garner living before picturegarner living after picture

If you look at a lot of flipped houses in the under-$400K range, a pattern starts to emerge in the look and feel. In the sea of beige, you might occasionally see something unusual, but for the most part, flippers follow the “what will appeal to the largest audience and cost the least” formula.

burns family

The Burns family

So when we saw the work of husband-and-wife team Eddie and Tiffany Burns, two Collin County house flippers, we stopped in our tracks. They break the mold by buying and flipping houses in the $275-$350K range that have remarkable style, memorable amenities, and not a hint of boring beige anywhere.

“I do the design and I try to make it look like I would live in the home,” said Tiffany, who is a Realtor and broker with Keller Williams Frisco, as well as an interior designer. “If you spend just a little bit more, you can make it look so much nicer and people feel like they got something nicer than a standard [flipped house].”

Eddie is an adjunct professor of negotiation at El Centro and for the SMU Masters program, as well as a seasoned home remodeler. He has previous experience working for national new homebuilders.

“We’ve both been in real estate industry for 10 years and we’ve seen ups and downs and we’ve seen people be successful with this,” Tiffany said. “With the market the way it is, we thought we’d try it and it has become our main business.”

The couple bought, renovated, and sold their first Collin County house in September 2015, and have seven under their belt. Two are currently under contract, one is listing this week, and one will list in three weeks.

The goal? Twenty flipped houses this year. They’re well on their way.

“Eddie and I we like helping people—the first five years we were in real estate, we did primarily first-time homebuyers and we’re driven by making a difference in someone’s life, especially someone starting out or a young couple,” Tiffany said. “That’s part of the payback and most of our homes are in that price range.”

(more…)

Zip Code 75235

West Love: Inwood, Harry Hines and Denton Drive

Let’s get our noses out of house porn for a minute to wander through an up and coming neighborhood. DCAD calls it Lovedale 2 (or unappetizingly Slaughters Brookdale), but as far as I know, it has no fancy name to woo buyers to its hipness. It’s pre-hip. If other hip locales cool, maybe this area becomes a hip replacement (boooo, bad pun, bad Jon).

I’ll call it West Love Field or West Love … hmmm, I like that … West Love … and homes are selling FAST! In the hours it took to write this, two of the properties featured below went under contract.

East of Love Field has been in full-on gentrification mode for a while now, only pausing for the recession (as did we all), but West Love hasn’t really gotten any lovin’. It’s loosely bounded by Denton Drive, Harry Hines and Inwood. There are plenty of warehouses on Denton Drive, but there are also a lot of smaller cute starter homes that are a hop from downtown, UTSW and the monkeyshines of the Gayborhood … oh, and Love Field. Perfect for medical folks or air mattresses, trolley dollies in-flight personnel.

Speaking of the airport … I said, SPEAKING OF THE AIRPORT … Oaklawnians have lived cheek by jowl with Love Field since the beginning (well, since 1917 when it opened as an army pilot training facility). The “Oaklawn Pause” is what happens when a plane flies over during a conversation; it pauses. Homes east and west of Love Field are somewhat better off. Planes take-off and land from the north-south, meaning these east and west areas are not being directly flown over – but what a cool place for a roof deck.

For many years when homes hit the market, they were in somewhat calamitous condition. That’s changing, but things are still wonderfully affordable here and sure to rise. How wonderfully affordable? Try $125,000 to $135,000 for 1,100 to 2,031 square feet, many on pretty sizeable lots 50-foot lots!

Here’s a smattering of what’s available and going gone fast.

(more…)

3256-northaven-rd-dallas-tx-MLS-1

This is such an incredible deal on a professionally remodeled home in Kenilworth Estates!

Completely redone by T2 Construction, this home is perfect for a family who wants to move into a practically brand-new home! This three-bedroom, two-bath home at 3256 Northaven Road has 1,993 square feet and is marketed off MLS by Realtor Matthew Rice of The Trophy Group for $269,000.

(more…)

 

The WOw Factor Modern Family

(Photo: ABC/Modern Family)

Loved this column in the Dallas Voice about flipping, mainly because I have said this myself a time or two: Flipping homes is a lot harder than it looks!

And yet, TV shows such as Will & Grace, Modern Familyand innumerable programs on HGTV and DIY show people navigating the dicey waters of flipping residential properties.

“Surely it can’t be that hard,” a friend said to me at a get-together. “Well, cut in a few laugh tracks and at least it sounds like fun, right?”

In Arnold Wayne Jones’ Oct. 4 column, he notes that when it comes to flipping homes, gays are like moths to a poorly decorated flame. “Clearly, it’s something the gays were meant to do,” he says.

The truth is much more complex — and expensive — according to Dallas Realtor Keith Yonick. You’ll have to read the whole story, but the gist is that if you want to try flipping, don’t bite off more than you can chew, and find an experienced Realtor to help you find a good investment.