All Forum Posts by: Marco Rodriguez

Dropped price to $47K

11154 Quinlan North Lake Dr, Conroe, TX 77303
3 Bedrooms / 2 Bathroom

1,624 sq ft with extra bonus space which is not on the tax roll
0.63 acre lot

Conroe was the fastest growing city in the US according to CNN/Money.

http://money.cnn.com/gallery/real_estate/2017/06/0...

HOUSE DID NOT FLOOD!

Tenant was renting for $750 (significantly below market). Can be rented AS IS.

Estimated ARV: $115,000 - $125,000

Rehab Estimate: $10,000 - $15,000

Asking price: $75,000

Photos can be found at:

https://drive.google.com/drive/folders/1JyW5WpG-ZE7ezPyIb2KSQ9nRJIyjE6Q_?usp=sharing

Marco Rodriguez

915-449-0349

An experienced investor can capture significant equity on this deal which is tucked away in a developing semi-rural development.

I prefer to deal with cash buyers but will entertain offers from serious, professional wholesalers.

This is not a beginner's rehab.

5456 Serenity N Dr, Willis, TX 77378

3 Bedrooms / 2 Bathroom

1,411 sq ft

0.34 acre lot

Estimated ARV: $120,000 - $130,000

Rehab Estimate: $35,000 - $45,000

Asking price: $52,500

Photos can be found at:

https://drive.google.com/drive/folders/1jtthVuadowP2tqL3pu0Aups5kaLzszAs?usp=sharing

Marco Rodriguez

915-449-0349

Any updates on this thread? I am looking at an office building as well and found the info helpful.

I can't attend this one but would love to attend the next one. Please let me know how I can get invites.

Thank you

I have some experience with 3 buy-hold SFH and want to take a bigger step into commercial and/or MFR.

I would appreciate some opinions on evaluating this deal:

Property with 3 older, run-down houses which contains a total of 5 rentals units generating $3,500 monthly rental income. Land is a corner lot 0.64 acres and has been approved for multi-use by the city. Lot is blocks away from a university.  Annual taxes are about $5,500.

I have so many questions but here are some of the most pressing:

- What is a reasonable expectation of mortgage LTV amount and interest rate?

- What other considerations should I think about?

Thanks in advance for your help.