Saturday update-
I had a contract accepted by the owner on a short sale. 2235 Jackson Circle in Carrollton. I decided to go see it. It's a townhouse, that's attached to another unit. Basically, a duplex. I don't like duplexes unless I'm getting the whole property. It's typical...one unit is tore up, foundation sagging, garage door pulling away, house has already had foundation work done and the same area is having problems. And the poor people that are duplexed to the bad property are suffering because their "attached" neighbor can't/isn't taking care of his property. I don't want to be on that same side of the situation, so I'm out on attached properties. I'm not in total control.
Next house was 1514 Hindsdale Drive, Richardson. House looked nice, needs some foundation, but not a lot. However, numbers don't work well on it. I offered $78,050 and house will ARV around $115,000. After about $20-$25,000 of repairs I'm in at about 78%. So I'll either have to reduce my offer to around $68,000-$70,000 to make it work. This house was my favorite. And I'm still keeping by eyes on 652 Spring in Allen.
Back in Carrollton, we went to 2645 Via Sonoma. Again, a townhouse attached to another address...a duplex. I'm out. Also, a short sale, so too long to wait.
So Justin and I have Pioneer Lane, E Park Blvd, and Gwendola Drive left to hear from, from the original 17. I also met with Lisa at 2609 Province Lane, Dallas, in East Dallas, asking $48,000. The house was really cute on the outside. Once inside, we found out the foundation was a mess, as you went on a roller coaster ride as you walked around the house. And it was chopped up on the inside. And they enclosed the back porch to add a "master bath". Not even a bargain at $30,000. So I passed.
I'm back looking at other properties. I didn't meet my goal of getting a property by the end of the year. But it wasn't because I didn't try. And I won't stop. Persistence.
Tomorrow is New Year's Eve, so if any of you are making plans to be out celebrating, please be careful and drink responsibly so that we can all have a great year in 2013. My goal for this blog is to start including photo's and video's with the blog, once I mast that. If any of you are good at it, technically, then please let me know. I'm willing to make the effort to take the pix and upload them if I just know more. I will attempt to do it the best I currently know how, and we'll see how it goes.
Happy New Year!
Mark
