Seminole Wholesale deal

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Easy rehab with low DOM in Seminole. The previous owner started the rehab and decided not to finish. The house already has new cabinets and granite in the kitchen, new vanity and granite in one bath, low E windows, newer A/C, and many more improvements started. Finish the easy cosmetics rehab and throw it back on the market for a quick sale. Close 11/30 with Pinellas Equities, LLC.  Contact Ryan for more information 727.308.1223

Woodlake Investment Property

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Woodlake Neighborhood located in the NE area of SA. This property a ton of potential and after ~$20k is put into the property, this could be the gem of the neighborhood. Brick on 3 sides of house and a bonus enclosed patio in the back as well. Very low days on market in this area: 29, 16,34, and 21 days on market for the comps in this info packet!!! Put a little elbow grease into this one and watch it fly off the market! Rents are strong as well between $1,200-1,300/month. Call today to schedule your showing!  


Price - $82,900
Repairs - $20,000
ARV - $140,000



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

Rent-Ready Property in Houston! Perfect, Easy Rehab For Landlords!!

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This very well maintained home is rent ready, although $6,000 was allocated for granite and fresh paint (not needed as a rental property). It is also ideal for owner financing. The 4-sided brick home has wood floors, a new AC unit, good roof, and great curb appeal. More than $895/mo is possible in current condition, but as it stands a cash investor will get a 15%+ ROI. Should go fast!

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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Arlington Duplex

Arlington Duplex!

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This is a great opportunity. One side is already occupied for $650/month and the other side only needs minor cosmetics and cleaning.  Don’t miss out on this opportunity to own a brick, 80’s Build, duplex that will easily rent for $1,250 + 

For More Info contact

JD Castillo

214-650-5493






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

5 Reasons Real Estate Agents Don't Like Investors

5 Reasons Real Estate Agents Don't Like Investors

If you ever talk to savvy investors you will undoubtedly here one of them say something to the effect of, "Yes I have several agents I work with to make offers for me".  This article points out why investors have an exceptional ability to get under the skin of professional real estate agents.

1. Low loyalty - Good real estate investors do the the same thing that investors in other areas of the financial sector do: they go where the deals are.  Investors are inherently going to gravitate towards where the opportunities to make money are (duh?)!  Most real estate agents will prefer to have a buyers representation agreement with their buyers the same way listing agents will not likely list your property without an exclusive right to sell agreement.  Real estate agents want to ensure that they're getting paid for their work!  The last thing they want to do is spend copious amounts of time working with you for you to purchase something from another agent.
2. Low prices - Real estate agents get paid on commission; a percentage of the final sales price of the property.  Investors are typically not trying to purchase the expensive $400,000 brand new house on the hill, they're shooting to get the lowest possible price on the lowest priced houses on the market.  Low pay equates to low incentive to work hard for an individual.  The only positive aspect of working for an investor is that they are likely to be repeat buyers and they will have to sell their property after it's been repaired.  
3. More work than average - When Jack and Jane are trying to purchase their dream home it's likely the agent will have to spend a good deal of time determining what the buyers are looking for and will specifically target houses for them to look at.  When they find something they like, they make an offer, and the agent gets paid.  With an investor, the client is simply looking to get a deal on a house they can make money on.  In reality, and I often say this, every house is a buy at the right price.  So can an agent be reasonably expected to slave over every house for sale in a particular area to figure out which house is a deal, which isn't, what has potential, what already as a contract working on it THEN coordinating with the buyer to visit the property, estimate the repair costs, account for it, then make an offer.
4. Specialization - Most real estate agents look at a broad range of transactions involving many different sub specialties of the business.  I like to compare this to doctors.  I broke my tibia and fibula about five weeks ago which gave me a need for a very specific kind of medical service.  Instead of having the ambulance swing by my general practitioner's office I went ahead and had them drop me off at the ER for an orthopedic surgeon to get to work.  The orthopedic surgeon has experience and a skill set specialized to my needs at that time that my general practitioner simply doesn't have.  The same can be said for looking for investment real estate.  Your general real estate agent can tell you what to look for but doesn't spend their day looking for it the same way my general practitioner knows my leg is broken and might even (probably not though, sorry doc) know how to fix it but doesn't do it on a daily basis.  A point of interest - Likewise, when I have a cough, I'm not going to go see my orthopedic surgeon, I'm going to my GP.  This is similar to listing your finished product!
5. Time frames - No one likes to be pestered, not even me.  If a house comes on the market that an individual has the opportunity to make $50-60k on, the free market is not going to wait for you to make your mind up.  Every deal is extremely time sensitive; you snooze, you lose.  So when a deal comes out on the market you need to hope that your real estate agent is 
1. Sitting in his office
2. Constantly running CMA's to figure out if somethings a deal
3. Remembers to call you
4. Get's with you to go look at the property
5. Can come to a number that you'd be happy with purchasing for
6. Draft up an offer
7. Get that offer accepted before anyone else 

Wedgwood Flip Property

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This house is in great shape!  In need of some cosmetic updating, but the integrity of the house is solid and the roof was put on 2 years ago.  The owners had personal issues and circumstances forced an immediate sale.

JD Castillo
214-650-5493

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

Woodlawn Lake

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Awesome little house in Woodlawn Lake area. Close to the highway and downtown! Needs a good sized rehab for this little gem to shine. Needs some foundation(pier&beam) and cosmetics throughout! Woodlawn Lake is a transitional area that has a lot of nice properties selling quickly. Get this rehab done nicely and it will sell quick! Call now to take a look!

New Hurst Flip Property!

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Nice house on a corner lot with attractive curb appeal.  Property is on a canal lot.  Previous owners left in a hurry so there is some trash out work to be done.  Foundation appears to be level, however the roof may need some attention.  A/C looks good.  The garage will need some minor demo as a work room was added.

J.D. Castillo
214-650-5493

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

NEW BENBROOK Flip Property!

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Relatively clean house in an established and sought after subdivision in Benbrook.  This property is not listed on MLS. Property needs general updating and around 10 piers in foundation repair.  Close March 12th with HEB Homes LLC.

JD Castillo
214-650-5493


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Off Market 281 and Bitters!!

Here it is Investors!  Off market 4/2.5/2 on .31 acres in a cul-de-sac in one of the best neighborhoods in San Antonio, Hidden Forest II.  Great opportunity for a flip with low days on market across from Silverhorn Golf Course at Bitters and Blanco.  No foundation, roof 2 years old, situated on big lot, off market and tall ceilings are a few ++++'s.  Call Ryan Harthan at 210-710-1617

East Terrell Hills Investment Property

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High points on this deal include:

• Days on market for sold comps are right around 3 months or less!
• Price per sqft for our comps go as follows: $78.53, $81.93, $71.53, $70.21…..Our ARV is based on $64.58/sqft!!!  (VERY conservative ARV)
• Rental rates from $875-1,100/month in the area!
• Easy cosmetic rehab.  The current owner had quite a bit of work done on the property before her contractor bailed on her and left her high and dry before the rehab was complete.  Structurally solid property needing cosmetic updates!

Great Fix and Sell or Rental investment opportunity in the popular East Terrell Hills neighborhood!  Lower days on market for flips and solid rental rates in the area. Some of the rehab work has already been started and this gem is waiting for your finishing touches to get it back on the market.  Call Ryan Harthan at 210-710-1617

Stillwater Investment Property

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5/3.5/2

3222 Sq Ft

2007 build

.38 acres

ARV 275K

Repairs 11K

Price 187K

Impressively HUGE home in the desirable Stillwater Ranch. You couldn't build this home for this cheap. Conveniently located in the back of the subdivision by the creek, on the biggest lot in the subdivision (.38 acres). Soaring ceilings, custom built-ins, remarkable closet space, wrap-around creek.. too much to list! Be the first to see this gem. NW new build's never last!

Carrollton Investment Deal

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This 4/2/2 in Carrollton is located in a great neighborhood.  Needs foundation (bid attached), garage re-conversion, and cosmetic updating.  Rental comps are approximately $1500 per month.  

For more info call

JD Castillo

214-650-5493

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Ridglea Property Flip For Sale!!

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This is a great flip In North Ridglea Hills. This property needs cosmetic updating all through and a little rearranging of the floor plan. The kitchen is the main focal point that needs the most attention, and opening it up is a must. This is a very basic rehab with a huge return. 

For more info, call

JD Castillo

214-650-5493

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Mid City Rental house For Sale!!

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Another great home in our bread and butter pocket! The area has only increased in value since we started buying and selling here. It does need half of the garage converted back, but according to tax rolls, the SF is still correct. This area rents or flips well. Basic rehab besides the garage conversion.

JD Castillo

214-650-5493

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Garland Rental property For Sale!!

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Super clean Garland deal, good for rental or flip!!! Nice and easy rehab, perfect for the first time investor. The property needs minor foundation and the rest is cosmetics. Currently the property is a 5/3/0 with a well done garage conversion and a carport. Rents for $1300-$1400. All comps, sold and lease, are in the same subdivision. Garland always moves fast

JD Castillo
214-650-5493


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Live Oak Investment Property

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Super clean Live Oak Investment Opportunity! This property is located less then a mile away from  Northeast Lakeview College making it an easy rental. If you are looking for a quick flip this area has low days on market all of our comps sold within two months. This property is also located right down the road from 1604 and IH-35. Call Ryan Harthan at 210-710-1617 for more information!

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7 Short Steps For New Investors Learning To Pull Their Own Comps

The more you know about pulling your own comps the less you will be surprised when you hear back from an appraiser.  Appraisals can make or break a deal for investors.   Whether it’s a subject-to appraisal (appraisal subject-to written repairs being completed)  that determines how much your hard money loan will be or an appraisal that determines your potential home owners’ loan amount.  Your best defense against a botched appraisal is to learn how to pull solid comps yourself.   Pulling comps is much more an art than a science.  If you are planning on protesting your taxes, buy fix and flip or planning to buy fix and sell; pulling your own comps is a skill that every successful real estate investor needs to master.

Let me start off by saying that I am not an appraiser.  However, I am a real estate broker and investor.  I have had my real estate license for ten years and have been a part of countless real estate transactions.  I was the agent on about 50 closed transactions last year alone.  The only way I can continue to do this type of volume is by being a good judge on after repaired value so my investors stay happy and I am able to guarantee repeat business.  I’m sure there are many ways to pull comps and determine value but the following are just some tips to show how I do it. 

Note: if you do not have access to MLS, go to www.investorblock.com and sign up to pull comps for free in Dallas, Fort Worth, San Antonio and Houston.  Some of the same principles will apply so feel free to keep reading.

Here are 3 rules that you should always start off with;

11.  Comps that are in the same subdivision are always going to weigh more than comps outside the subdivision. 

22.     It’s always best to stay within 5 years +/- year built when searching for comps. 

33.    Appraisers only pull comps for the sale of a house from 6 months back.  For rental comps, you can go about a year or two back. 

Step 1:          Go to your local MLS provider, sign in, and find the property type that you would like to look for. I.e. Single Family, Commercial, Rental etc…

Step 2:          Select all Active categories, pending and Sold categories, then select “search by map”

Step 3:          A map will appear and on the top menu of the map will be the label for “Locator”. Click that and then type the address of your subject property and press Enter.

Step 4:          Zoom out a bit so you can get a good view of the area and then select “Draw Polygon” at the bottom of the map.  Draw a polygon around the area around your subject property remembering not to cross any major streets and staying within what would appear to be the same subdivision.  Once finished select, “Apply to search”.  Doing this should remove the map from your screen and take you back to your home page.

 

                  This is where the process starts to develop into an art.

Step 5:          Add in Square footage and year built into the main search remembering to start off with 5 years +/- and 10% Sq footage +/-.  You can always widen the search later on but this is a great starting point.  Once this is done, select “Search”.

Step 6:          If you have a manageable number of Sold comps pulled skip to step 7.  If you have either a large or under 3 properties that have not been rehabbed pulled up, re evaluate the search criteria you have entered.  It’s better to go down in square footage and year built.  If you go up in square footage and year built you will need to do adjustments.   If you have too many comps, you might want to add the subdivision to the search criteria.  It will help further narrow your search.

Stage 7:        Once you have a manageable number of comps, start to go through them one by one and look at the pictures of each one.  This is where newer investors have a tough time.  if the house looks like the subject house will once the repair is 100% complete, put a check mark by it and use it as a comp.  If it’s a foreclosure, short sale, motivated seller, a house that needs work or is “well maintained” then it is not a true comp.  You need to determine the ARV (After Repaired Value) by houses that have already been fully repaired. 

Hopefully that helped a little.   All you need is a little practice and you will be able to do this entire process in no more 5min per house.  As always, if you need any help or assistance, don’t hesitate to call me.   If I’m a strong enough resource to you now, when it’s time for you to buy your next Texas investment property you know who to call.

JD Castillo
214-650-5493

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Jefferson Terrace Foreclosure

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Jefferson Terrace!! This area has proven itself over and over again to be a hot spot for real estate investors. This beautiful home includes original hardwood floors, mature trees/landscaping, custom cabinets, and a

great floor plan. The home shows very clean and with $20K in the budget you are going above and beyond to make this house shine over the competition.  Contact Ryan at 210-710-1617 for more information!

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