All Forum Posts by: Malek Bohsali

@Axel Norvell I have a home listed in Spring Branch $340,000 and another coming up near Airline in 3 weeks $170,000 which might suit your needs.  I'll figure out how to post on Marketplace.  PM if interested.  

all good questions will.  we're still in progress, estimate 6 months total start to finish.  second floor adds 2 bedrooms, 2 vanity areas and a shared shower/ commode; as well as flex/ family/ entertainment area.  there are plumbing hook ups for another bedroom or bar area, if desired.  

advise:  determine if scraping and building brand new is better.  not much is salvaged from existing structure. pipes, electrical, foundation all torn out and replaced or completely re-done.  even the existing irrigation system is being torn up and the foundation and sewer / storm water drainage work is being completed.  

brand new structure would be an additional $200,000 and 3 months to the time line = more risk than we wanted to take on at this point.  

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $436,000
Cash invested: $200,000

adding second story, 1,000 sq ft

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $215,000
Cash invested: $43,000

Spring Branch fix & flip

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $97,000
Cash invested: $15,000

fix & flip - a prior owner added AC to garage

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $87,500
Cash invested: $35,000
Sale price: $162,500

fix & flip - previously flooded

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $95,000
Cash invested: $15,000
Sale price: $170,000

fix & flip - 4 bd, 2 bth, under contract 48 hours after listing!