-
Provide 15 – 20 % conservative equity after purchase
cost, repairs, and fees
-
$200+ monthly cash flow above holding costs of PITI & management
-
Projections are based on conservative rental rates at 75% of value financing
-
Exclusively available financing requires about $10K cash needed per deal
Developing Opportunities
| 1. |
North side estate sale, 1628 sf 3-2-2 yb 1968, buying for $62.5K, needs $1 1K make ready, comps at $98K and should lease for $1000 - $1100.
|
| 2. |
NW REO, 1506 sf 3-2-2 yb 1979 , buying for $65K, needs $13K rehab, comps at $104K and should lease for $1050 - $1150.
|
| 3. |
(4) Pasadena 3-1’s yb 1053-55 brick rehabbed for retail and available at 80% LTV in good areas, $150 - $250 / mo. Projected positive cash flow.
|
Contracts Pending:
| 1. |
North side REO, 1380 sf 3-2-2 yb 1996, buying for $56K, needs rehab, comps for $88K and should lease for $950 - $1050.
|
| 2. |
NW REO, 1005 sf 3-1.5-2 yb 1972, buying for $45K, needs $16K rehab, comps at $79K and should lease for $800 - $900.
|
| 3. |
Spring seller downsizing, 1546 sf 3-2-2 yb 1976, buying for $54K, needs $12K rehab, comps for $89K and should lease for $1000 - $1050.
|
| 4. |
Kemah flood house, 1304 sf 3-2-2 yb 1965, buying for $52.5K, needs $26K rehab, comps for $120K and to be sold as a flip.
|
| 5. |
Mission Bend estate sale, 1940 sf 3-2-2 yb 1977, buying for $44K needs $35K rehab, comps at $103K and should lease for $950 - $1050. |
| 6. |
BW 8 & I-10 E, rehabber wants out, 1331 sf 3-2-1 yb 1984, can buy for $76,900, comps at $95K, already leased and made ready, $950 / m. |
| 7. |
249 inside BW 8, Rehabber wants out, 1673 sf 3-2-2 yb 1981, can buy for $77.5K, comps at $99K, needs no repairs and leased at $$1025 / mo. |
| 8. |
NW inside BW 8 estate sale, 1379 sf 3-2-2 yb 1983, buying for $53.5K, needs 21.5K rehab, comps at $95K and should lease for $975 / mo. |
Closed Opportunities:
| 1. |
Seller downsizing, 2232 sf 3-2.5 -2 master down yb 1983, bought for $75K, needs $16K rehab, comps at $118K and should lease for 1175 – 1275. closed 10/08.
|
| 2. |
North Houston REO, 1461 sf 3-2-2 yb 1999, buying for $65K, needs $7K repairs, comps for $93K and should lease for $925 - $1025. closed 10/08.
|
| 3. |
Missouri City pre-foreclosure, 2051 sf 4-2-2 yb 1981, buying for $74.5K, needs $12K rehab, comps at $120K and should lease for $1,100 - $1,200. closed 10/08. |
| 4. |
SW Houston seller relocated, 1766 sf 4-2-2 yb 1977, buying for $66K, needs $15.5K rehab, comps at $104K and should lease for $950 - $1050. closed 9/08. |
| 5. |
Missouri City rehabber can’t wait for retail sale, 2157 sf 4-2-2 yb 1976, bought for $91K, needs $5K repairs, comps at $125K and should lease for $1250 - $1350. closed 8/08. |
| 6. |
Northeast two leased houses, landlord needs out, 1036 sf 3-1.5-2 yb 1965 and 1458 sf 3-2-2 yb 1970, each leased for $825, buying for $56K and $61K, comp at $76K and $86K. closed 8/08 |
| 7. |
Pasadena estate sale, 2006 sf 4-3-2 yb 1963, includes efficiency apartment on back of house, buying for $75K, needs $25K rehab, comps at $125K and should lease for $1250 - $1350. closed 8/08. |
| 8. |
NW pre-foreclosure, 2139 sf 3-2-2 yb 1986, buying for $82K, needs $8K make ready, comps at $115K and should lease for $$1200 - $1300. closed 8/08. |
| 9. |
N. Houston landlord being foreclosed, 1504 sf 3-2-2 yb 1978, buying for $69K, needs $3K in repairs, comps for $90K and has $875 / mo. Tenant in place. closed 8/08. |
| 10. |
I-45 & BW 8 estate sale, 1501 sf 3-1.5-2(conversion) yb 1972 , bought for $51.5K, needs $13.5K rehab, comps for $85K and should lease for $875 - $975. (closed 7/08) |
| 11. |
NW 290 & BW 8 seller relocating, 1700 sf 3-2 yb 2001 on half acre with well and septic, bought for $50K, needs $8K work, will fix and sell retail for $95K. (closed 7/08 ) |
| 12. |
Spring REO, 1536 sf 3-2-2 yb 1982, can buy for $57K, needs $20.5K rehab, comps at $97K and should lease for $950 - $1050. (closed 7/08 ) |
| 13. |
SW Houston 59 & Gessner, estate sale, 1670 sf 4-2-2 yb 1958, can buy for $72K, needs $12.5K make ready, comps at $110K and should lease ofr $1000 / mo. (closed 7/08 ) |
| 14. |
Mo. City seller retiring, 1448 sf 3-2-2 yb 1982, can buy for $55K, needs $17.5K rehab, comps at $91K and should lease for $900 - $1,000 / mo. (closed 7/08 ) |
| 15. |
249 & BW 8, estate sale, 1501 sf 3-1.5-2 with well done garage conversion yb 1972, can buy for $56K, needs $12.5K make ready, comps at $87K and should lease for $875 - $975 / mo. (closed 7/08 ) |
| 16. |
SW REO, 1840 sf 4-2-2 yb 1978, buying for $50K, needs $26K repairs, comps at $100K and should lease for $950 - $1050. (closed 7/08 ) |
| 17. |
NW REO, 2105 sf 4-2.5-2 yb 1997, bought for $85.5K, needs $10K make ready, comps at $122K and should lease for $1100 - $1200. (closed 7/08 ) |
| 18. |
League City estate sale, 1389 sf 3-2-2 yb 1975, buying for $65K, needs $20K repairs, comps at $108K and should lease for $1000 - $1,100. (closed 6/08) |
| 19. |
Old Alvin estate sale, 1314 sf 3-1.5-2 yb 1960, buying for $50K, needs $21.5K repairs, comps at $92K and should lease for $900 - $1000. (closed 6/08) |
| 20. |
NW 290 & BW 8 seller downsizing, buying for $80K, needs $7.5K make ready, comps for $$119K and should lease for $1200 - $1300. (closed 6/08) |
| 21. |
SE Houston estate sale, 1228 sf 3-1 yb 1952, bought for $43K, needs $20K rehab, comps at $89K and should lease for $850 – 950. 5/08 |
| 22. |
E. side REO, 1263 sf 3-2-2 yb 1975, bought for $$60K, needs $15K rehab, comps at $93K and should lease for $900 – 1000. 5/08 |
| 23. |
Mo. City REO, 1558 sf 3-2-2 yb 1977, buying for 64.5K, needs $7K rehab, comps at $95K and should lease for 925 - $1025. 5/08 |
| 24. |
Spring REO, 1771 sf 3-2-2 yb 1976 master down, buying for $63.9K, needs $15K repairs, comps at $107K and should lease for $995 - $1045. 5/08 |
| 25. |
Mission Bend REO, 1886 sf 3-2-2 yb 1975, buying for $61.5K, needs $21.5K rehab, comps at $125K and should lease for $1100 - $1200 / mo. 5/08 |
| 26. |
Spring REO, 1707 sf 3-2-2 yb 1984, buying for $75K, needs $10K rehab, comps at $$114K and should lease for $1150 - $1250. |
| 27. |
Missouri City REO, 1570 sf 3-2-2 yb 1977, buying for $66K, needs $15.5K repairs, comps at $102K and should lease for $1025/mo. |
| 28. |
NW inside BW 8, landlord re-locating, 2205 sf 4-2-2 master down yb 1970 , buying for $81,500, needs $11.5K in repairs, comps for $116K and is leased for $1180 / mo. |
| 29. |
SE Houston landlord selling out, 1095 sf + 331 sf (4)-1 + conversion yb 1965, buying for $50K, needs $16K rehab, comps for 490K and should lease for $925 / mo. |
| 30. |
Spring foreclosure, 1324 sf 3-2-1 yb 1983 master down, bought for $61K, needs $14K rehab, comps at $95K and should lease for $950 / mo. 3/08 |
| 31. |
BW 8 & Westpark estate sale, 1159 sf 3-2-1 yb 1968, bought for $45.5K needs 23.5K rehab, comps for $89K and should lease for $900 / mo. 3/08 |
| 32. |
Far west Mission Bend pre-foreclosure, 1726 sf 3-2-2 yb 1989, bought for $87K, needs $7K make ready, comps at $118K and should lease $1,150 / mo. 3/08 |
| 33. |
NW 290 & BW 8 short sale, 1666 sf 3-2-2 yb 1978, buying for $65K, needs $15.5K repairs, comps for $102K and should lease for $1050 / mo. 3/08 |
| 34. |
Veterans Memorial & BW 8 REO, 1741 sf 4-2-2 yb 1981, buying for $59K, needs $12K rehab, comps at $105K and should lease for $995. 3/08 |
| 35. |
Sharpstown estate sale, 1707 sf 3-2-2 yb 1970, buying for $88K, needs $15.5K in rehab, comps for $126,500 and should lease for $1100. 2/08 |
| 36. |
Baytown pre-foreclosure, 1221 sf 4-2-2 yb 1979, buying for $62K, needs $11.5K repairs, comps at $99K and should lease for $1000 / mo. 2/08 |
| 37. |
Porter pre-foreclosure, 1510 sf 3-2-2 yb 1979, buying for $63K, needs $15K in repairs, comps at $98K and should lease for $950 – 1050. 2/08 |
| 38. |
Bacliff pre-foreclosure, 1302 sf 3-2-2 (2) sty yb 1996, buying for $78K, needs $12.5K make ready, comps for $113K and should lease for $1050 - $1150. 2/08 |
| 39. |
La Porte near port REO, 1800 sf 4-2-2 yb 1963, buying for $55K, needs $33K rehab, comps at $118K and should lease for $1150 - $1250. 2/08 (Bay Colony) |
| 40. |
SE near Hobby, rehabber needs out, 1335 sf 3-2-2 yb 1981, rental ready, nicely rehabbed, can buy for $82K and comps at $102K, should lease for $1025 / mo. 2/08 |
| 41. |
North side Greenspoint area, seller moved up, can’t wait for retail, 1402 sf 3-2 + 1 car conversion yb 1971, bought for $73K, needs $6K make ready, comps for $105K and should lease for $950 / mo. (closed 1/08) |
| 42. |
I 45 S inside 610 sellers downsizing, 1786 sf 4-2 yb 1988 hardiplank on block, buying for $55K, needs $12K make ready, comps at $93K and should lease for $1,000 - $1,100. (closed 1/08) |
| 43. |
Mission Bend REO, 1456 sf 3-2-2 yb 1976, buying for $60K and needs $19K rehab, comps at $97K and should lease for $900 - $1,000. (closed 1/07) |
| 44. |
TX City rehab can’t wait for retail, 1265 sf 3-1 + conv yb 1968, buying for $73K, comps at $85K, leased for $825 / m. (closed 1/07) |
| 45. |
Channelview pre-foreclosure, 1160 sf 3-2-2 yb 1998, can buy for $$74K, needs $4K make ready, comps for $89K and should lease for $875-975. (closed 1/07) |
| 46. |
Spring pre-foreclosure, 1360 sf 3-2-2 yb 1981, buying for $72K, needs $11.5K make ready, comps at $101K and should lease for $950 - $1050. (closed 1/07) |
| 47. |
I-45 S at BW 8 estate sale, 1563 sf 3-2-2 yb 1974, buying for $46K, needs $42K rehab, comps at $111K and should lease for 900 – 1000. (closed 1/07) |
| 48. |
45 S at BW 8 seller downsizing, 1975 sf 4-2-2 yb 1968, buying for $88K and needs $6K make ready, should lease for $1125 – 1225. (closed 1/07) |
| 49. |
Bear Creek short sale, 1454 sf 3-2-2 yb 2005, buying for $88K, needs no repairs, tenant in place pays $1050 / m. (closed 11/07) |
| 50. |
Pasadena estate sale, 925 sf 3-1-1 yb 1954, buying for $46K, needs $13K in rehab, comps at $75K and should lease for $775-875. (closed 11/07) |
| 51. |
Galleria area seller downsizing, 1807 sf 3-2-2 yb 1964, buying for $140K, needs $10K work, will sell retail for $195K as flip. (closed 11/07) |
| 52. |
Channelview unfinished rehab, 1538 sf 3-2-2 yb 1980, buying for $65K, needs $19K in rehab, comps at $106K and should lease for $975 - $1075. (closed 11/07) |
| 53. |
Old town Spring estate sale, 1419 sf 3/4-2-2 yb 1959, buying for $57K, needs $23.5K repairs, comps at $102K and should lease for $900 - $1000. (closed 11/07) |
| 54. |
Northwest inside BW 8, unfinished rehab, 1874 sf 4-2-2 yb 1979, bought for $64K, needs $18K rehab, comps at $102K and should lease for $1,000 - $1,100. (closed 10/07) |
| 55. |
Mission Bend older seller downsizing, 1511 sf 3-2-2 yb 1976, bought for $63K, needs $12.5K rehab, comps for $94K and should lease for $900 - $1,000. (closed 10/07) |
| 56. |
NW outside 1960, seller re-locating, 1477 sf 3-2-2 by 1979, bought for $66K, needs $11K rehab, comps for $100K and should lease for $900 - $1,000. (closed 10/07) |
| 57. |
Mo. City pre-foreclosure, 1676 sf 3-2-2 yb 1976, bought for $88.4K, needs $6.5K rehab, comps at $115K and should lease for $1050 - $1150. (closed 10/07) |
| 58. |
Mo. City REO, 1450 sf 3-2-2 yb 1984, house comps at $95K, can buy for $61K and needs 18.5K rehab including roof & hvac, should lease for $1050 - $1150. (closed 10/07) |
| 59. |
Spring landlord wants out, 1662 sf 3-2-1 yb 1980, can buy for $77K, needs $12K rehab, comps at $113K and should lease for $1000 - $1100. (closed 10/07) |
| 60. |
I-10 East at BW 8 pre-foreclosure 1400 sf 3-2-2 yb 1979, buying for $65K, needs $12.5K rehab, comps at $97K and should lease for $1000 / mo. (closed 10/07) |
| 61. |
NE side new construction, builder fire sale, 1100 sf 3-2 yb 2006, new tenant for $920, can buy for $82K and comps for $92K. (closed 08/07) |
| 62. |
Estate sale, Mission Glen, 1561 sf 3-2-2 yb 1983, buying for $77K, needs $11K rehab, should lease for $1050 - $1150. (closed 08/07) |
| 63. |
Mo. City estate sale, 1636 sf 3-2-2 yb 1972, buying for $68K, comps for $103K, needs $17.5K rehab, should lease for $925 - $1025. (closed 08/07) |
| 64. |
Katy REO, 2064sf, 3/2.5, YB 2004, buying for 97.5K, comps at $130K, needs $4K make ready and should lease for $1200 - $1300. (closed 08/07) |
| 65. |
NW / Spring estate sale, 1354 sf 3-2-2 yb 1975, bought for $46K, needs $24K rehab including roof, foundation and hvac, comps at $88K and should lease for $900 - $1000 (closed 07/07) |
| 66. |
Alief seller downsizing, 1418 sf 3-2-1 yb 1984, buying for $67.5K, needs $16.5K rehab, comps at $108K and should lease for $1000 - $1100. (closed 07/07) |
| 67. |
Baytown estate sale, 1607 sf 3-3 yb 1954, buying for $47K, needs $19K make ready, comps at 87K and should lease for $900 - $1000. (closed 07/07) |
| 68. |
Bear Creek out of state landlord selling out, 1693 sf 3-2-2 yb 1976, bought for $68K, needs $9K rehab, comps at $97K and should lease for $900 - $1000. (closed 06/07) |
| 69. |
Dickinson estate sale, 1556 sf 3-2-2 yb 1967, buying for 73K, needs $18K make ready, comps at $112K and should lease for $1,000 - $1,100. closed 06/07 |
| 70. |
Pasadena distress sale, 1693 sf 4-2 yb 1963, buying for $73K, needs $17K make ready, comps at $116K and should lease for $1,100 - $1,200. closed 06/07 |
| 71. |
Friendswood estate sale, 1613 sf 3-2-2 yb 1975, buying for $77K, needs $22K make ready, comps at $122K and should lease for $1,100 - $1,200. closed 06/07 |
| 72. |
BW 8 & 59 S, seller relocated, two story master down 2091 sf 3-2.5-2 yb 1977, buying for $77K, needs $9K repairs, comps at $118K and should lease for $1100 - $1,200. closed 06/07 |
| 73. |
Pasadena seller moving up, 1272 sf 3-1-1 yb 1955, can buy for $46.5K, needs $14K make ready for retail sale, will sell as flip for $95K netting $15K + to IRA. closed 07/07 |
| 74. |
TX City estate sale, 1778 sf 3-3-2 yb 1975 brick, can buy for $38K, needs $20K rehab, comps at $85K and should lease at $875 - $975 |
| 75. |
I-45 S and BW 8, landlord selling out, 2383 sf 5-2.5 -2 master down yb 1966, can buy for $88K, needs $15K make ready, comps at $132K and should lease for $1250 - $1350. closed 07/07 |
| 76. |
Southside 288 & 610, developer selling out, two new 1550 sf 3-2.5-2 yb 2007, buying for $94K, need $5K appliances, blinds and hvac, comp at $125K and should lease for $1,100 - $1,200. closed 07/07 |
| 77. |
Atascocita seller’s former home, 1966 sf 3-2-2 yb 1983 master down, updated kitchen & baths, needs $7.5K repairs, buying for $80K and comps for $106K, already leased for $1100 / m. closed 06/07 |
| 78. |
NE landlord selling out, 1090sf, 3/1/1, YB 1981, bought
for 45.5K, needs $8K repairs, comps at $70K and leased for $750. (Valley
Wind) closed 5/07 |
| 79. |
NE landlord selling out, 1453sf, 3/1.5/2, YB 1960,
bought for 69.5K, needs $13K repairs, comps at $100K and is leased
for $900. (Sunnywood) closed 5/07 |
| 80. |
Spring seller can’t wait for retail, 2304 sf
4-2.5 yb 1975, comps at $122K, buying for $90K and needs $5K make
ready, should lease for $1,150 - $1,250. (Briarcrest) closed 5/07 |
| 81. |
Developer special, two 2418 sf (2) 3-2 duplex units
yb 2006, bought for $162.5K, appraised at $178K, leased for $1800
each. (Maddux & Rev. BJ Lewis) closed 5/07 |
| 82. |
Spring short sale, 1739 sf 4-2-2 yb 1979 leased for
$1150 can buy for $85K, needs $2.5K repairs, comps at $106K. (Alshire)
closed 5/07 |
| 83. |
Southwest Houston seller could not wait for retail,
1875 sf 3-2-2 yb 1979, comps at $110K, bought for $78K, needs $11K
make ready and should lease for $1000 - $1100. (Coachfield) (Closed
April 2007) |
| 84. |
Atascocita short sale, 1790 sf 4-2-2 yb 1977, can
buy for $77K, needs $13K make ready, comps for $109K and should lease
for $1,100. (Straight Arrow) (Closed 04/07) |
| 85. |
Porter estate sale, 1290 sf 3-1.5-2 yb 1969, can buy
for $35K, needs $19K rehab including major foundation work, comps
at $80K and should lease for $850. (Holly) (Closed 04/07) |
| 86. |
Spring short sale, 1609 sf 4-2-2 yb 1979, buying for
$76K, needs $8K rehab, comps for $105K and should lease for $995 -
$1095. (Closed 03/07) |
| 87. |
Near Heights triplex REO, buying for $110K, needs $36K
rehab, comps at $180K and should generate $1,800 / m rent. (Cordell)
(Closed 03/07) |
| 88. |
Package of 5 leased, rehabbed homes at 85% of midpoint
comp less allowances for deferred maintenance. (Closed 0307) |
| 89. |
Package of 20 mostly leased, rehabbed homes, most in
NW Houston, being purchased at 88% of mid point comp less deferred
maintenance for market rent tenants, 85% for vacant properties requiring
minor make ready and leasing. Being sold to several buyers. (closed
03/07) |
| 90. |
Vet. Mem. & West Rd, family moved to larger home,
1251 sf 3-1.5 yb 1972, bought for $52K, needs $13K rehab, comps at
$85K and will lease for $825 – 925. (closed 2-07) |
| 91. |
I 45 & Aldine mail route, landlord selling out,
1210 sf 3-1.5 yb 1967, buying for $57K, needs $15K rehab, comps at
$94K and should lease for $875 - $975. (closed 2-07) |
| 92. |
Southside seller building new home, 1284 sf 3-1
w/ conv. Yb 1960 , bought for $55K, needs $3.5K make ready, comps
at $77K and should lease for $750 - $850. (closed 01/07) |
| 93. |
Katy REO 1684 sf 3-2-2 yb 2003 bought for $95K,
needs $1.5K make ready, comps at $115,000 and should lease for $1100
- $1200. (closed 01/07) |
| 94. |
Pasadena seller moving up, 1817 sf, 3/2/2 YB 1980,
can buy for $83.5K, needs $15K make ready, comps for $120K and should
lease for $1,175 - $1,275. (closed 01/07) |
| 95. |
Spring Branch landlord selling out, 1536 sf 3-2
yb 1961, freshly remodeled, can buy for $98.5K, retails for $117K,
already leased for $950 though comps show should be $1,050 - $1,150.
(closed 01/07) |
| 96. |
SW Houston Bissonnet at BW 8, pre-foreclosure, 1792
sf 3-2-2 yb 1975, nice house with many upgrades, can buy for $82K,
needs $6.5K make ready, comps for $116K and should lease for $995
- $1,195. (closed 01/07) |
| 97. |
45S & 610, seller moving up, 1206 sf 3-1-1 yb
1950, buying for $44K, needs $10.5K rehab, comps for $78K and should
lease for $725-825. closed 12/06. |
| 98. |
Katy seller moving to new home, 2200 sf 4-2.5 yb
1980 with pool, can buy for $90K, needs $18K rehab, will sell retail
as flip for $160K. closed 12/06. |
| 99. |
Westpark & Dairy Ashford, 2184 sf 3-2.5 yb 1976,
rehabbed rent house, can buy for $101K, comps at $118K and has new
tenant paying $1100. closed 12/06. |
| 100. |
288 just inside BW 8, estate sale, 1600 sf 3-2-2
yb 1956, can buy for $20K, needs $35K rehab, will sell retail for
$85K as flip. closed 12/06. |
| 101. |
290 & BW 8, Landlord selling out, 1360 sf 4-2-2
yb 1983, can buy for $79K, needs $8.5K cosmetic make ready, comps
at $114K and should lease for $1000 - $1100. closed 12/06. |
| 102. |
45N & Little York, older family downsizing,
2162 sf 4-2-2 yb 1963, buying for $62K, needs $30K major rehab,
will sell as flip for $135 - $140K. closed 12/06. |
| 103. |
45S & 610, seller moving up, 1206 sf 3-1-1 yb
1950, buying for $44K, needs $10.5K rehab, comps for $78K and should
lease for $725-825. closed 12/06. |
104.
|
Katy seller moving to new home, 2200 sf 4-2.5 yb
1980 with pool, can buy for $90K, needs $18K rehab, will sell retail
as flip for $160K. closed 12/06. |
| 105. |
Westpark & Dairy Ashford, 2184 sf 3-2.5 yb 1976,
rehabbed rent house, can buy for $101K, comps at $118K and has new
tenant paying $1100. closed 12/06. |
| 106. |
288 just inside BW 8, estate sale, 1600 sf 3-2-2
yb 1956, can buy for $20K, needs $35K rehab, will sell retail for
$85K as flip. closed 12/06. |
| 107. |
290 & BW 8, Landlord selling out, 1360 sf 4-2-2
yb 1983, can buy for $79K, needs $8.5K cosmetic make ready, comps
at $114K and should lease for $1000 - $1100. closed 12/06. |
| 108. |
45N & Little York, older family downsizing,
2162 sf 4-2-2 yb 1963, buying for $62K, needs $30K major rehab,
will sell as flip for $135 - $140K. closed 12/06. |
| 109. |
Rice Military foreclosure, 2206 sf 3-2-2 townhome
yb 2002, bought for $248K, needs $10K repairs, comps at $325K, owner
will live there. closed 10/06 |
| 110. |
290 & 1960, seller moved, 1855 sf 3-2-2 yb 1978,
bought for $123K, needs $8K repairs, comps at $162k, owner will
live there. closed 10/06 |
| 111. |
Southwest Houston seller tired of awaiting retail,
1853 sf 4-2-2 yb 1981, can buy for $90K, needs $3K make ready, comps
at $119K and should lease for should lease for $1100 - $1200. closed
10/06 |
| 112. |
Humble estate sale, 1671 sf 3-2-1 yb 1984, buying
for $58K, needs $18K rehab, comps at $100K and should lease for
$$950 – 1050 closed 10/06 |
| 113. |
Pasadena estate sale, 1326 sf 3-1-1 yb 1952, buying
for $53K, needs $12.5K rehab, comps at $82K and will lease for $800
– 900. closed 10/06 |
| 114. |
Southside sellers moved to new home, 918 sf 3-1-1
yb 1950, bought for $38K, needs $12.5K rehab, comps for $72K and
should lease for $750 – 850. closed 10/06 |
| 115. |
I-45S & BW 8, sellers bought new house, 1791
sf 3-2-2 yb 1981, buying for $99K, needs $4.5K minor make ready,
comps for $128K and will lease for $1150 - $1250. closed 10/06 |
| 116. |
Spring sellers bought new house, 1678 sf 3-2-2 yb
1978, can buy for $70K, needs $12K make ready, comps at $$99K and
should lease for $950 - $1050. closed 10/06 |
| 117. |
Sugarland pre-foreclosure, 1544 sf 3-2-2 yb 1980,
can buy for $80K, needs $6K make ready, comps at $108K and should
lease for 950 - $1050. closed 10/06 |
| 118. |
Pasadena sellers bought new home, 1568 sf 2-1-2-2
yb 1977 townhouse, buying for $61K, needs $2.5K make ready, will
sell retail as flip for $90K. closed 10/06 |
| 119. |
BW 8 and 45 S., landlord selling out, 1877 sf 3-2
yb 1976 one story, bought for $55K, needs $36K rehab including major
foundation & plumbing, comps at $118K and should lease for $1150
– 1250. closed 10/05 |
| 120. |
610 & 59N, short sale, 1400 sf 3-2 yb 2004,
needs carpet and paint touch up for $3K, can buy for $77K, comps
at $96K, should lease for $900 - $1,000. closed 10/05 |
| 121. |
South landlord selling out, 1456 sf 3-1.5 yb 1855,
buying for $51K, needs $10K rehab, comps at $85K and should lease
for $800 – 900. closed 10/05 |
| 122. |
Southwest estate sale, 1593 sf 3-2 yb 1982, buying
for $68K, needs $13K rehab, comps at $99K and should lease for $1,000
- $1,100. closed 10/05 |
| 123. |
Mid-town investor cashing in, two 2,800 sf brick
four-plexes, yb 1940, 1-1’s with hardwoods, centrals, good
location, buying for $247.5K, needs $50K in upgrades, worth $650
- $700K, rents of $650 as is, should go to $750 per unit. closed
10/05 |
| 124. |
Katy pre-foreclosure, 1366 sf 3-2 yb 1979, needs
$14K repairs, comps at $87K, buy for $57K, will lease for $850 -
$950. closed 10/05 |
| 125. |
Fondren SW foreclosure, 1701 sf 3-2 yb 1977,comps
at $104K, buying for $67.5K, needs $14.5K rehab, and will lease
for $950 - $1050. closed 10/05 |
| 126. |
SW Houston landlord selling out, 1672 sf 3-2 yb
1954, nice neighborhood, buying for $77K, needs $18K rehab, comps
at $132K, will sell owner finance netting $5K cash and $250/m cash
flow. closed 10/05 |
| 127. |
NW just outside BW 8, 1416 sf 3-2-2 patio home yb
1983, can buy for $63K, needs $14K rehab, comps at $98K and should
lease for $950 - $1,050. closed 10/05 |
| 128. |
Pasadena estate sale, 1907 sf 3-2-2 yb 1977 on double
lot, bought for $80K, will rehab for $15K, and sell retail for $140K
as flip. Closed 09/06 |
| 129.` |
Pasadena landlord selling out, 1509 sf 3-1 with
gar. Conversion, bought for $50K, rehab for 19.5K, should retail
for $88K as flip. Closed 09/06 |
| 130. |
TX City pre-foreclosure, 1265 sf 3-1 w/ garage conversion,
bought for $37K, rehabbing for $18K, should sell for $82K as flip.
Closed 09/06 |
| 131. |
Spring pre-closure, 1418 sf 3-2-2 yb 1977, bought
for $72K, needed $4.5K make ready, comps at $96K and should lease
for $975 - $1075. Closed 09/06 |
| 132. |
North East side near BW 8, out of state landlord
wants out, 1281 sf 3-2-2 yb 1980, can buy for $57.5K, needs $12K
make ready, comps at $90K and should lease for $900 – 1000.
Closed 09/06 |
| 133. |
East side inside BW 8, seller relocating out of
state, 1630 sf 3 or 4-2-2 yb 1978, needs $9K make ready, buying
for $64K, comps at $90K, should lease for $900 – 1000. Closed
09/06 |
| 134. |
Northwest inside BW 8, pre-foreclosure, 1876 sf
3-2-2 yb 1979, buying for $79K, needs $11K rehab, comps for $110K
and should lease for $1,050 - $1,150. Closed 09/06 |
| 135. |
TX City seller needs nursing home, 1123 sf 3-1 yb
1970, buying for $42K, needs $11.5K rehab, comps for $72K and should
lease for $750 - $850. Closed 09/06 |
| 136. |
Kemah retiree selling out, 1296 sf 3-2 on oversized
lot yb 1965 needs everything, $50K rehab, buying for $55K, should
retail for $145K + for $20K+ net to investor. Closed 09/06 |
| 137. |
Sugarland seller could not finish remodel, 1686
sf 3-2-2 yb 1979, needs remodel finished, new roof, hvac, needs
final cosmetics $8K, can buy for $80K, comps at $107K and should
lease for $1000 – 1100. Closed 09/06 |
| 138. |
Northwest just inside BW 8, seller bought new home,
1785 sf 4-2 yb 1979, needs $14K rehab including new hvac, bought
for $80K, comps at $110K, and should lease for $1150 - $1250. closed
08/06 |
| 139. |
288 S. & Fuqua, estate sale, 1519 sf 3-2-2
yb 1965 needs $12.5K rehab, buying for $66K, comps at $97K and should
lease for $950 - $1,050 / mo. closed 08/06 |
| 140. |
Texas City short sale, 1738 sf 4 - 2 - 2 yb 1977,
needs $27K rehab, buying for $41K, comps at $85K, should lease for
$900 - $1,000. closed 08/06 |
| 141. |
Pasadena short sale, 1314 sf 3-1 yb 1952 needs
$32K rehab for retail, buying for $33K, will sell for $91K+ for
$17K net to investor as flip. closed 08/06 |
| 142. |
NW foreclosure, 1279 sf 3-1 yb 1982, great rental
area, buying for $70K, needs $9.5K make ready, comps at $94K and
will lease for 950 – 1050. closed 08/06 |
| 143. |
Sugarland seller moved to new home, 2136 sf 4-2-2
yb 1973 one story needs flooring, paint, fnd, hvac, roof, $25K rehab,
buying for $80K, house comps at $135K and should lease for $1200
- $1300 per mo. closed 08/06 |
| 144. |
Near Northeast, developer selling out, package
of two brand new 1150 sf 3-2 new homes, $80K each and comp for $94K,
should lease for 950 - $1,050. (W. Knoll, Hamlet) closed 07/06. |
| 145. |
Southside estate sale, 1044 sf 3-1 yb 1955, can
buy for $41K, needs $8K rehab, comps at $70K and should lease for
$700 - $800. (Sierra) closed 07/06. |
| 146. |
Southside 288 & BW 8 estate sale, 1211 sf 3-1.5
yb 1970, buying for $44K, needs $14K rehab, comps at $80K and will
lease for $800 - $900. (Southbridge) closed 07/06. |
| 147. |
Westchase retirees downsizing, 2657 sf 4-2 yb 1964
with pool, buying for $150K, needs $30K rehab, will retail for $230K
as IRA flip. (Piping Rock) closed 07/06. |
| 148. |
Katy pre-foreclosure, 1629 sf 3-2 yb 1962, can buy
for $85K and needs $10K make ready, comps at $119K and should lease
for $1100 – 1200. (Spillers) closed 07/06. |
| 149. |
Near North estate sale, 1078 sf 3-2 yb 1982, bought
for $50K, needs $18K rehab, comps at $85K and should lease for 850
– 950. closed 6/06 |
| 150. |
Texas city estate sale, 1218 sf 3-1 yb 1969, great
area, bought for $49K, needs $10K rehab, comps at 83 and will rent
for $850 - $950. closed 6/06 |
| 151. |
Texas City landlord selling out, 1345 sf 3-2 yb
1964 in popular area, can buy for 60K, needs $20K rehab, comps at
$100K and will lease for $1050 - $1150. closed 6/06 |
| 152. |
Near North foreclosure / REO, 1481 sf 3-2 yb 1965
with nice pool and detached garage, buying for $84K, needs $17K
rehab, will sell owner finance for $125K and $1200 or more per month.
Closed 6/06 |
| 153. |
Spring pre-foreclosure, 1900 sf 3-2 yb 1979, buying
for $87K, needs $9K make ready, comps at $116K and will lease for
$1,100 - $1,200. closed 6/06 |
| 154. |
Spring REO, 1728 sf 3-2 yb 1977, buying for $89K,
needs 4.5K make ready, comps at $110K and will lease for $1100 –
1200. closed 6/06 |
| 155. |
Texas City pre-foreclosure, 1137 sf 3-1 yb 1970,
near med center and college, buying for $56K, needs $4.5K make ready,
comps at $80K and will lease for $850 – 950. closed 6/06 |
| 156. |
Friendswood landlord selling out, 1313 sf 3-2 with
one garage converted, low taxes, buying for 76K, needs $13K rehab,
house comps at $106K and will lease for $1000 – 1100. closed
5/06 (Forest Bend) |
| 157. |
Kingwood bank owned foreclosure, 2101 sf 4-2.5 with
master down yb 1983, buying house for $106K, needs $7K rehab, house
comps at $137K and will lease for $1250 - $1350. closed 5/06 (Creek
Shadows) |
| 158. |
BW 8 & Richmond (West side) preforeclosure,
2396 sf 4-2.5 yb 1983 patio home, buying for $96K, needs $22K rehab,
will sell retail for $175K netting $40K + to IRA. closed 5/06 (Beaconshire) |
| 159. |
Telephone Rd and 45 S, seller moving closer to work,
1218 sf 2-1 yb 1910 brick bungalow with garage effic. Apt, buying
for $65K, house needs $20K rehab, garage apt. $12K, comps at $115K
and should lease for $1000 – 1100. closed 4/06 |
| 160. |
NW Copperfield area, seller moving out of town,
1747 sf 3-2 yb 1978, comps at $103K, buying for 69.5K, needs $14K
rehab, should lease for $925 – 1025. closed 4/06 |
| 161. |
LaPorte seller downsizing, 2014 sf 3-2.5 one story,
comps at $120K, buying for $85K and needs $15K rehab, will lease
for $1100 - $1,200. closed 4/06 |
| 162. |
BW 8 and I 45 S seller downsizing and paying off
debts, 2300 sf 4-2 master down, comps at $135K, buying for $110K,
needs $10K work and should lease for $1250 – 1350. Closed
3/06 |
| 163. |
Mission Bend out of state landlord selling out,
1395 sf 3-2 yb 1974, needs $9K in repairs, buying for $75K, comps
at $101K and should lease for $925 - $1025. Closed 3/06 |
| 164. |
Westchase at BW 8, great area, seller moving, fee
simple attached patiohome, 1402 sf 2-2 w/ det. Gar., buying for
$77K, needs $8K cosmetic updating, will sell for $115K with wrap
owner financing for $1300 / m with $950 PITI, mgt, condo fee for
$350 / month cash flow and no money invested after refi. Closed
3/06 |
| 165. |
I-45 South between 610 and BW 8, estate sale, 1733
sf 3-2 with 432 sf addition yb 1957, bought for 64K, needs $32K
rehab including major foundation, comps at $131K and will lease
for $1150 - $1250. closed 2/06 |
| 166. |
Deer Park estate sale, 1465 sf 4-2 yb 1968, , buying
for $74K, needs $14K rehab, comps at $117K and should lease for
$1050 - $1150. closed 2/06 |
| 167. |
Southside landlord selling out, 2336 sf 3-2 yb 1965,
buying for 57K, needs $26K rehab, comps at $105K and should lease
for $950 - $1,050. closed 2/06 |
| 168. |
Westchase area, out of state owner, 1802 sf 4-2
one story yb 1974, buying for 92K, needs $20K rehab, comps at $145K
and should lease for $1200 - $1,300. closed 2/06 |
| 169. |
Southwest pre-foreclosure, 2080 sf 3-2 yb 1975,
buying for $78K, needs $12.5K rehab, comps at $123K and should lease
for $1050 - $1150. (Hummingbird) |
| 170. |
Sunnyside, abandoned house, 1292 sf 3-1.5 yb 1955,
buying for $28K, needs $30 K rehab, IRA flip should sell for $75K
and net IRA $12K + on $60K investment. (Northridge) |
| 171. |
Mo. City pre-foreclosure, 1582 sf 3-2 yb 1974, can
buy for $58K, needs $23K rehab, comps for $100K and should lease
for $900 - $1,000 (Stillmeadow) |
| 172. |
LaPorte pre-foreclosure, 1840 sf 3-2 yb 1988, buying
for $72K, needs $7K repairs, comps at $105K and should lease for
950 – 1,050. (Carlow) |
| 173. |
Greenway Plaza, landlord selling out, 2688 sf 4-2
duplex yb 1944, nice condition, behind HISD re-development, buying
for $282,500, comps at $350,000, needs $10K repairs, should lease
for $1200 per unit. (W. Main) |
| 174. |
Sante Fe (SE) abandoned house, 1292 sf 3-2 yb 1968,
can buy for $35K, needs $35K total cosmetic rehab plus garage for
$45K rehab, comps at $105K and should lease for $925 - $1,025. (Avenue
O) |
| 175. |
Spring Branch landlord selling out, 1578 sf 3-2
yb 1955, can buy for $61K, needs $27K rehab, comps at $115K and
should lease for $950 - $1,050. (Long Ridge) |
| 176. |
BW 8 & 290 (NW) pre-foreclosure, 1655 sf 3-2
yb 1982 w. gar. Conv, bought for $75K, needs $11.5K rehab, comps
at $105K and should lease for $1,000 - $1,100. closed 12/05 |
| 177. |
Sugarland pre-foreclosure, 1122 df 3-1.5 yb 1983
– can buy for $61K, needs $12K rehab, comps at $92K and should
lease for $875 - $975. closed 12/05 |
| 178. |
Shoreacres (LaPorte) REO, 1236 sf 3-2 yb 1974 w/
300 sf addition, buying for $60K, needs $12K rehab, comps at $110K
and should lease for $950 - $1,050. closed 12/05 |
| 179. |
Southside pre-foreclosure 1531 sf 3-2 yb 1960, buying
for $38.5K, needs $28K rehab, comps at $85K and should lease for
$900 – 1,000. closed 12/05 |
| 180. |
Friendswood landlord selling out, 1415 sf 3-2 yb
1973, bought for $65K, needs $12.5K rehab, comps at $105K and should
lease for $1,050 - $1,150. |
| 181. |
I 45 and BW 8, pre-foreclosure, 1570 sf 3-2 yb 1979,
can buy for $82K, needs $12K repairs, comps at $93K and should lease
for $875 - $975. |
| 182. |
Alief owner transferred 1847 sf 3-2 yb 1978, bought
for $81K, needs $9K rehab, comps at $113K and should lease for $1,025
– 1,125. |
| 183. |
SW Houston relocation, 1349 sf 3-2 yb 1950, needs
major foundation repair but house otherwise many upgrades, buying
for $68,000, needs $16K repairs, comps at $109K and should lease
for $900 - $1,000. |
| 184. |
288 S and BW 8, short sale, 1199 sf 2-1.5 yb 1977,
buying for $40K, needs $23K reapairs, comps at 86K and should lease
for $$795 - $895. |
| 185. |
LaPorte, pre-foreclosure, 1540 sf 3-2 needs roof,
cosmetics, buying for $65K, needs $25K make ready including major
foundation, comps at $112K and should lease for $975 - $1,075. |
(Bar to right describing our Program) >>
|
|
Complete Property Services
and Home Direct Lending host a monthly Investor
Seminar at 3730 Kirby Drive, in the Southwest Financial Building, in the second floor conference
room. This building is just North of Highway
59 on the left, with a parking garage behind
the building.
Schedule:
7:00 – 8:00 pm: Overview and Recent
Deal Review of how CPS helps clients
build wealth and recurring passive income
through sourcing, closing, financing and managing
investment properties.
8:00 – 9:00 pm: Monthly
Featured Special Guest as well as our monthly
market update.
Please reserve a place through an
email to gdickson@forcps.com.
We look forward to visiting with you! |
| Complete
Property Services Investor Services Complete
Property Services helps facilitate efficient
investment in and management of superior
return rental property. Complete Property
Services seeks to:
- Actively identify and qualify distressed
property opportunities.
- Find opportunities to rehab discounted
properties that need work, offering a chance
to exceed the returns available through
purchase of retail ready property.
- Provide referrals to enable clients to
establish professional relationships with
investment property oriented Mortgage Lenders
and Advisors, Inspectors, Accountants,
Attorneys and Contractors.
- Help clients trade property with each
other, saving some transaction costs.
Complete Property Services and its referral
relationships offer a single source real estate
investment advisory, management, and funding
capability for client participation on a turnkey,
standardized basis. By leveraging economies
of scale and cross referral, costs to clients
can be minimized while providing a less time
consuming and more efficient way to invest in
real estate. While clients are encouraged to
utilize their own Accountant, Mortgage Broker,
Attorney, CPA or other advisory relationships,
they may also elect to use professionals who
Complete Property Services can refer as qualified
and appropriate to assist in the investment
process.
This full service approach streamlines and simplifies
establishing a long-term wealth and income building
exposure to real estate, and provides a focused,
quality management solution conducive to generating
anticipated returns.
For clients who
have a demonstrated readiness to purchase,
standardized property descriptions
and financial analysis are provided upon
request. The client then works with his
Realtor and /
or the seller / Realtor to finalize and
close each deal. Please contact Glenn Dickson,
President of Complete Property Services,
to learn more
about certain of these listings or about
acquiring assistance in the investment
process.
gdickson@forcps.com
713-942-7119 Direct
Disclaimer
WHENEVER AN INDIVIDUAL BUYER DECIDES
TO PURCHASE REAL ESTATE FOR HIS/HER PERSONAL
INVESTMENT PURPOSE, THERE ARE RISKS THAT MUST
BE CONSIDERED. THESE RISKS INCLUDE PROPERTY
DEPRECIATION, DOWNTURN IN THE ECONOMY, DECREASE
IN RENTS, INCREASES IN MAINTENANCE EXPENSES,
CASUALTY LOSS, AND THE LIKE. WHILE THIS SUMMARY
HAS OUTLINED CERTAIN PROJECTED AND/OR ANTICIPATED
RETURNS, EVERY CLIENT MUST FULLY REALIZE THAT
THESE ARE ESTIMATES ONLY BASED UPON PRESENT
DAY PROJECTIONS AND NO CLIENT SHOULD RELY UPON
SUCH PROJECTIONS AND ESTIMATES IN THEIR DECISION
TO PURCHASE A SPECIFIC PROPERTY, AS THEIR RETURN
MAY BE MORE OR LESS. COMPLETE PROPERTY SERVICES
IS NOT SELLING OR PROVIDING ANY INVESTMENT CONTRACT
OR INVESTMENT OPPORTUNITY AND EACH CLIENT MUST
INDIVIDUALLY EVALUATE UTILIZING THEIR OWN JUDGMENT
THE MERITS AND POTENTIAL PROFITS AND/OR LOSSES
OF BUYING ANY SPECIFIC PROPERTY. NO REPRESENTATION
OR WARRANTY IS MADE AS TO ANY SPECIFIC RATE
OF RETURN OR PROFIT AS TO ANY PROPERTY. |
|
