EDEN/SEVEN OAKS INVESTMENT PROPERTY

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One of our more popular neighborhoods..Eden/Seven Oaks! Excellent North Central location with a nice and easy rehab! This clean 3/2.5 has a wonderful floorplan and is situated in the best part of the neighborhood. With great sold comps and rents easily $1450-$1500 you should have no problem with any exit strategy. Call your New West agent immediately!

Landlords! Here's a great property in a strong rental area with a 13% cash-on-cash return!!

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This is a great rental in Channelview. The roof and A/C are in good condition. There is a little bit of foundation work and the rest is cosmetic. Rents are going for $1100 a month, which will give you a 13% cash on cash return.

 

Contact RANDY BUI for more information; 972-800-9863; Randy.Bui@NewWestern.com

 

RANDY BUI  |  Licensed Real Estate Agent |

|  Randy.Bui@NewWestern.com | 972-800-9863 |

 

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70 Turn-Key Property Package in Southwest Houston

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This 70 Property Turn-Key package is available for an investor(s) seeking a stable annual ROI in excess of 10%. The fully-rehabbed and currently leased properties are primarily located in SW Houston and Missouri City. The combined annual gross rent is $840,300.00. The combined annual expenses is $174,899.10 (insurance, HOA, taxes). The annual net rent is $665,400.90. The net rent divided by the asking price of $6mm yields an annual ROI of 11.09%. Serious inquiries only.

Contact RANDY BUI for more information; 972-800-9863; Randy.Bui@NewWestern.com

 

 

RANDY BUI  |  Licensed Real Estate Agent |

|  Randy.Bui@NewWestern.com | 972-800-9863 |

 

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Lake Ray Hubbard Flip or Rental Opportunity! Very Low DOM!

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 Just blocks away from the water this flip or rental is close to Lake Ray Hubbard. A foudation repair & osmetic updating will bring great value in an area with very low days on market and rents of $1350+/month!

Call Rudy for the address! 214-531-3365

Turnkey in Houston! Needs only minor cosmetic updating!

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Here is a great rental opportunity in the Spring area. Property was Built in 2005 and has recently seen upgrades to the flooring thru out. This thing just needs a quick clean to be rent ready. Property was rented for $1100 per month (2nd comp). A cash buyer can expect a 14% ROI on this one!!

For more details, contact RANDY BUI at randy.bui@newwestern.com; 972-800-9863.

 

                

Here is a non-MLS deal in Houston that is an excellent opporunity for an investor to make money!

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Here is a non MLS deal that is clean as a whistle. This house will only need touch ups in order to be rent ready. Lease comps are all around $1,600 per month. This house has great bones and will only need minor updating in order to sell at its full retail value. This is a very high demand area in the energy corridor. For more details, contact RANDY BUI at randy.bui@newwestern.com; 972-800-9863.

               

2 houses for the price of 1

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2 houses for the price of 1!! NEVER BEEN LIVED IN!!  These properties are for rental and owner financing ONLY!  Pulling an ARV is hard in the area but rents are $850-$925 a month! Properties are NEW construction and just need to be finished out!

JD Castillo
214-650-5493









posting was created by a licensed agent agent; brokerage, United Investex 2, Llc

8plex - Cash Flow Monster

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·         Location! This is right next to Port San Antonio, if you’re not familiar with it do some research. Master mix used development that employs over 13,000 people and employees include Boeing, Lockheed Martin, Standard Aero, Pratt & Whitney, Gore Design Completions and Chromalloy.  http://www.portsanantonio.us/

·         Over $37,000 in Gross Potential Profit annually! If paid with cash my numbers are working out to 15% annual return  and $200 per door which the standard is $100 per door

·         Simply lay out nothing crazy 4 downstairs 4 upstairs

·         2 long term tenants that pay on time and aren’t looking to move out anytime soon

·         No structural issues, individually metered with common water.

Contact Ryan Harthan at 210-710-1617 for more information!

Northeast REO Property

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Beautiful 4/2/2 sits on OVER a quarter (.28) quiet, corner, cul-de-sac lot. Beautiful courtyard entry, Large living area, GREAT kitchen space, custom built-ins, Vaulted ceilings with peek-a-boo/see through fireplace between living/dining and great schools nearby! VERY desirable location centrally located in the heart of San Antonio with easy access to Bitters, 281, SAN Intl Airport and 1604! Plenty of meat on the bone for this slam-dunk with over $50K gross profit!! Ask about financing with Sherman Bridge Lending!

Call Ryan Mark Harthan at 210-710-1617 for more information!

The Importance of Rehabbing Right the First Time

Getting it Sold

I tell every new investor that there are four pieces to the puzzle of flipping a house.  This also means you need four critical people on your team to make sure that you make money:

1. Buying the property - having an awesome acquisition agent
2. Financing - making sure you can pay for it and are getting the best terms
3. Repairing the house - Getting the best quality for the most reasonable price
4. Listing the house - Having a beast of a Realtor® to make sure you sell quick

It only takes one mistake in this chain to lose money on a project.  Periodically you will likely see me refer to this list identifying where I see investors make critical mistakes that either cause them to break even or even lose money.  This article is dedicated to my own personal experience in fumbling between stage 3 and 4

So you're rehab is done, time to list right?

Well yes and no.  Let me give you an example how you can shoot yourself in the foot as an investor.  The following picture diagrams the history of my house.

Listing Summary

Listing History

MLS No: 980543 Cur. Status: ACT Type: Single Residential List Price: $118,900 Orig. LP: $119,000 Sold Price:   List Date: 01/11/2013 List Agent: 535649 List Office: RMAX00 DOM: 54

Change Description Status LP/SP Modified Date Updated By STATUS: BOM -> ACT ACT $118,900  02/22/2013 Call Broker STATUS: AO -> BOM BOM $118,900  02/11/2013 Call Broker STATUS: PCH -> AO AO $118,900  01/28/2013 Call Broker LISTPRICE: $119,000 -> $118,900 PCH $118,900  01/23/2013 Call Broker STATUS: AO -> PCH PCH $118,900  01/23/2013 Call Broker STATUS: NEW -> AO AO $119,000  01/18/2013 Call Broker STATUS: DRF -> NEW NEW $119,000  01/11/2013 Call Broker

Being in the business for so long I was sharp enough to hire an awesome agent to list my house, Zachary Taylor.  In four days, 4 DAYS, Zach got an offer on my house. I priced it right but a lot of getting an offer falls on the on the shoulders of your listing agent.  Now had I not made a critical mistake between completing my rehab and listing it I would have 120 grand in my pocket by now. 

So where was the mistake?

I never got the house pre-inspected.  This was an 80's build house that had about 25 items pop up on the inspection report.  While all of these were minor things that I got knocked out in about three days it scared the buyer off when he saw the inspection report.  Now don't get me wrong, 99% of retail buyers act completely irrationally when buying a home and think that they're getting a new build house at a discount.  This particular lady thought that there was a possibility of mold in the house in the next ten years (WHAT?!?!?).  So I got it back on the market.  I got another offer in about another three days and had the same situation pop up again.

So how did I fix it?

First of all, make sure you put appliances in the house.  I never do a refrigerator but everything else is a must.  Most importantly, get the house pre-inspected. Granted, my contractor screwed up.  On a $12,000 budget I wound up spending an extra $3,000 to get someone in there who could clean up the mess he burned me with.  Had I addressed all the issues initially, I would have sold the house by now.  Another thing to do is to get your agent to the house and get their honest opinion about the condition of the rehab.  A good retail agent will shoot you straight because at the end of the day, they're the person that has to sell it.  

Keep in mind that your history on MLS can easily deter potential buyers.  If an agent sees that a house has been under contract and fallen out 5 or 6 times they're going to assume that there is something very wrong with the house.  You can always go down in price on MLS but you can't go back up.

Click here to view my latest rehab house.

CLEAN 2009 BUILD! Minimal Rehab Needed!

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This is a great opportunity for an investor seeking an easy rehab with this property only needing cosmetic touch-ups and an A/C compressor. This house sold for $128k in 2009 and at an ARV of $120k will be the cheapest active comparable in the neighborhood. Rental comps. suggest $1200 / month with an annual ROI of 12%. Call Randy today at 972-800-9863!

Southwest Houston Cash Flow Machine

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Awesome flip or rental opportunity in Southwest Houston! HVAC and roof look great! Foundation not noticeable but still budgeted for. Basic rehab on inside will make this one top of market! A portion on the master patio brick wall has fallen. An investor should trash out the bricks and leave the patio as open space. LOW days on market of just 24! Solid sold comps justifying 150K+ ARV! Will easily rent for $1500+/mo! Get in touch w/ your agent to check this one out.

GREAT Garland Cash flow Property

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Great cash-flow rental in Garland.  This brick built 3/2 has a converted garage.  The property needs carpet installed and a thorough cleaning to get ready for the rental market.  Strong rental comps range between $975 to $1025.

JD Castillo
214-650-5493



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