Address

6901 Ligustrum
Austin, TX
Specs: $479,000 Acquisition & Renovation Residential Investment

The Acquisition and Renovation at 6901 Ligustrum in Austin, TX by Real Estate Investor David McKenzie of Texas Oil Unlimited, LLC is an exciting project to feature. Check out these revealing photos, read about the specs and work done, and hear David’s input on working with Streamline Funding as well as advice to the new Real Estate Investor.

Details Value
Est. Loan Amount $479,000
Property Value $715,000
Gross Profit $236,000

This property at 6901 Ligustrum Cove (78750) is a 4,190 square foot, four bedroom, three and a half bathroom, two story home in Austin’s Jester Estates neighborhood. The Investor skillfully performed a major remodel of the home. Some of the main improvements included the addition of new hard scraped wood floors, new interior and exterior paint, updated trim and moldings, and a walk out patior off of the two downstairs bedrooms.

In addition, the kitchen was remodeled with new shaker style cabinets, granite countertops, and stainless steel Bosch appliances. The master bedroom had 136 square feet added, and the master bathroom was remodeled with stone floors and shower, granite countertops, and a 6 foot Whirlpool tub.

The Investor, Texas Oil Unlimited, LLC, is the business entity of David McKenzie, an experienced contractor, engineer, and real estate investor. He was joined on this project with his daughter, a licensed real estate agent, and his wife, who owns an interior design and home staging company. McKenzie describes working with Streamline Funding as “good, a very simple process as long as the numbers worked. Romney and Chris (VP of Lending and Regional Production Manager) were great to work with. We had all of these questions and they sat down with us and went through point by point. The whole team there seems to be great and we had a great experience.”

As far as advice to the new real estate investor, McKenzie relates, “It’s a lot of hard work. Find a good designer and real estate agent. Back up your claims with comps. Work with a deal that makes sense. Figure in room within the budget. Keep it simple.”

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