Dallas-Fort Worth Real Estate Investor Club

$Low Cost Wholesale Property - Under 70% Of ARV Minus Repairs

  • 26 Aug 2019 4:03 PM
    Message # 7850441

      I have a property under contract, but have two other projects going and two more about to start. Leaning toward wholesaling it. Details are below. You can reach me via phone at 817-925-2392, text preferred since I often have to leave my phone on silent. Or via email: Dwayne_Modisette@Yahoo.com

    507 McCracken

    Graham, TX 76450

    3 bed

    1.5 bath (The half bath is in the master bedroom and there a second closet adjacent to it, allowing you to make it a full bath if you want.)

    1 car attached garage

    Large, fully fenced, yard!

    1,282 square feet of living space

    14x14, guestimating, shed in back yard.

    New air handler and Rheem water heater.


    Repairs - $15,000 - 20,000, depending what level you rehab to, rental versus flip, etc.:

    Pier and beam foundation needs leveling. Not majorly bad, but it will need work.

    Roof was replaced nine years ago. Needs some shingle replacement and minor work.

    The rest is cosmetic: flooring, paint, new appliances, trim bushes, etc.


    ARV: $75,000 per area comps.

    There is a $2,800 property tax lien.

    Asking price: Make an offer!


    Seller contractually required to remove all belongings, junk, trash, etc. from house and shed.

    Hard to get good pics till they clear it out. Please forgive the sideways pics. Can't get them to orient correctly.



    19 files
    Last modified: 03 Sep 2019 3:21 PM | Dwayne Modisette
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