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.

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)

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)

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)

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)

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)

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)

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)

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

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

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

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

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

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)

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)

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)

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)

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)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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 09/06ß

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

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

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

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

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

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

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

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

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

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

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.

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.

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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. closed 1/06

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. closed 1/06

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 closed 1/06

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. closed 1/06

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. closed 1/06

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. closed 1/06

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. closed 1/06

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 12/05ß

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

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

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. closed 11/05

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. closed 11/05

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. closed 11/05

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. closed 11/05

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. closed 11/05

I 10 East & BW 8, pre-foreclosure, 1255 sf 4-2 yb 1982 with many newer in hood, buying for $62K, needs $10K make ready, comps for $90K and should lease for $850 - $950. closed 11/05

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

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

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

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

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

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

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

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

Katy seller bought new home, needs old gone, 1830 sf 3-2 yb 1979, bought for $78K, needs $8K repairs, comps at $110K and should lease for $1050 - $1150. closed 8/05

Southwest pre-foreclosure, 2242 sf 4-2.5 two story yb 80 with master down, comps at $134K, buying for $95K, needs $10K rehab, will lease for $1300 - $1400 per month. closed 8/05

SW (Houston side of Miss. City) short sale, 1802 sf 4-2 yb 1998, can buy for $92K, needs $5K p&c, comps at $118K and should lease for $1,100 – 1,200 closed 7/05

NW owner selling long vacant house, 1780 sf 3-2 yb 1982, buying for $65K, needs $18K repairs, comps at $110K and should lease for 975 – 1075. closed 7/05

WP fwy & 6 divorce sale, 1705 sf 3-2 yb 1979, can buy for $75K, needs $10K make ready, comps at $107K and should lease for $925 - $1,025. closed 7/05

LaPorte seller moved, needs house gone, 1500 sf 3-2 yb 1982 two story, buying for $65K, needs $9K repairs, comps at 93K and should lease for 900 – 1000 closed 6/05

NW BW 8 & 249, pre-foreclosure, 1503 sf 3-2 yb 1982, buying for $63K, needs $10K cosmetic repairs, valued at $90K, should lease for $875 – 975. closed 6/05

NE Houston tax sale, 1505 sf 3-1 yb 1960, buying for $37K, needs $19K repairs, valued at $80K, should lease for $750 - $850. closed 6/05

NE Houston just outside 610 loop, landlord selling out, 1214 sf 3-1 yb 1970, buying for $47K, needs $8K cosmetic update, valued at $76K and should lease for $795 - $895. closed 6/05

South Houston seller moving, 1370 sf 3-2 yb 1978, buying for $60K, needs $10K cosmetic and foundation repair, valued at $93K and should lease for $875 – 975. closed 5/05

Missouri City pre-foreclosure, 1692 sf 3-2 yb 1974, buying for $74K, needs $10K cosmetic repairs, valued at $107K, will lease for $1,050 - $1,150. closed 5/05

Hobby area short sale, 1116 sf 3-1 yb 1950, buying for $55K, freshly rehabbed, needs central hvac, dishwasher, yard work for $6K, valued at $79K and should lease for $750 - $850. closed 5/05

Spring sellers moved up, need old house gone, 1275sf, 3/2, yb 82 Remodeled 1996, can buy for $53K, needs $2K repairs, comps at $69K and should lease for $750 - $850. closed 5/05

BW 8 & 59S, seller moving up, 1649 sf 3-2 yb 1995, buying for $88K, needs $7K make ready, comps at $120K and should lease for $1,100 - $1,200. closed 4/05

Katy seller needs fast close to get new home, 1152 sf 2-2 yb 1983, buying for $59K in move in condition, seller doing rehab before sale, comps at $$75K, should lease for $725 - $825. closed 4/05

Spring landlord selling out, 2283 sf 4-2.5 yb 1978, buying for $64K, needs $12K repairs, comps at $95K, should lease for $950 - $1,050. closed 4/05

Friendswood landlord selling to avoid foreclosure, 1704 sf 3-2 yb 1976 one story, buying for $73K, will need $12.5K make ready when tenant leaves, comps for $103K in fast appreciating neighborhood, current tenant pays $1,000 per month. closed 4/05

Westbury family moving up, 1687 sf 3-2 yb 1960, buying for $83K, needs $7K make ready, comps at $115K and should lease for $1,000 - $1,100. closed 4/05

Sugarland seller downsizing, 1950 sf 4-2 yb 1972 one story, buying for 86K, needs $17K total updating, comps at $129K and should lease for $1200 - $1300. closed 3/05

Downtown hirise condo, 809 sf 1-1 yb 1965 / 79, buying for $65K, needs $18.5K updating, should retail at $113K for profit to IRA as flip of $15K +. closed 3/05

League City short sale, 2377 sf 3-2.5 yb 1979, buying for $96,500, needs $7K cosmetic repairs, comps at $128,000 and should rent for $1200 – 1300. closed 3/05

Spring seller moved, no time to repair, 2060 sf 3-2 yb 1978 with pool, buying for $76K, $14,500 rehab including minor foundation, house comps at 112K and should lease for $1000 – 1100. closed 3/05 (Summer Spring)

NW estate sale, 1045 sf 3-1.5 yb 1972, buying for $55K, mostly rehabbed, needs $5K finish work, comps at $82K and should lease $775 – 875. closed 3/05

Westbury landlord selling out, 1450 sf 3-2 yb 1962, buying for $75K, needs $14K repairs including foundation, house comps at $110K and will lease for $950 – 1050. closed 2/05

Spring seller downsizing, 2153 sf 4-2 yb 1969, buying for $82K, needs $16K repairs including foundation, house comps at $125K and should lease at $1200 – 1300. closed 2/05

Pearland pre-foreclosure, 1630 sf 4-2 yb 1979, buying for $86K, needs $12 K cosmetic repairs, house comps at $131,000 and should rent for $1200 – 1300 closed 2/05

NW just inside BW 8, 1665 sf 3-2 yb 1976, buying for $75K, needs $4K minor cosmetic repair, comps at $100K and should lease for $950 - $1,050. closed 1/05

Hobby area pre-foreclosure, 1972 sf 3-2.5 yb 1996, buying for $94K, needs $12K cosmetic repairs, comps at $128K and should lease for $1150 - $1250. closed 1/05

Katy family relocating, 1587 sf 3-2-2, buying for $73K, needs foundation warranty work and minor cosmetic repair - $8K, comps at $103K and should rent for $950 - $1,050. closed 1/05

Pasadena estate sale, 1448 sf 3 - 1.5 yb 1955, buying for $43K, needs extensive updating, $20K, worth $82K and should lease for $850+. closed 1/05

Friendswood out of state landlord, 2341 sf + 540 sf well done addition 4-2-2 brick yb 71, bought for $94K, needs $20K repairs, should retail for $150K as IRA flip netting IRA $15K +. Closed 12/04

Pearland REO, 1530 sf 3-2, house freshly rehabbed, bought for $75K, needs pool filled in and other minor repair for $8K, comps at $103K and should rent for $1,000 - $1,100. Closed 12/04

Spring couple relocating, 1664 sf 4-2 yb 1974, bought for $73K, needs $8K cosmetic updating, comps at $100K, should lease at $900 - $1,000. Closed 12/04

I45 N inside BW 8, landlord selling out, 1424 sf 3-1.5 with garage conversion, can buy for $62K, needs $10K repairs, retail value is $89K and should lease for $855 - $950. Closed 12/04

Katy estate sale, 1748 sf 3-2 yb 1972, buying for $60K, needs $21K repairs, comps at $102K and should lease for $1,000 - $1100. Closed 12/04

Clearlake sellers moved to new home, 1900 sf 3-2.5 split level, yb 1983, buying for $83K, needs $11K heavy cosmetic repairs, comps at $118K and should lease for $1100 - $1200. Closed 12/04

Friendswood IRA Flip, 2690 sf 4-2-2, late 70’s with well done addition, should retail for $157K, can buy for $96K, needs $23K heavy cosmetic repairs, projected net to IRA of $19K. Closed 12/04

Sugarland landlord cashing out, 1559 sf 3-2 yb 1978, can buy for $92K, needs $1K minor repair, comps for $112K and should lease for $1050 - $1150. Closed 12/04 (Arcadia)

Friendswood pre-foreclosure, 1794 sf 4-2, yb early 80’s, large pool, can buy for $84K, needs roof and minor foundation work, $17K in repairs, comps at $127K and should lease for $1,200 - $1,300. closed 11/04

Katy flip, 1302 sf 3-2 yb 1979, bought for $62.5K, needs $7K repairs, comps at $88K and should lease for $850 – 950. closed 11/04

Katy estate sale, 1748 sf 3-2 yb 1972, buying for $60K, needs $21K repairs, comps at $102K and should lease for $1,000 - $1100. closed 11/04

Clearlake sellers moved to new home, 1900 sf 3-2.5 split level, yb 1983, buying for $83K, needs $11K heavy cosmetic repairs, comps at $118K and should lease for $1100 - $1200. closed 11/04

I45 N inside BW 8, landlord selling out, 1424 sf 3-1.5 with garage conversion, can buy for $62K, needs $10K repairs, retail value is $89K and should lease for $855 - $950. closed 11/04

Alvin seller bought new house, sale of old one fell through, 2000 sf 3-2 yb 1979 on two acres, bought for $106K, needs $5K repairs, house comps at $145K and should lease for $1200+. closed 10/04

Hobby area flip, 1320 sf 3-1 w/ gar. Conv., buy for $36K, needs $16K rehab, IRA flip for $69K netting IRA $8 - $10K. closed 10/04

Spring divorce sale, 1641 sf 4-2.5 yb 1976, can buy for $80K, needs $3K minor repair, valued at $95K and should lease for $900 - $1,000. closed 10/04

Spring divorce sale, 1641 sf 4-2.5 yb 1976, can buy for $80K, needs $3K minor repair, valued at $95K and should lease for $900 - $1,000. closed 10/04

Reliant Stadium condo, landlord selling out, 1040 sf 2-1 yb 1981 in high appreciation complex, can buy for $30K, needs $3K make ready, retail value is $46,000, has $550 / month long term tenant, market rent is $650 – 750. Closed 10/04

Champions IRA flip deal, 3062 sf 4-2.5 yb 1982, buying for $128K, will do $15K repairs, and should retail for $187K netting IRA $20 – 25K.

Pearland estate sale, 1534 sf 3-2 yb 1965, bought for $72K, needs $20K work, retail value is $$117K and should lease for $1,000 - $1150. Closed 9/04

Northwest contract assignment, 1356 sf 3-2 yb 1977, bought for $66K, needs $5K in repairs, retail value is $$91K and should rent for $875 - $975 Closed 9/04

Humble contract assignment, 2168 sf 3-2.5 yb 1994, bought for $98K, needs $7K repairs, retail value is $130K and should lease for $1200 - $1300. Closed 9/04

West side just outside BW 8, divorce sale, 2225 sf 3-2.5 yb bought for $91.5K, needs $$5K repairs, retail value is $125K and should rent for $1100 - $1200 closed 9/04

290 and BW 8, landlord getting out, 1250 sf 2-2.5 yb 1979, needs $5K minor repair, upstairs carpet, partial paint. Buying for $67K, comps at $86K, should rent for $850 - $950. Closed 9/04

Katy job loss, seller will sell to raise cash and hopes to lease option house back, buying for $68K, will do $3K repairs now, needs $11K more repairs if seller does not exercise option, seller can buy back for $94K in one year, $97K in two years, will pay $900 / month rent and be responsible for maintenance. Closed 9/04

Spring divorce sale, 1729 sf 4-2 yb 1982, buying for $76K, needs $7K cosmetic repairs, comps at $107K and should lease for $950 – 1050. Closed 9/04

Newport (Crosby) short sale, 1954 sf 3-2 yb 79, single story, large nice subdivision, comps at $96K, can buy for $52K, needs $23K work including roof, hvac, and foundation, should lease for $950 - $1,050. Closed 9/04

Katy distress sale, 2240 sf 4-2.5 yb 77, can buy for $89.5K, needs $5K repairs, comps at $119K, should rent for $1,175 - $1,275. Closed 9/04

North of Katy wants to move by school start, 1625 sf 3-2 yb 1984, buying for $72K, needs $5K repairs, comps at $101K, should lease for $950 - $1,050. Closed 9/04

Alief pre-foreclosure, 1484 sf 3-2 yb 1982, can buy for $70K, needs $5K cosmetic update, comps at $95K and should lease for $900 - $1,000. Closed 9/04

Clearlake out of town landlord wants out, 1390 sf 3-2 yb 1979, buy for $78K, needs $4K make ready, comps at $101K, should rent for $1,000 - $1,100. Closed 8/04

Memorial owner downsizing, 2588 sf 4-2.5 yb 1969, beautiful home in hot neighborhood, buying for $136K, needs $10K repairs, comps at $185K, will retail as IRA flip for $25K + profit. Closed 8/04

Mo. City couple leaving for AZ, 1864 sf 3-2, yb 75, has lots of upgrades, new hvac, nice ceramic, great kitchen, new double paned windows and doors, upgraded carpet, buying for $89K, needs $2K work, comps at $115K and will rent for $1,100 - $1,200. Closed 8/04

Champions area divorce sale, buying for $93K, needs $20K repairs, comps at $140K and should lease for $1,350 - $1,450. closed 7/31

Sugarland distress sale, 1525 sf 3-2 yb 1983, bought for $56K, needs $20K repairs, comps at $104K, should lease for $900 - $1,000. closed 7/31

Kemah pre-foreclosure, 1042 sf 3-2 yb 1979, all brick, vinyl clad, can buy for payoff of $58K, needs $9K repairs, retail value of $90K and should rent for $850+. closed 8/21

Mo. City, 3/2/2 brick, 1344 sq. ft, buying for $56K, needs $9K rehab, comps at $85K, should rent for $850 - $950. closed 7/16

Porter 3-2.5 two story, year built 2001, buying subject to existing loan of $113K, 6% fixed, comps at $128K, will lease for $1250 - $1350. closed 7/13

Montrose 3800 sf duplex with gar. Apt, yb 1930 with extensive updates, commercial or residential, pool. Buy for $550K, will generate total rents of $4500. closed 8/03

SW Houston seller out of money for repairs, 1407 sf 3-2 yb 1962, has new roof and hvac, foundation repaired, but heavy cosmetic required, $13K. Buying for $72K, comp value is $$111,000 and should rent for $1000+. Closed 6/10

SW, Bissonet and 59, 1248 sf 3-2.5 two story fee simple townhouse, buy for $39K, needs $11K repairs, retail value $67K and will rent for $850+. Closed 6/18

Northwest (Champions) out of state landlord, tenant left, 1992 sf 4-2.5 yb 1977, can buy for payoff of $86K, needs $8K repairs, comps at $118K, should lease for $1,150 - $1,250.closed 6/25

Richmond subject to purchase, pre-foreclosure, 2200 sf 3-2.5, yb 1981, assume note of $78K at 7%, pay $6K arrears, make $6K repairs, $2K referral fee, comps at $116K, should rent for $1,100 - $1,200 closed 5/26

NW Houston just outside Beltway 8, pre-foreclosure flip, 1,656 sf 3-2 yb 1981, bought for $65K, needs $8K repairs, comps at $92K, should rent for $875-950. closed 5/21

Baytown executive quality home, 2650 sf 5-2.5 yb 1975, needs $5K repairs, seller building new home, wants to live in his for 4 months but have it sold, allowing buyer to market for resale. Buying as IRA flip for $115K, comps for $155K, IRA should net $15 - $20K on 4 month hold. Closed 5/09

League City, seller bought new house, 1664 sf 3-2 yb 1979, bought for $72K, needs $12K repairs including foundation, $4K flip fee, Comps at $110K and should rent for $1,000 – 1,100. Closed 4/26

Pre-foreclosure, buying subject to current mortgage, 1734 sf 3-2 yb 1981, assuming debt of $76,400, house comps at $100K, needs $4K repairs, should rent for $950+. Closed 4/10

SW Beltway 8, landlord tired of it, 1780 sf 3-2 yb 1979 with 1000 sf yb 2000 addition and upgrades, $1500 / month lease option buyer in place, buy for $85K, needs $4K repairs, value comps at $115K.

SW estate sale, 1960sf, 3/2, yb 78, buying for $69K, comps at $100K, needs $12K repairs including roof, should rent for $1,000+. Closed 4/22

La Porte 2132 sf 3-2.5 yb 1982, out of town landlord, buying for 89K, comp value is $125K, needs $4K repairs, $1,200 a month tenant in place. Closed 4/23

Champions area divorce sale, 1974 sf 3-2 yb 1976, bought for $77K, needs $18K work, comps for $122K and will rent for $1100-1200 Closed 4/16

Seven leased 3-2 & 2-2 townhouses in one nieghborhood, all freshly rehabbed, mostly Section 8, total rents of $5,600 / m, commercial financing in place, $1,800 / month cash flow after management fees, can purchase for $280K. Closed 4/30

Stafford, professional couple bought new home, want old one gone, 2285 sf 3-2.5 two story yb 1983, buy for $89K, needs $4.5K minor repair, many high end upgrades, comps at $130K and should rent for $1200+. Closed 4/18

Champions divorce sale, 2941 sf 4-2.5 yb 1971, buying for $115K, needs $4K minor repairs, comp value is $160K, should lease for $1500 +. Closed 4/06

Missouri City estate sale, 1898sf, 3-2 YB 77, buying for $75K, needs $13.5K cosmetic repairs, comps at $119K, should rent for $1100+ closed 3/12

Deerpark divorce sale, 1492 sf 3-2 yb 1984, buying for $95K, needs no repair, strong rental market, comps at $119K, should rent for $1,100+ closed 3/15

Southwest (BW 8 & Fuqua) contract assignment, 1386 sf 3-1.5 w/ good garage conversion, yb 1970, buying for $39K, needs $8K cosmetic repairs, comps at $80K and should lease for $800+ closed 3/18

Champions professional found new home, needs old one gone fast, 2604 sf 4-3 yb 1982, buying for $95K, needs $7K work, comps at $138K and should lease for $1,400+ closed 3/19

Clearlake father, two sons, selling their pig pen “crash pad”, great neighborhood, 2,076 sf 4-2.5-2 two story yb 1982, can buy for $95K, needs $17K cosmetic repair, comps for $145K and should rent for $1,300+. Closed 2/27

I-45 S and BW 8, investor in cash crunch, sells primary residence, picture perfect 2,184 sf 302 yb 77, $2K repairs, bought for $90K, comps at $122K, will rent for $1,200 + Closed 2/20

Clearlake estate sale, 2,087 sf 4-2 yb 1968, buying for $69,500, needs $30K repairs and updating, comps for $134K, will rent for $1200 – 1300 closed 2/20

I-10 and Eldridge town house, flip, 3-2 1488 sf yb 1976, buy for $42.5K, needs $9K cosmetic rehab, ARV of $68K, will rent for $850-$900 closed 2/20

Spring, professional couple relocated overseas, bought for $107,500, comps at $137K, needs $1K make ready, should lease for $1,400+. closed 1/28

BW 8 and 59 pre-foreclosure, 1863 sf 4-2 yb 1971, bought for pay off of $85,500, former owner will lease option back for $900 per month and perform all maintenance, house comps at $112K. closed 12/31

Champions mold remediation house, 2286 sf 4-2.5 yb '72, bought for $88.5K, needs $28K work, will retail house for $165K, or $35K + profit closed 12/30

Katy contract assignment, 1745 sf 4-2 yb 1988, bought for $80K, needs $4K work, comps at $105K, will rent for $1150-1,250 closed 12/29

Jersey Village Allison flood house never repaired, 2848 sf 4-3 yb 1977, bought for $80K, needs $35K rehab, will retail for $177, $40K + profit, or rent for $1450 closed 12/24

Champions area 1708sf, 3-2-2, yb 1977, buy for $72K, needs $8K work, comps at $102K, will rent for $950 – 1050 closed 12/24

Missouri City bought new house, wants old one gone, 1420 sf 3-2 yb 1981, buying for $67K, needs $8K repairs, comps at $98K and will rent for $900 – 1000 closed 12/31

Katy downsizing to apt, 1447 sf 3-2 yb 1981 updated kitchen, hvac, siding, buy for $72K, $4K repairs, comps for $94K, will rent for $950-1050 closed 12/17

Dickinson flip purchase, 1727 sf 3-2 yb 1978, buying for $84K, needs $5K repairs, comps at $107K, will lease for $1050 - $1,150 closed 12/18

Southwest, Braeburn area 2293 sf 3-2 yb 1955, buy for $97K, needs $25K repairs, comps at $165K and will rent for $1500 – 1600. Closed 11/19

Clearlake contract assignment, 2066 sf 4-2 yb 1972, bought for $100K, needs $16K work, comps for $138K and will rent for $1300-1400. Closed 11/18

Katy luxury home distress sale, 5923 sf 5-3.5*2 yb 1988, buy for $260K, do $25 K cosmetic upgrades, then lease option or retail house for $395K / $3000 + per month Closed 11/25

Texas City 2033 sf 3-2 yb 1978, flip purchase, buy for $88K, repair for $12K, then retail house for $130K inside and IRA. Closed 11/06

Briar Forest flip purchase 2798 sf 4-2.5 yb 1975, buying for $135K, needs $25K repairs, comps at $230K, will rent for $2,400+ Closed 11/03

Pearland flip purchase 1202 sf 3-2 yb 1984, buying for $80K, needs $8K work, comps at $107K, will rent for $98K, will rent for $975 - $1,075 Closed 11/14

Beltway 8 & TC Jester flip purchase 1198 sf 3-2 yb 1980, bought for $53K, needs $8K repairs, comps at $88K, will rent for $800 – $900. Closed 11/14

Hobby area flip purchase 1564 sf 3-2 yb 1965, bought for $60K, needs $15K work, comps at $98K, will rent for $900 - $1,000 / month Closed 11/12

Prime location Galleria townhouse, 2-1.5, two story condo, 1454 sf can be bought for $88K, comps for $124K, would rent for $1150, needs $5K repairs, hoa fee is $309 and includes all but power. Closed 11/08

Beltway 8 & I 10 East, 1101 sf 2-2 yb 1980, buy for $55K, needs $6K repairs, ARV of $76K, will rent for $775-825. Closed 11/05

Champions 3500 sf 5/2.5, yb 1974 / 1995, luxury home with pool, perfect condition, owner selling already rented to raise cash, buying for $147K, appraises at $184K, tenant in place for $1750 per month. Closed 11/21

League City distress sale, 2156 sf 4-2.5, great subdivision, needs extensive foundation repair, related plumbing work for $14K, buying for $81K, ARV of $123K, will rent for $1200-1300. closed 10/23

Channel View investor sells out, 1180 sf 3-2, yb 1977, buying for $41,500, needs $15K repairs, ARV of $80K, will rent for $850-900. closed 10/13

League City moving to new house, 1545 sf 3-2 yb 1965, buying for $58K, needs $17K rehab, ARV of $95K and will rent for $950-$1,050. closed 10/10

Beechnut & Beltway 8, seller downsizing, 4-2.5 2,247 sf yb 1976, needs foundation & cosmetic repairs of $17K, buy for $74K, ARV of $124K, will rent for $1100-$1200 / m. closed 10/09

Friendswood flip or lease option opportunity, 2210 sf sf 4/2.5 yb 1978, pool, partially rehabbed and ran out of money, buy for $95K, finish for $25K, comps at $155K. Client lent money to wholesaler from IRA

Dickinson 1207 sf 3-2 yb 1980, owner moved for new job, buy for $52K, needs $5K repairs, ARV of $76K, will rent for $850 – 950. Client lent money to wholesaler from IRA

Kingwood moving to new house, 1617 sf 3-2 yb 1979, buying for $72K, needs $13 K rehab, ARV of $104K, will rent for $$1050-1,150. Closed 9/13

Katy divorce forces sale, 1802 sf 3-2 yb 1998, needs no repairs, buying for $84K, ARV of $109K, will rent for $1,100 - $1,200. Closed 9/15

Katy 3-2 patio home, 1634 sf, yb 1979, sellers bought bigger home, buy for $72K, needs $4K repairs, ARV of $103K, will rent for $975-$1075 for 6% cash on cash, 22% after tax IRR. Closed 8/27

Champions area 4-2, 1661 sf, yb 1976, out of state investor selling, needs $17K repairs including foundation, buying for $65K, ARV of $97K, will rent for $1,000 - $1,100 for 7% cash on cash, 22% after tax IRR. Closed 8/28

League City 3-2-2, 1507 sf yb 1977, pre-foreclosure, buy for $63K, needs $11K repairs, ARV of $96K, rent of $950-$1050 generates 6% cash on cash, 22% after tax IRR. Closes 8/29

Sugarland 4-2-2, 1352 sf, yb 1983, buying for $63K, needs $8K repairs, ARV of $90K, will rent for $875-$975 for 7% cash on cash, 22% after tax IRR. Closed 8/15

Dickinson 3-2-2, 1220 sf, yb 1983, buy for $61K, needs $6K cosmetic repair, comps for $85K, tenant will lease back for $800/m long term to generate break even cash flow and 20%+ after tax IRR on minimal down payment. Closed 8/14

Atascocita 3-2-2, 1658 sf, year built 1983, nice home in pristine subdivision, buy for $71K, needs $6K repairs including minor foundation, comps at $92K, should rent for $950 - $1050 to generate 5% cash cash, 20% after tax IRR. Closed 8/14

Conroe 24 unit apartment complex, (16) 300 sf efficiencies, (8) 400 sf 1-1’s, rents of $345 and $400 for total of $8720 / month. Buy for $440K, requires 20% down, generates 32% cash on cash, 38% IRR. Closed 8/20

Museum District Duplex, 1930’s, 1720 sf per unit 2-1’s, needs updating (HVAC, electrical, third floor could be made to studio for $20K, add garage w / apt) Buy for $360K, add 3rd floor, garage w/ apt for $100K, could generate 10% cash on cash, 20% IRR. Closed 7/08

Northeast 3-1.5, 1515 sf, 1955 YB, needs heavy cosmetic upgrade, HVAC, roof, minor foundation, total of $15K repairs. Buying for $39K, retail value $68K after repair, will rent for $775 - $900 as Section 8, generates 13% cash on cash, 30% ten year IRR. Closed 7/07

Deerpark 4-2-2, 1667 sf, year built 1974, buying for $69K, needs $10K work including minor foundation, comps at $99K, should rent for $1,000 - $1,100 to generate 8%+ cash on cash, 23% + after tax IRR. Closed 7/29

Memorial NW 4/2.5/2, 2343 sf, yb 1974, house needs $12K cosmetic upgrade & minor foundation repair, buying “subject to” existing loan for $100K, retail value $143K, will lease option for $30K + profit for one year hold. Closed 7/21

Galleria area town home, 2304 sf 3-2.5-2, year built 1979, 200+ days on MLS, needs $10K cosmetic updating, on HCAD for $295K, purchased for $252K for owner occupant. Closed 6/20.

Meyerland moved to new house, hasn’t sold old one, 3-2-2, 2016 sf, YB 1962, freshly updated, carpet, paint, like new. Buy for $140K, needs $11K foundation and minor repair to be retail perfect. Comps at $195K, rent for $1550 as lease or lease option to make $35K on $15K investment. Closed 6/17

Montrose duplex, recently updated, good location, two 2-1’s, downstairs unit has den, selling for $315K with owner paying $13K for repairs. Closed 4/15

Contract assignment, N. on I-45 before Beltway 8, 1,488 sf 3-2-2 built in 1978, buy for $75K, needs $4K repairs, comps at $95K, will rent for $950 for 13% cash on cash, 41% IRR using a 20% down loan. Closed 4/23

Westbury Square investor selling beat rental property, 2,399 sf 3-2-2, built in 1959, buying for $75K, needs $11K foundation, $19K updating and repair for total cost of $105K, comps at $143K, will rent for $1275 generating 13% cash on cash, 32% IRR.Deerpark Condo, 872 sf 1-1, built 1979, comps for $38K, long term tenant in place paying $550 / m, market rent of $650. Buy for $20K + closing costs of $3K generates 25% cash on cash return for all cash purchase. Closed 4/23

Katy 3-2-2, 1,530 sf, built in 1984, has tenant in place for $1,000 / month, market rent is $1,100, buy for $74K net to seller, no repairs required, comps at $95K, generates 12% cash on cash, 26.1% IRR using 20% down loan at current rent. Closed 4/11

Katy pre-foreclosure, 1636 sf 3-2-2, built in 1981, paying seller $85K, needs 4.5 K paint and minor repair, comps at $94K and will rent for $1050 producing 20.2% cash on cash, 30.7% IRR. Closed 3/14.

1960 and 290 (Lakewood) area estate sale, 2704 sf 4-2.5-2, buying for $125K, needs $4k repairs, comps at $160K, will rent for $1,600 for 21.5% cash on cash, 34.8% IRR. Closed 3/03

3/2/2, 1,693 SF built in 1962, Houston (Area-3, Key Map-575P). Rents have increased by 16 % over the past year and there is 4.6 months of inventory on the market.  Total acquisition price is $ 80,191, pd seller $65K and needs $12 K rehab.  FMV of $ 101 K and it should rent for $ 1,050/month.  The cash on cash in year 2 is 41 %, and the IRR is 51.2 %. Closed 1/24

Mission Bend 3-2-2. 1980, recently rehabbed by insurance company as part of mold remediation, paid seller $68,250, needs $6200 rehab, house FMV is $90,000, will rent for $975 for cash on cash of 19% in year two, and IRR of 29.6%. Closed 1/17

Bank short sale - Spring new construction 3-2-2, purchase from bank for $105K, retail value 128K, needs $4K make ready, will rent for $1,300, generates 10% cash on cash, 28% IRR. Closed12/23

Channel View (I 10 and Beltway 8) 4/2/2, 1,936 SF built in 1970.  (Area- 2, Key Map-457Y)  Total acquisition price is $ 94,567, which includes rehab, prepaids, commissions and closing costs. Purchased for $82K,  Rehab of $8K, comps out $108 K, will rent for $1,100/month, has a small, detached office in back of the house that may boost comps.  cash on cash in year 2 is 11.5 %, and the IRR is 28.5 %. Closed 12/27

1975 3-3, 1674 sf townhouse style condo (section 8 subsidized), I-45 N and Beltway 8, 42K purchase price, move in ready, will lease at $850 / m, 21% cash on cash, 29 % after tax IRR. Closed 12/02

Montrose 2,200 sf 4/2.5/2, Market Value of $365K, provided buyers agency services to close as owner occupied home for $276K. Closed 11/21

Clearlake 3-2-2, 1734 sf, 1990, purchase price $118K, retail value $138K, needs no repairs, rent of $1,300, nets 11% cash on cash, 30% after tax IRR. Closed 11/05

Pearland 3-2-2, 1650 sf, history of flooding, buy for $55,000, make $18 K in cosmetic repairs & roof, rent for $1000 generates 14% cash on cash, 35% after tax IRR. Closed 10/21

Six town home condo package sale (four are section 8 subsidized), in same complex near I-45 N and Beltway 8, $220K purchase price, listed at $250K, fully leased at $4,600 per month, well-maintained, 21% cash on cash, 29 % after tax IRR. Closed 10/03