Sold or NLA

$59,500 Equity

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Vacant Off Market Garland Steal of a Deal!!!

Lead Type: Wholesale Deal

  • Fix & Flip
  • Low Days on Market
  • Hot Neighborhood
  • Great School District
Showing this TUESDAY 5/5/19 2513 sqft. 4 Bedrooms / 2 Bathrooms This is a solid home in a great part of Garland that is in need some foundation work and cosmetic TLC. This is a great sized home in a neighborhood with STRONG comps. * Several major components are in great shape - Electrical box, water heater, HVAC unit * Great family friendly layout * The layout of this house is GREAT making it a cost effective flip * Located in a hot area, this house already has the garage converted making it one of the larger homes in a MUCH desired family friendly neighborhood

  • The Numbers


    Est. After Repair Value (ARV): $276,500 Zestimate
     
    minus Seller's Asking Price: $182,000 Seller's Asking Price
    Not Flexible
    minus Estimated Cost of Repairs: $35,000 Estimated Cost of Repairs

    equals Profit Potential of: $59,500 Profit Potential
    Need Funding: Get Pre-Qualified
    View other funding options

    This information is provided by the seller. All lis, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs, are estimates. Please do your own due diligence.


  • Property Location


    401 Biscay Dr.
    • Garland, Texas • 75043
    • Part of Town: RED HOT part of GARLAND TX! WONT LAST LONG
    • How to Access Property:
      Call/Text/EMAIL - Showing this Tuesday 5/5/19

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  • Property Information


    Property Type
    Property Type: Single Family House
    Bedrooms
    Bedrooms: 4+
    Square Footage
    Square Footage: 2513 sqft
    Bath
    Bath: 2
    Year Built
    Year Built: 1977

    About Repairs

    This house would need the following work: * Some floor work (NOT a total replace saving you on REHAB) * Kitchen is in GREAT shape, minor touch ups ONLY (Again MORE COST savings) * Some Foundation Work * Pool maintenance * Bathroom refresh / Fresh paint with some drywall Unique features to this home

    Miscellaneous:  

    Closing: March 18th, 2019 Showing times available as soon as this Tuesday March 5th, call for more details and to reserve your time! * Call/Text/Email Conrad. * Call text email for showing details this TUES * Come to the showing ready with your best offer, cashiers check for $5,000 deposit made out to True Eden LLC, this house won’t last! * Buyer pays standard closing cost and must close with assigned title company See Pictures (https://drive.google.com/drive/folders/1ZtRSakzwnGT1ZEy3TctLccUQOLoO_KQP?usp

    How Seller Determined ARV:

    This is an ACTIVE part of Garland and lots of activity. We have homes selling in the range of $106 price per sqft to as much as $124 price per square foot. We assigned a conservative $110 price per sqft on this house based on recent COMPS making the ARV on this one $276,500

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About These Listings and Why They're Unique.

This site provides you with the list of "big equity" properties that savvy investors DO NOT want you to know about. They don't want the competition. It's a list that will enable you to reap huge profits, just like they are, from today's chaos.

This isn't your typical list of over-shopped and over-priced MLS listings, foreclosures, HUD homes, and REO properties. At most, those types of properties are discounted by 10% to 15%. Realtors may call that a deal. We call that "trash."

The properties on this site are under-shopped and, as a result, under-priced. They are "under the radar" so to speak. A majority of them are not listed anywhere else.

Most investors are unaware of this insider's list. And for you, that's a good thing. Less competition means bigger - often absurd - profits.

Most investors are unaware of this insider's list. And for you, that's a good thing. Less competition means bigger - often absurd - profits.

But most importantly, the properties on this site have big equity and bigger profit potential. Dozens of them are marked down by 30% to 40%. And dozens more have at least $20,000 in equity.

We provide you with two specialized types of properties:

Type #1: Wholesale Deals

These properties are for sale by other real estate investors. To clarify, the word "wholesale" doesn't mean "bulk." You buy each property individually. You just get a "wholesale" price. The investors who sell these properties want to pocket some quick and easy cash by selling you a fixer upper "as is."

You make bigger cash by buying, fixing, and re-selling. Or you can buy, fix, and rent. It's up to you. If the deal is right, you should come out on top either way. We compile this list by calling and emailing just about every real estate investor in town, asking them what they have for sale ... at a big discount, of course.

Type #2: Motivated Seller Leads

These properties are for sale by regular homeowners who are in a bad situation. You have more options when you buy motivated seller properties. You can work a short sale, take over their payments, wholesale it, rehab it, lease it, buy or sell on owner financing, or whatever else you can dream up.

Most of them are desperate to sell... and desperate to sell at a price that's way below market. You win by setting yourself up for a big payday. The sellers win by getting rid of a property that's been a thorn in their side. On this site, it's all about win/win, not taking advantage of others.

We get these leads by spending thousands of dollars per month in online ads that say "We Buy Houses." These motivated sellers fill out a simple form about their property. And if you're a registered user, we take that information and give it directly to you.

In the last two months, over 362 Houston-area deals have been posted to this site. Combined, these properties have had over $32,022,492 in equity.

Say goodbye to over-priced MLS listings and bank foreclosures. And say hello to big-equity wholesale deals and motivated seller leads!

Funding Options

  1. Private Money: Borrow money from a private lender. Each private lender is different, but these individuals typically offer much lower rates than hard money lenders. In addition, many allow you to walk away from closing with cash and/or defer all interest payments until you sell the property. You'll find a list of private lenders in our Resources section.
  2. Crowdfunding: Borrow up to 80% of the ARV with no origination fees up front. That means less money is needed to close. Faster and more flexible, there’s no waiting on investors, partners, or traditional lenders. Loans are funded immediately upon qualification so you can focus on what you do best... your project. Applications are quick and easy online. Click here to find out more.
  3. Hard Money: Borrow from a Private Hard Money lender. These loans are easier to qualify for, have low rates and fees and close in as little as 4 days, not 4 weeks! They are known for 100% funding of total project costs, no-prepayment penalties, cash-out loans for investment properties, fix and flip including renovation budget, as well as fix and hold with 30 year terms. Sounds too good to be true...but it isn’t. Click here to find out more.
  4. Long-Term Loan: Take out a traditional long-term loan from a mortgage company or bank. Unlike hard money lenders, these companies prefer to lend to individuals with good credit and a healthy income. The money is cheaper to get, but there are drawbacks. They are typically slow to fund your deal, and they tend to shy away from properties that need a substantial amount of repairs.
  5. Your Own Cash: Use your own cash. Those who have it generally prefer this method because it eliminates borrowing costs and speeds up the closing.
  6. Someone Else's Cash: Bring another individual into the deal who will either partner with you or be your private lender. If they partner, they will get a portion of the profits. If they lend, they will get paid based on an agreed-upon interest rate.
  7. Take Over Payments: Take over the existing mortgage "Subject To" the existing financing. This technique is much more likely to be effective for motivated seller leads as opposed to wholesale deals.
  8. No Money Needed: If you primarily pursue motivated seller leads and your plan is to wholesale those properties, then you don't need cash or financing. Information on how to do this is contained in the wealth-building course on wholesaling that comes with a Premium membership. This is how many investors get started in the business.
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