Shopping for a Flip Property with a 50,000 sq. ft. Lot!

Hey there, actual property fans! Right now, I will take you thru a few properties that my staff and I not too long ago acquired in the identical neighborhood on the south facet of Houston. These properties are simply 3 minutes aside, and I am tremendous excited to share with you why we determined to put money into them.

Let’s begin with the primary property, which we snagged for $140,000. The primary motive we had been drawn to this home is the large 50,000 sq. foot lot that comes with it. This can be a game-changer, people! The home itself is in fairly fine condition, with a brand new roof, double pane home windows, and a comparatively younger AC system. The foremost parts just like the roof, electrical, plumbing, HVAC, and basis are all in nice situation, so we’re taking a look at primarily a beauty rehab on the inside.

The neighborhood can be an enormous plus for us, as I’ve had expertise wholesaling houses on this space earlier than. Realizing the market and the potential for a strong return on funding made this a straightforward choice for us.

We plan to place in round $25,000 for the rehab, specializing in beauty upgrades like repainting the outside, putting in quartz counter tops, and updating the flooring. With the home being a three-bedroom, two-bath, 1300 sq. foot property with a one-car storage, we’re assured that it’ll enchantment to potential patrons within the space.

Now, let’s transfer on to the second property, which is only a stone’s throw away from the primary one. This home, though a bit rougher on the outside, additionally comes with an enormous 50,000 sq. foot lot. The home itself wants some critical TLC, with points like a brand new roof and storage door issues. Nonetheless, the true gem right here is the land it sits on.

I contracted this property with out even seeing it in particular person as a result of I used to be so assured within the potential of the lot. My imaginative and prescient is to benefit from the huge quantity of land and probably redevelop the property to maximise its worth. Even when we break even on the home itself, the land is what makes this funding so thrilling for us.

In conclusion, each of those properties supply distinctive alternatives for us so as to add worth and create worthwhile outcomes. The potential for redeveloping the land and the sturdy market demand within the neighborhood make these investments a no brainer for us.

Keep tuned as we proceed to work on these properties, and I am going to you’ll want to hold you up to date on the progress. Thanks for becoming a member of me on this actual property journey, and I am unable to wait to share extra with you quickly!