All Forum Posts by: Lyall Storandt

@J Scott The actual document would vary by state, but since we're all licensed agents / brokers we use the local contracts promulgated by the authority governing real estate agents in each state that we operate. In Texas, it's the Texas Real Estate Commission (TREC) and back-up contracts are handled with the TREC addendum for "back up" contract.

Greetings!

We have a great new property available in the Trailwood Village area of Houston / Kingwood.

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

Price: $192,000.00

Rehab: $35,000.00

ARV: $280,000.00

Sherman Bridge out-of-pocket expense: $48,278 / Estimated pure profit: $16,996 / Cash-on-cash return: 19%

Square footage: 2,830

Bedrooms: 4

Bathrooms: 2.5

Garage: 2

Year built: 1976

Greetings!

We have a great new property available in the Westbury area of near SW 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: $75,000.00

ARV: $385,000.00

Sherman Bridge out-of-pocket expense: $56,118 / Estimated pure profit: $30,159 / Cash-on-cash return: 21%

Square footage: 2,218

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1961

@Devin Hedgepeth Hey Devin, welcome to Bigger Pockets!

I'd hesitate to say that there are abundant opportunities to buy for future rental potential inside the loop, but it is certainly possible. What's more likely is that your primary residence will appreciate to the point where you'll be able to re-finance and pull equity out of the property. That money can then be used to finance additional rental properties.

Best of luck with this strategy and let us know if we can ever be of assistance!

Greetings!

We have a great new property available in the Springwood Oaks area of Spring Branch (Houston).

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

Price: $215,000.00

Rehab: $80,000.00

ARV: $380,000.00

Sherman Bridge out-of-pocket expense: $53,430 / Estimated pure profit: $34,338 / Cash-on-cash return: 24%

Square footage: 2,310

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1955

Greetings!

We have a great new rental property available in the Northglen 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: Minimal; $5,000.00 max.

ARV: $120,000.00

Rents: $1,150 / Month

Sherman Bridge out-of-pocket expense (total landlord solution): $34,905 / Estimated monthly cash flow: $495 / Annual ROI: 16%

Square footage: 1,109

Bedrooms: 3

Bathrooms: 2

Garage: 0 (Converted)

Year built: 1981

@Albert Okagbue I do not, sir. @Belinda Lopez might.

Greetings!

We have a great new off-market property available in the Willow Forest area of Tomball.

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

Price: $112,000.00

Rehab: $20,000.00

ARV: $160,000.00

Rents: $1,500 / Month

Sherman Bridge out-of-pocket expense (total landlord solution): $29,580 / Estimated monthly cash flow: $497 / Annual ROI: 18%

Square footage: 1,813

Bedrooms: 4

Bathrooms: 2

Garage: 2

Year built: 1995

@Bradley Hall Hey Bradley, this one actually sold two Fridays ago.

Price drop on this property to $149,000.00. That's a reduction of $16,000!!

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