Dallas-Fort Worth Real Estate Investor Club

HISTORIC FORT WORTH WHOLESALE DEAL

  • 25 Jan 2019 8:05 AM
    Message # 7128784

    Wholesale property for sale in Fort Worth & 76111. Please comment with your contact info or message/email us for more information.

    5 bedrooms & 3 bathroom(s) no garage & 2,488 sq ft

    ARV: $340,000

    Purchase price: $225,000

    This home was purchased with hard money by an investor in late 2017. It was rehabbed and put on the market in early 2018. The problem: The foundation was not property fixed! So the rehab was done but nobody could get financing on the home with its foundation needing work. The investor then ran out of funds to do any more repairs. There's a new roof, 2 new HVAC systems, updated kitchen, updated baths, updated flooring, int/ext paint, fixtures, etc. Beyond foundation work and subfloor repairs, the home will likely need new windows, upgraded flooring (hardwood instead of laminate, and probably new carpet), back yard cleanup and stump removal, and whatever upgrades to the current rehab are deemed necessary.

    14 files
    Last modified: 25 Jan 2019 9:14 AM | Robin Carriger (Administrator)
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