Real Estate Deal of the Day DFW May 18

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Today's DFW deal of the day is at 1220 Arlington Avenue W, Fort Worth, Texas. The subject property is listed at $205,000 with an estimated ARV of $286,000, giving off a discount of 28% off of market value.

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Today's deal of the day is at 2522 Clarendon Drive West Dallas 75211. It's originally listed at $143,900 and currently, its list price is $128,000. So this property is worth about $185,408 with the list price per square foot of $124.03. So based on the comps in the area, it's estimated price per square foot is $179.66. So that's one-story property, has 3 bedrooms, 2 bathrooms and was built in 1924, with 1032 square feet.

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The Real Estate Deals Update features the latest scope on where all the good real estate deals are. We also cover a little bit of how the real estate market is doing in general and then we’ll show you where the hot pockets are. We will also feature the deal statistics, including historical trends for MLS Deals and Pre-foreclosure filings. This is a good educational piece that you should not miss, as it will guide you on where to find most of the good deals. Enjoy learning!

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Today we are in the Austin metro area or I should say the greater Austin area, looking at a great potential fix and flip, or buy and hold, or potentially a vacation rental property brought to us by the MLS deal finder system. Subject property address is 205 Golf Course Drive, this is in Spicewood, and that's in 78669 zip code. So the property is listed for $99,000 and based on a sold comparable that we've pulled up here, we are looking at an after repair value of about 162,000. So that makes for a gross discount of about $63,000 or 39% off of market value.

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