Jon Baker NextHome Integrity Group
Counties: Dallas, Denton, Johnson, Paker, and Tarrant
Cities and Towns: Aledo, Arlington, Azle, Benbrook, Bedford, Blue Mound, Carrollton, Colleyville, Dallas, Decatur, Desoto, Denton, Flower Mound, Fort Worth, Frisco, Euless, Grand Prairie, Grapevine, Haslet, Hurst, Irving, Keller, Lakeside, Lakeworth, Lewisville, Little Elm, McKinney, Newark, North Richland Hills, Paradise, Richardson, Richland Hills, Saginaw, Southlake, The Colony, Weatherford, and White Settlement
Licensed Since: 2003 TX License # 9005315
About Jon Baker
I am a full time real estate broker in the Fort Worth area. I have been a listing agent for foreclosures for many years although I’m currently not listing for banks. I have worked with multiple investors to buy or sell rental properties as well as many rehab properties (flips). I have a lot of experience determining ARV on properties BEFORE the purchase as well as pricing, marketing and selling them afterwards. I have personally sold over 700 properties.
Of the 700 sold homes, approximately 350 have been for banks and investors.
Although I am the broker for my firm, I have managed to flip 2 homes personally in the last couple of years and did one wholesale home.
While I still do traditional home sales, I enjoy working with investors to find the right house and create a passive income or quick profit.
The Dallas/Fort Worth metroplex has experienced amazing growth over the previous 5 years. With large companies like Toyota, Amazon and many more moving to our area. We have seen huge expansion of residential development that will last at least for the foreseeable future in my view.
Investment Price Points
Entry level investment points have been on the rise in the previous 3 years. Currently for single family investment properties, prices begin at around the $160-170k area for buy and hold rental investments. The buy and hold approach can be successfully implemented for cash flor up to approximately $250-275k for single family homes. There are pockets where executive style investment makes sense but that is the exception not the rule.
Multifamily units are available with significant variations in pricing depending on area. From the $200k range up through $450-600k range for full duplexes and some triplexes or 4 unit properties.
For flips, the range for single family detached homes in need of full or partial rehab begin at around $100k, with some exceptions as low as $75k. However, on these very low end flips, if the property is in an area of decent appreciation, there are currently bidding wars on homes below $140k with many cash buyers competing.
Rehab purchases can be found in great areas in the $300s with resale prices in the $500-600k range with good rehabs and great marketing.
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