All Forum Posts by: Lyall Storandt

Greetings!

We have a great new property available in the Nottingham Country 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: $219,000.00

Rehab: $40,000.00

ARV: $330,000.00

Sherman Bridge out-of-pocket expense: $54,326 / Estimated pure profit: $29,941 / Cash-on-cash return: 30%

Square footage: 2,888

Bedrooms: 4

Bathrooms: 2.5

Garage: 2

Year built: 1976

Greetings!

We have a great new off-market property available in the Olympic Village area of Humble (NE 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: $227,000.00

Rehab: $15,000.00

ARV: $300,000.00

Rents: $2,200+ / month

Sherman Bridge out-of-pocket expense: $56,118 / Estimated pure profit: $18,730 / Cash-on-cash return: 24%

Square footage: 3,964

Bedrooms: 4

Bathrooms: 3

Garage: 2

Year built: 2000

Greetings!

We have a great new off-market property available in the gated community of Bentwater on Lake Conroe (north 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: $325,000.00

Rehab: $40,000.00

ARV: $475,000.00

Sherman Bridge out-of-pocket expense: $78,070 / Estimated pure profit: $53,173 / Cash-on-cash return: 42%

Square footage: 3,651

Bedrooms: 3

Bathrooms: 3.5

Garage: 2

Year built: 1997

Greetings!

We have a great new property available in the Panther Creek Village area of The Woodlands (north of Houston).

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

Price: $229,900.00

Rehab: $55,000.00

ARV: $365,000.00

Sherman Bridge out-of-pocket expense: $56,768 / Estimated pure profit: $34,395 / Cash-on-cash return: 29%

Square footage: 2,671

Bedrooms: 4

Bathrooms: 3.5

Garage: 2

Year built: 1982

Amongst all the other concerns with flooded properties, my most pragmatic concern would be a lack of sales comps. for the flooded property. Even if you have properties that have sold in the same neighborhood and in the same floodplain, if those houses haven't taken water then they're technically not the same. You have to be careful when comparing the value of houses that have recently flooded to those that haven't flooded recently (or ever).

This is a major problem in the Meyerland area where, to the best of my knowledge, there's only been one property that flooded last year over Memorial Day that was then rehabbed and resold on the MLS. There have been plenty of houses that flooded last year and were rehabbed; some were even resold, just not on the MLS. So, if you weren't directly involved in those sales you wouldn't necessarily have access to that sales data to use for your own purposes...

Greetings!

We have a great new off-market property available in the Pine Village North area of NE Houston.

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

Price: $42,000.00

Rehab: $5,000.00

Rents: $700 / month-to-month (market rate is $900 / month)

Square footage: 1,466

Bedrooms: 2

Bathrooms: 2.5

Garage: 1

Year built: 1979

Greetings!

We have a great new off-market property available in the Settler's Park area of Sugar Land.

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

Price: $185,000.00

Rehab: $25,000.00

ARV: $250,000.00

Rents: $1,900 / month

Sherman Bridge out-of-pocket expense (total landlord solution): $46,570 / Estimated monthly cash flow: $506 / Annual ROI: 12%

Square footage: 1,888

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1979

Greetings!

We have a great new off-market property available in the Southland Place area of central Houston.

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

Price: $49,900.00

Rehab: $40,000.00

ARV: $115,000.00

Rents: $1,150 / month

Sherman Bridge out-of-pocket expense:

- Flip: $21,463 / Estimated pure profit: $6,590 / Cash-on-cash return: 28%

- Rental: $17,078 / Estimated monthly cash flow: $536 / Annual ROI: 34%

Square footage: 1,303

Bedrooms: 3

Bathrooms: 1.5

Garage: 1

Year built: 1950

Greetings!

I'm writing to invite you to our annual Houston real estate investor networking event, Coffee & Cash!

The event will be held Saturday morning, April 23rd, 2016 at the Red Oak Ballroom in City Centre (Beltway 8 & I-10).

It's free to attend and no RSVP is required.

Please see above for a full itinerary and address.

Feel free to contact me directly if you have any questions: 405-361-1341.

I hope to see you there!

- Lyall

Greetings!

We have a great new off-market townhome available near the Beltway & Briar Forest in West Houston, right in the heart of the Westchase District / Energy Corridor.

Admittedly, the HOA is high at $415 / month. As such, this property is likely better suited as a small flip or owner-finance play.

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

Price: $79,900.00

Rehab: $10,000.00

ARV: $115,000.00

Rents: $1,300 / Month

**This will be a cash-only property.

Square footage: 1,260

Bedrooms: 2

Bathrooms: 2.5

Garage: N/A

Year built: 1981