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All Forum Posts by: Steph Thomas

Steph Thomas has started 1 posts and replied 12 times.

Houston Real Estate Forum

Post: Sugar Land Town Home market

Steph ThomasPosted
  • Houston, TX
  • Posts 13
  • Votes 4
Originally posted by @Vijaianand Thirunageswaram:

@Steph Thomas Sugar land is surely a hot market. It should go fast. Why are you wholesaling it if it's only new updates and not big repairs?

Vijaianand, honestly I wanted to offer the seller the best price. But I agree it would be an easy rehab. It's a non issue now, however, as he has passed on my offer.

0 Votes
Houston, Texas
Houston Real Estate Forum

Post: Sugar Land Town Home market

Steph ThomasPosted
  • Houston, TX
  • Posts 13
  • Votes 4

A seller has contacted me about his 3 br 2.5 ba town home in Sugar Land. This would be my first such deal and I'm open to hearing of anyone's personal experience in that market.

I've done my due diligence and it looks as if it's ARV is about $225K with what appears to be only cosmetic updates needed, such as granite counters in kitchen, sod in the backyard, new faucet fixtures all around. I would be wholeselling the deal for $170K.

Any thoughts, advice, etc? Thanks!

0 Votes
Houston, Texas