Best deal I've ever seen

Rehabbing, Fix and Flip, Rental Properties
1

Wow the real estate market is HOT in Dallas - if you are a buyer!

I just purchased two homes from a burned out landlord, and basically I got a buy one get one free deal. For what I spent on a house a year ago, which was already cheap, I purchased 2 from this one guy.

WOW!!!

They will pay for themselves in 24 months, with property taxes, insurance and maintenance included!

2

Nice, I whish NJ Sellers would wake up and realize this.

3

How about guoting some numbers so I know what on earth you’re talking about??? 2 for 1 doesn’t mean anything.

4

Here’s an example (my deal was similar, but slightly different)

  • You pay $26,000 cash for 2 SFH’s, which need $4000 in total repairs
  • Rental income is $750 each SFH per month, or $18,000 per year not factoring in vacancies which are minimal in this neighborhood
  • Two year gross income is $36,000, and after property taxes, insurance & repairs & other expenses they are long paid for within that time frame.
  • That gives you a 50%+++ annual percentage yield
5

Great deals Motivated,

We need to hook up some time as I am in the Dallas area too.

We should do a lunch (My treat)…

:beer

Tex

6

Congratz to you my friend