investors at closer to $150 / pier via PM.

Greetings!

We have a great new off-market property available in the Brenwood area of Katy (W of Houston).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $114,000.00

Rehab: $5,000.00

ARV: $140,000.00

Rents: Currently leased at $1,290 / month through December to a Section 8 tenant. Market rents are closer to $1,400 / month.

Sherman Bridge out-of-pocket expense (total landlord solution): $30,370 / Estimated monthly cash flow: $411 / Annual ROI: 15%

Square footage: 1,821

Bedrooms: 4

Bathrooms: 2

Garage: 2

Year built: 1986

Greetings!

We have a great new off-market property available in the Terranova area of Spring (Klein ISD) [N of Houston].

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $160,000.00

Rehab: $40,000.00

ARV: $240,000.00

Sherman Bridge out-of-pocket expense: $41,160 / Estimated pure profit: $13,824 / Cash-on-cash return: 17%

Square footage: 2,673

Bedrooms: 4

Bathrooms: 2

Garage: 2

Year built: 1978