Dallas-Fort Worth Real Estate Investor Club

Off market property 6309 Waterview Drive, Rowlett TX 75089 in great condition

  • 27 Jul 2019 1:05 AM
    Message # 7799079

    Off market property 6309 Waterview Drive, Rowlett TX 75089.

    ARV:  $240,000+

    This is a probate property in great condition that we have under contract.  We are looking to assign the contract to a cash buyer who, recognizing that this property does not meet the usual asking price criteria for a typical fix and flip or buy and hold, is interested in buying the house for cash/hard money loan and paying us a small assignment fee, and then using a strategy to maximize their profit such as:

    •       Owner financing, to make money on wrapping monthly payments.
    •       Selling the house FSBO at full retail value to take advantage of the discounted asking price.  We have the property under contract for $200,000.
    •       Moving into the house yourself to make it your home.
    •       Pairing us with someone who wants to move into the house themselves.

    Our real estate agent calculated the ARV at more like $250,000 due to lake proximity.

    Please call/text us at (972) 793-0777 for access.  Showings are planned for Sunday July 28th from noon to 4 pm and Tuesday July 30th from 6 pm to 9 pm.  Please call in advance to let us know which day you plan to be at the showings.

    Property details:

    Single family, 3 bed/2 bath/2 car garage, 1,692 square feet.  Year built:  1994.

    Buyer pays all closing costs.

    Property Description:

    Off-market property in Rowlett.  Property is vacant.  Furniture not included.  Market rent in the area is $1,641 per month.

    Property is in a beautiful neighborhood near Lake Ron Hubbard.

    Seller installed new hardwood floors.  Roof looks to be in good shape.  Appliances are no more than several years old.

    Less than a week’s worth of rehab at less than $2K.  Wallpaper in bathrooms is in good shape but could use updating.  One wood cabinet panel insert in kitchen needs to be replaced.  The fence will need to be replaced in a few years and the fence gate latch needs to be replaced.  A few doorknobs need to be replaced.  Steam cleaning the grout should make it look like new.

    Call/text now at (972) 793-0777 if interested.

    19 files
  • 29 Jul 2019 8:31 AM
    Reply # 7801185 on 7799079

    Hey Steve,

    Looking to get on more wholesaler lists in the Tarrant County area. Please add me to your list - josiahsmelser@gmail.com - we are looking to close around 30 deals this year. Thanks!

    Josiah Smelser


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