Today we are in the Austin Market looking at a potential fix and flip or new construction opportunity brought to us by the MLS Deal Finder System. The subject property address is 745 Gunter Street in the 78702 zip code. 
And this property is a 4-bedroom, 2-bathroom single family residential property built in 1948, is 1772 square feet. Now this property originally hit the market back in April. So it's been sitting for a while and has gone through a significant price reduction. Originally listed at $645,000 and with now a list price of 399 and just about $400,000. So based on some sold comparables here, we see that that is a discount of about 31 or 32% off of the market value or $184,000 terms of a gross discount. So one thing to note here, which I caught from the very start is the public remark from the realtor, and which kind of outlines the strategy. 
Since this is zoned SF-3 and there are a 0.218 acre lots, there's an opportunity to build back units and there's apparently plenty of frontage here. And we'll see on the map if there are any alleyways in the back or if that frontage is enough to do flag lots. So the subject property here again is pulled up on the map, right in the center here. Zooming out you can see we are in East Austin, 702 very desirable area. And zooming in here, we can drop into Street View to see our subject property and the surrounding areas. Here is our subject property and you can definitely see even from street view all the new construction all the flips going on in this area. 
And on the map, you can also see the 2 subjects property comparables that were selected. There are a couple more in the vicinity, but this one here, number 3 is on the other end or on the other side of this creek or river, so that was not included in the analysis. So let's take a quick look at the numbers. So our subject property is here in the first column.
You can see the price per square foot at $225, subdivision and all the relevant parameters here. You can see our comparable properties here, they are in different subdivisions although they're very close by in terms of distance. These are different subdivisions. 
So that's something to keep in mind. And our subject property is a little bit larger in square footage compared to the others. It does have 4 bedrooms, 2 bathrooms. But the value here is mainly in the land and the opportunity to build in the back. But let's just take a quick look at the interior photos. Our subject property does not have any interior photos, meaning that the inside, probably needs quite a bit of work. 
Here we have a view on the MLS listing here of the surrounding. I think this is the property directly to the east of our subject property with the two units, the front, and the back unit. 
Here is our comparable property, which is not an ADU and back lots build but just what appears to be a fix and flip of the original unit. You could see that's back in the back. The new landscaping and then the updates to the interior, and some of these other properties. 
Let's go back to the list here and just take a look again. 
Even though it also has one bathroom. So that's just going to show the crazy appreciation and trend here in Austin, at least in the East Austin area. So of course, this particular property is more geared towards an ADU or an additional backlot construction. Unfortunately, we don't have the time to go over those details, but that is definitely something that needs to be verified to see if that is feasible. 
And last but not least, this does seem like a good opportunity as the price has been reduced. So signaling some kind of motivation or softening on the seller side to be able to or to be willing to accept a more realistic price. So that concludes the deal of the day video for today. I hope you've enjoyed this video, please stay tuned for more.

Real Estate Deal Of The Day Austin June 26

Thank you, Steve. And thanks, everyone, for tuning in. Today's Houston Deal of the Day is 8514 Elm Lake Drive in Houston. It was built in 1984. It's 1274 square feet. And it's in a subdivision of Mission Glen Sec 3. So that is in this part of town, right south of Westpark Tollway and right off of Highway 6. So let's take a look at what the comments are on it and the listing agent, Brent Herman, said come see this Mission Glen Fixer Upper. Hurry, it won't last long. So not a lot to go on from that. But it is, they are asking 95,000 so that's a $60,000 discount. That means you have that much money to work with to do your rehab, pay your closing costs, holding costs, and get your profit. So that's a 39.1% discount and a 1.43 rental index. 
So if you can fix it up for not too much more than that you can possibly have a good rental deal. So there are only 2 other properties listed on the market right now. We look at their pictures. This one's definitely been fixed up nice. And so is this one, although not necessarily modern. That's got a nice tile backdrop in a modern hood, but it gives the colors and stuff. It wasn't painted like you would expect to see. So let's go back and look at the sold properties. 
So our property is listed at $74 a square foot and the sold comps are at $134, $130, $125 a square foot. So those all seem like a good number more than $74 so they've probably been fixed up. Let's check out the comments. Deal of the Year! Super cute house. Manicured lawn, tile throughout, high ceilings, granite counter tops. Beautiful fresh remolding house, probably remodeling. Hopefully, it's not molding. One story home in Mission Bend. Perfect starter home, tile, and laminate throughout. We didn't use that one. Not flooded from Harvey. This one goes into detail about the upgrades. 
Let's take a quick look at the photos of the comps. And here's our subject property. I guess we kind of skip that. Nice little brick house. Yard hasn't been touched in a while. So I'm guessing it's vacant. 
And definitely overgrown yard and there are no pictures of the inside. We just know it's a fixer-upper so kind of plan on a full rehab, kitchen, flooring, paint, bathrooms, all that kind of stuff. So here's one of the comps. That's one we're not using. Here's the one we're using. Let's look through these pictures. Same nice, small, little brick house.  Nice front door, very white. Tile floors. Granite, but not many upgrades in this kitchen at all, still got the white appliances and stuff. So this one's in good shape, but it's definitely not been fixed up really nice. Let's check out the other ones. This one's got a little nicer flooring. Well bigger I think since it's a two story. So that might make it not a very good comp. 
And then when I take that one out. Let's go ahead and do that and see what happens to our price. It's at $155,900. If we take out this one. Whoops. There we go. That changes it to $153,000 so didn't do too much to the value. 
Let's take a look at this one. Nicely done on the outside. It's like new flooring, new paint, and everything on the inside, with a nice tile backsplash. Looks like some kind of hard surface countertop. Nicely done, tile shower. 
You're probably looking at a rehab like that if you want to get top dollar in this neighborhood. Well, that's a very light color. This kitchen looks like it got some old tile flooring, tile backsplash nice granite countertops with the under mount sink. 
So these pictures give you an idea of what kind of rehab you would want to do if you're going to do this house because you want your rehab to match the neighborhood. It's got a nice big backyard. So this is a possible flip, or maybe buy and hold. Depends on those repair costs and what's needed. So as always, make sure you do your own due diligence and happy deal finding.

Real Estate Deal of the Day Houston June 27

This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.
Hello everyone, today is DFW Deal of the Day and our subject property for today is at 4941 Virgil Street, Fort Worth 76119. 
Looking at the details of this property, it's listed at $71,000 and worth about $129,954. It has a list price per square foot of $45.90. And based on the comps in the area, it's estimated price per square foot is $84.60. This one story property has 3 bedrooms, a bathroom with a 2-car garage and this was built in 1960 with 1546 square feet. 
So let's take a look at the map since we don't have photos of the subject property. So yeah, we can check on the map. Alright, so the one with the yellow star, this is our subject property. And you can also check its neighborhood. So yeah, this is our subject property. And let's take a look at, as well, the comps selected by the system. So the system selected 3 comps. And we're getting a good price per square foot, distance is pretty good as well. And it was sold less than a month ago and it's on the same subdivision. 
So, the second comp that we have, it sold over 3 months ago with pretty good price per square foot, as well as the distance. Same with the 3rd comp we have. So checking on the photos of the comps, so this is the these are the photos of the first comp. All right. It's already renovated. Getting the hardwood floor. All right. Now moving on to our second comp, we only have 5 photos for the second comp. 
And our last comp fully renovated as well. So it will give you an idea of how much work you need to do, the things you might be doing to make your property sold in no time. So based on the sold comps in the system, it gives us an ARV of 129,955 so that gives us a discount of 58,954, so that's 45.37%. So this property is good for flipping as we're getting the good discount.
And that ends the deal of the day video for today and happy deal finding everyone.
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Real Estate Deal of the Day DFW June 30

Happy Monday, everyone, and thanks for tuning in. Today's Houston deal of the day is 11234 Ivyridge Road in Houston 77043. It is listed for 199 comping at 305 so that's a, it's about a 32% discount, I believe. There it is, 34.78% discount if you have 106,000 to do your repairs, your closing costs, holding costs and get your profit. It's got a 1.2 rental index, which is not too bad. It looks like you can get about 2300 a month for it in rent. 
Last time clear water came inside from the flood. It only took 3 inches over the tile floor and didn't affect too much because of this wall insulation and baseboard design. So that is something that you are going to want to consider is, whether or not you want to do with something that's probably going to take on a little water again. 
But let's check it out. Going to map, zoom in here. So when we zoom in, we can see that this is across the street and not backing up directly to this bayou here, Addicks Dam. This is one of the reservoirs that they flooded a bunch of homes by letting water out of in Harvey. However, for some reason, it didn't seem to affect this entire neighborhood, as you'll see, when I read the remarks on the other comps. 
Upgraded wood look tile throughout the first floor, bathrooms updated, new countertops, parquet wood floors upstairs bedrooms. Sprinkler system. 
Can't tell for sure, but sounds good, doesn't say whether or not that one flooded. And if we look at this comp right here, I guess that one doesn't say either. Says a beautifully updated home. This one said never flooded, never flooded. High and dry during Harvey, never flooded. So you will want to consider that probably will lower the selling price a bit, but that doesn't necessarily always scare people away. Here's our subject property. There we go. Well it looks all right. Needs a pressure wash maybe, gonna be it. No, we can't tell from here, anyway. There's a nice big corner lot. Looks like you're gonna have to do some work on that fence. 
On some outside pictures. Here we go. Here are some inside pictures close up of the floor and it looks pretty nice. There are the 6-inch baseboards talked about. So I guess if you can be prepared to flood just get your furniture up. There's a lot of stuff in this bedroom. 
So there's the laundry room. I definitely would call the agent and ask about that. Because if it says, as is, that means there's something wrong that they don't want to fix. And that could be what gets this for you at a good price. Let's quickly look at a couple of the comps. That is an interesting floor. Some carpet. 
Nice tiles, a little busy for me. But that's a nice built-in cabinet. Looks like that one's got a newly updated kitchen so that one looks pretty nice. Laundry room. Carpet in the bedrooms. Let's take a look at this one. This one looks like it has not been completely updated. That's got laminate in the bathroom there and all that wood makes it look a little bit dated. And that's comp number 2. I'm gonna go back and take a look. That one sold after it was 122 days ago, after 49 days on the market. Because days on the market is something else you want to consider. This one sold 9 days ago, after 3 months on the market. This one sold 74 days ago after little over a month on the market. 
Same with that one, that one set for 140 days. That one I think isn't quite as nice. Let's look at the pictures of number 7. That looks pretty nice. Still the old laminate countertops on there, but electric cooktop. It looks like they did some work in the bathrooms, but didn't get all the way to the kitchen. And there's some purple. 
So you do want to make sure you fixed it up at least as nice as this one, although I don't think this one needs much work. So I definitely count on it, make sure you do your own due diligence and thanks for listening and happy investing.

Real Estate Deal of the Day Houston July 01

This is Real Estate IQ’s Deal of the Day. And today we found a fantastic deal for you in the Austin and San Antonio market.
Thank you, Steve, and to you our audience. Thank you for tuning into the Real Estate IQ deal of the day. Today we are in the San Antonio market looking at a great potential fix and flip opportunity brought to us by the MLS Deal Finder System. The subject property address 1707 Dellhaven Drive, in San Antonio in the 78220 zip code. Now, this property hit the markets just at the end of July, July 27. It's listed at $79,000 and it has an after repair value estimate of $169,000 for a gross discount of about $89,000 or about 53% off the market value. The subject property is a three-bed, single bath, single story residential property, built in 1961. And it's about 1581 square feet. 
If we look at the map here, here's our subject property right here. And we've also indicated 3 sold comparables nearby. Zooming out, we can see we are on the east part of San Antonio, just south of Highway 10 and West of 410.
Zooming in here, we can drop into Street View to get an idea of the neighborhood and surrounding area as well. The front of our subject property right here. You can see what used to be some recently renovated, or fix and flip properties and some in the more or less original condition. So let's take a look at the comparables here. So these are sold comparables pulled right off of the Multiple Listing Service database. Our subject property is on the first column here and we have three sold comparables all within the same subdivision Dellcrest, all sold fairly recently, within the last 180 days and all of a similar layout, 3-bedroom. Although these comparables do have a second bathroom. So that is something to take note of that is lacking with the subject property. But what you'll see right away is the much higher dollar per square foot, around 120 or closer to $100 per square foot. Whereas our subject property is listed at just about $50 per square foot. So let's take a look at the photos to see why that's case. Here's our subject property. 
And as you can see inside is definitely needing some updates here. So looks like the cabinets, kitchen cabinets and countertops, are the original. We definitely need some patching up here in there and new flooring. It's got popcorn ceilings. So generally, not in the best shape, but nothing from the photos that indicate anything too bad in terms of the rehab. Of course, that does require some due diligence on site to take a look at major items like the foundation, the roof, the HVAC and all that. Piping may need to be repainted. It's hard to tell from the photos here. But we can at least take a look at the comparable property here. This one is a definite recent rehab we have here. Hardwood/hardwood-like floors, tile surround for the bathtub and typical grey paints and stone countertops, stainless steel appliances. So that definitely explains the $120 per square foot value on this property. We have not included property number 2, as it's also in a bit of an, an older refer condition. 
And then property comparable number 3, somewhat in between, but also still very well-kept. It is in very original condition, so lacking updates. So actually this comparable is kind of pulling down the after repair value of 168,000. And that also factors in the fact that all the comparables have 2 bathrooms and our subject property only has 1 bathroom. So that's definitely something to think about. And numbers, maybe, if the numbers in the layout work out, maybe an addition of a second bathroom here will help bring up the resale value. That concludes the deal of the day video for today. Hope you enjoyed this video, please stay tuned for more.

Real Estate Deal Of The Day San Antonio July 02

This is Real Estate IQ’s Deal of the Day. And today we have found a fabulous deal for you, in the Houston market.
Hello everyone. Happy Fourth of July. Today's Houston Deal of the Day is not for the faint of heart. It is a high-end flip in Katy. And the remarks, say the property is 199,000 with Lenders Approval. Property is distressed and priced as is. Has major damage and needs substantial repairs, including foundation, structural damage, new Roof, total new air conditioning system needed. All new flooring, appliances, etc. See photos. It's comping at about 536. So if we look at the investment summary here, they're asking 199 at 536, that's 337,000 to do your repairs, pay your costs, and get your profit. So even if you end up putting 100,000 to rehab, there's still 237,000 left for holding costs and profit. So I think it could be, could be a potential deal. So let's take a little closer look at the photos here. 
There it is. Nice back patio area, all-brick house. So it's like somebody started to tear up the flooring and had a good time with the sledgehammer on the tile. No flooring in that room, it looks like. That one looks alright. Definitely, that flooring is gonna remove there. They're probably flooded, I would guess, especially since it's in Cinco Ranch. There's a chance. There's where you can see evidence of the structural damage with the cracks in the ceiling. Looks like that must be cracked there. And so when your house starts to crack, just tape it together, why not? There's the outside. It's like an issue here with the garage door perhaps. Cupboards don't look bad, it's got granite countertops. So you may not have to do too much to that kitchen. Sorry to say, that's the only picture of it that there is. 
Let's look at some of the comps. There's this one, also brick with very high ceilings. That one's got some, looks like hardwood flooring. The kitchen doesn't look too much different from ours. Here's the next one that was chosen as a comp although that's a 2-story. So we want to take some of these 2 stories out but I don't think it'll make a big difference in the price from looking at the comps. Now there's the other 2. That one got a nice pool. Bigger, grand entry. And then we got this one. So you can see that you definitely would have to do a high-end rehab in this area to make it so as well as those others. So let's go back. 
Here's the map. So here's 99 Grand Parkway, Cinco Ranch Boulevard. So it looks like it's west of Grand Parkway and just off of Fry if you know that area. Not sure if that area flooded or not, actually. Let's go back to the list of the comps. So this, our property is listed at 46 a square foot. This one went for 118. Just talks about everything it's got. This one went for 119 a square foot sold 42 days ago after 14 days on the market. This one, 111 square foot, 87 days ago, 3 months ago, after only 2 days on the market. That one's in Seven Meadows. That's a different subdivision and might want to take that one out because it's a different subdivision. Let's see what happens when we do that. 
That actually raises the price up to 544. Some other comps here that were more than 6 months ago, the computer did not choose this one. Oh, it's in Seven Meadows, different subdivision. Let's keep looking through, here's some more Cinco Ranch West, in the same subdivision. This may or may not be, hard to tell. Those are those last two, it seems. Nicer, 132 a square foot, 126 after 5 and 9 days on the market. So these houses are going fast, 10 days on the market, 7 days on the market. 
So that's always a plus when you're looking at doing a flip. So as always, make sure you do your own due diligence. But thanks for listening. Happy investing and enjoy your Fourth of July.

Real Estate Deal of the Day Houston July 04

This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.
Today is Real Estate IQ Deal of the Day. Our deal of the day is found at 1711 Wynn Terrace Arlington, Texas 76010.  This property has a list price of $95,000 with an estimated price or ARV of $156,764, with the square or the price per square footage is at $76.12. This property has a rental index of 1.4 and an estimated monthly lease of $1,304. 
Other than that, the property has a feature of 3 bedrooms, one bath. This is one story, residential single detached house, built in 1955. So other information can be seen here, such as the square feet or total square feet, the acre, as well as the MLS information, is right here. And if you are interested in this property, you can contact the agent name Robin Alexander with his number over here. Right. And based on the public remark, it is a 3-1 being sold as is. Perfect investment property opportunity. It's a, needs domestic or I mean needs cosmetic make ready. Multiple offers received. Best and final by Wednesday. 
Here's the date I think at 12 noon. So based on its description, this can be, the property is good for fix and flip. So, we will look at the picture later. Alright, so looking at the comparables here, within 90 days recency of the comparables, we got a total of 13 sold properties in that area. 
And 5 active or 5 properties are actively for sale at the moment. Six are being leased and 3 properties are not active or taken out of the market for some reason. Here are the comps that we have and we selected or pre-selected 4 properties out of those 13 sold properties in that area or subdivision. So we selected property number 2, number 7, number 9, and number 12. Why is that? Again, we based it on the following criteria such as property or comparable should have a higher price per square footage than the subject property. Second, the distance is actually at least between, I mean half a mile or less that will be good or the closer the better. The third is the recency, or when was this property sold. So this property was sold 52 days ago and the rest of the comparables that I selected were sold less than, within, I mean less than 90 days ago. Then, other than that, we go to the remarks. So comparables that we need to look at are those that were remodeled, so there's a description here that this was remodeled. 
Remodeled or it was fixed or there were improvements that we're done on the said property, for us to use it as a comparable. So there you go. So selecting these 4 comparables right here gives us the final information at the top, the investment information here. Investment summary, then let's try looking at the photos first. Okay, we selected comps or property number 2 is one of the comparables. This is how it looks like from the outside. The inside of it. It's brown and white, I think the floor is made of laminated wood. Yeah, the bathroom. Okay then. Let's look at number 7. The bathroom. Tiles. This one also looks like laminated wood. Okay, kitchen. This is how it looks like from the outside. Definitely looks good, perfectly. 
Let's look at the other 2. Number 12. This one from the outside of the kitchen. The bathroom, I think yeah, the bathroom. Still more white theme. White paint and I'm not sure if the floor is made up of wood or could be laminated one. Looks like on the outside with the car part. Unfortunately, not able to see the rest of the pictures here for some reason. 
So what we are advising you to do is to still do your due diligence for you to come up with a more accurate repair or rehab budget. But overall this is the summary of our investment here. So the list price is $95,000 and the ARV is at $156,764. We arrived at 39.4% discount amounting to $61,764. So all in all this property has a good opportunity for rental and I think this one is good as well. This is also a good deal. So there you have it, till next time you have a good day.

Real Estate Deal of the Day DFW July 11

Hello, everyone. Thanks for tuning in. Today's Houston Deal of the Day is 406 El Toro Street, in League City Texas. It was built in 1965, is 1130 square feet. And if you look more at the details, it's listed at 83,600, coming out at 152,900. So that gives you 69,000 to work with, to do your rehab pay, your closing costs, holding costs and get your profit from that. 
So, it's a 3-bedroom, one and a half bath, one story, no fireplace, or garage or anything fancy like that. Look at the agent's remarks, it says only lots of potential in this 3/1.5 home with a bonus room. Spacious backyard. And if you keep going, you can see these neighbors got a cornfield right there. If we go across the street. Nice sized yards, comfortable small homes. Except when we get directly across the street, or you can see these trees. So not sure if there's another house in that or not. 
So let's take a look at the comps. This one sold for $178.42 a square foot compared to our 73.98 a square foot. It is in the same school district. But all of these are in different subdivisions. But this is only 0.1 miles away. And it's sold 133 days ago from after only 9 days on the market. This one sold at $107 a square foot, 11 days ago after only 3 days on the market. And that sold out only 4 days on the market. So days on the market here are really low. So these things are going pretty fast. This one did sit for 86 days.  The rest of them have gone really quickly.
And the price of that one that set for 86 days was 179. This was 110, this was 131. So, these may not be fixed up very well. So we may want to take them out of the consideration for the comps which may actually raise the sold price. Let's take a look at the pictures and decide. So here's our subject property, the one we're looking at. So looks worse in that picture. On the map that we went to, looks like there was a garage and they filled it in, turned into an extra bedroom. Windows were boarded up. Oh, that's nice. Obviously, replace all the floors, do some sheetrock work. A lot of sheetrock work look in there. And definitely a hole in the kitchen. 
This one, not sure if this part may have flooded a little bit, or what. You're looking at an absolute full rehab of this House. So that might make it a tight margin for a flip. Let's check out the comp, see how they fixed them up. This was that nice one, that went for a really high price and see they put some granite in the kitchen. Looks like wood floors, possibly a luxury vinyl. Nice deck. Patio, out there. All right, that's all there is, on that. There's the bathroom. 
There you go, there's the bathroom. So you can get an idea of how to fix this one, how to place that vanity with a nice one. Let's go back. And look at the next comp. Now, this one was at a lower price. Let's Go. So this looks like laminate countertops, not completely fixed up. Those, not sure what I'm doing with my pictures and keep looking the same thing. Sorry, not trying to make you dizzy. Here's laminate in the bathroom as well. So this one really hasn't been fixed up. So we're going to take comp number 2 out of the consideration. Right now that has up the ARV to $163,000. 
So it's pretty nice. I think I'm gonna leave this one in as a comp. And then here's the last one is also, I think, is the highest priced one at 179. So you can see, looks like a solid surface countertops, some sort. That's a nice close to the bathroom outlet. Nice mirror, some upgraded fancy sinks right there. So, to bring top dollar. You might be sitting on the market, a little bit longer but it looks like it's gonna be pretty good. So this is a possible flip. Might be kind of a narrow margin, so might be a better buy and hold. So as always, make sure you do your own due diligence. But thanks for listening and happy investing.

Real Estate Deal of the Day Houston July 12

Happy Monday, everyone. Thanks for tuning in. Today's Houston Deal of the Day is 1311 Austin Colony Drive in Richmond, and that is to the west of Houston, west of Highway 99, in an area called Pecan Grove. So, this particular property was built in 1982. It's a single-family home, 3358 square feet, 6 bedrooms, 3 and a half bath, 2 car garage with a pool, fireplace on two stories you can tell. This one's listed for 239,900. They've dropped the price from 249,900. 
It was originally listed on May 20 and then they've dropped the price and it's comping out at 350. The agent's remarks say, lovely home, large den, dining room with built-ins, large kitchen with cabinet space. Large game room upstairs, 5-bedroom, two baths upstairs. The master bedroom is downstairs. That's always a plus. Big backyard with a pool and spa. And it's right close to a golf course. And it looks like it says a golf-cart friendly neighborhood. So let's check it out. Since this kind of a higher-end flip than most at that price point. 
But as you can see it 239,900, that's a 32.42% discount or you have 115,000 to pay your closing costs, holding cost, do your rehab and get your profit. So this looks like a pretty quick really rehab. 
But the cabinets look to be nice. I'm not sure if that stays with the house or not. The unit looks like that it might. And there's, not sure that is probably the golf course. That must be the pool at the golf course. 
So we're gonna want to check out the map on this one. Because that is a golf course neighborhood, I don't see the golf course on this map actually. We zoom in a little bit. The golf course must be around here. So we have to know that comps 1 and 4 and so is 9, those 3 are right on the edge of the golf course. So that's probably gonna give a little higher price point than ours, which is here, locked or so off the golf course. So we definitely want to take that under consideration. So let's check those out. So comp number 1, which was right on the golf course sold for $116 a square foot compared to $71 that ours is listed for. Sold 110 days ago after 108 days on the market. So it's kind of a long day on the market. It's sold for 348 after being listed at 358. 
Now the next comp we've got, sold at 103 a square foot, as did this one. This one sold 67 days ago after 45 days on the market and sold 101 days ago after just 3 days on the market. And it's sold for the asking price of 322. 
Both have, let's see. This one has a pool that one doesn't. But they sold for the same price. I suppose it doesn't matter much. Let's look through our other ones. Here's number 6, sold over 339 after 7 days on the market, less than a month ago. This one sold just 4 days ago after only 27 days on the market. It sold for 389. That's comp 9. That was one of those that is right on the golf course. You probably expect a slightly lower price point for our property. This one still went from $329,900 a square foot and sold after 48 days on the market. 
Bamboo hardwood flooring on that one. This one sold for 429, $112 a square foot. Number 17, I don't remember specifically seeing where that one was. This one I think was on the golf course as well. So we might take that one out. It might be pulling our price up a little bit. If we take that one out, it takes it down to 351 so a little bit but not too far. So this could be a potential flip. I don't know how the neighborhood is for buy and hold. It looks like there are some nice comps for 2300, 5 leased comps. So there are some higher-end leased properties in that area. If you look at the active properties are averaging at about 335. So that is still 100,000 more than this. So with not too much rehab. I think this is a good potential deal. As always, make sure you do your own due diligence. But thanks for listening and happy investing.

Real Estate Deal of the Day Houston July 15

This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.
Hello everyone. Today is DFW deal of the day and our subject property for today is at 1711 Wynn Terrace Arlington 76010. Since we don't have the photos of the subject property, we can take a look at the exterior of the property by going to the map. So let's see, we can grab this little yellow guy on the map. So the one with the yellow star, this is our subject property and its neighborhood. 
Looking at the details of this property, it's listed at 95,000. And it's worth about 152,064 and it has the list price per square foot of $76.12. So based on the sold comps in the area, its estimated price per square foot is $121.85. So this one story house has 3 bedrooms, a bathroom, and was built in 1955 with 1248 square feet. So we can take a look at the comps. So we have 3 sold comps within a quarter mile, which were sold within 180 days. 
So, first comp has this price per square foot, $124.55. Pretty good distance. So let's take a look at the photos of these comps. Here are the photos of our first comp. Well, we have stained concrete flooring, built-in cabinets. And here are the photos of our second comp. It's already renovated. And the photos of our last comp. Well this one is on the same subdivision. Alright, well, this is a pretty large backyard, which will be good for entertainment as well. Covered patio. 
Alright so,as per the listing agent's remark, so it has been already remodeled with updated countertops. So those are the photos of the comp and based on the sold comps selected by the system we're getting an ARV of 152,065 so that gives us a discount of 37.53% or that's $57,064. So we're also getting a good rental index, 1.34. It give us an estimated monthly lease of 1276. So based on the photos of the sold comps selected, so it will give you an idea what are the things that you might need to do so that your property will be sold in no time. So this property is good for flipping since we're getting a pretty good discount as well as for buy and hold. So that ends the deal of the day video for today and happy deal finding everyone.
I want to invite you to my weekly Real Estate Talk, every Monday and Wednesday at 6 PM. This is an online event so you can join anywhere. But every Monday and Wednesday at 6 PM, I would invite a successful Real Estate entrepreneur to join us and we will interview them and they're gonna share with us their entrepreneurial journey, and you know what they think is what made them successful. I think you will find a lot of really cool stories there, and more stories you know as entrepreneurs we always want to learn from other people what their experiences have been. It's gonna help us be a lot smarter. We'll also talk about anything in real estate. For example, we do real estate deals market update, to kind of talk about a general market real estate market in general and you know where the deals are coming from and all that good stuff. So a very interesting Real Estate Talk. Make sure you join us!