4 beds 5 baths 3,289 sqft Stunning cleaned-lined transitional home on an oversized lot in the heart of Highland Park. Walking distance to Highland Park Village, Bradfield Elementary and the Park Cities YMCA. This home was taken to the studs and completed in late 2016. It is light and bright with abundant natural light. Master suite, study, dining room and two living areas are downstairs. Beautiful, open kitchen with marble countertops, center island and top of the line Miele appliances opens up to family room with views of the beautiful backyard and patio. The private main floor master suite boasts his/her walk-in closets and gorgeous quartz bathroom with double vanity and soaking tub. The three upstairs bedrooms all have walk-in closets and ensuite bathrooms. The upstairs also features a large laundry room. Guest quarters is attached to the detached two car garage. This home has it all – truly a must see! Facts and Features Type: Single Family Year Built: 1923 Heating: Forced air Cooling: Central Parking: 2 spaces Lot: 9,000 sqft Price/sqft: $562 Interior Features Bedrooms Beds:4 Bathrooms Baths: 4 full, 1 half Heating and Cooling Heating: Forced air Heating: Electric Cooling: Central Appliances Appliances included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer Flooring Floor size: 3,289 sqft Flooring: Hardwood, Tile Other Interior Features Fireplace Ceiling Fan Room count: 9 Spaces and Amenities Security System Construction Type and Style Single Family Materials Roof type: Composition Exterior material: Brick, Wood Dates Last remodel year: 2016 Built in 1923 Other Construction Features Stories: 2 Exterior Features Patio Patio Yard Fenced Yard Lot Lot Size: 9,000 sqft Parcel #: 60168500040130000 Community and Neighborhood Schools Elementary school: Bradfield Middle school: Highland Park High school: Highland Park School district: Highland Park ISD Parking Parking: Detached Garage, 2 spaces, 400 sqft garage Utilities Cable Ready Sprinkler System Sources MLS #: 13883376 This beautiful home has been featured in D-Magazine as Best homes of 2018 and featured on the website on October...
5 beds 7 baths 5,933 sqft Stunning Brand New Transitional Construction by Prous Homes. Every bell and whistle in this open floorplan accented by free-standing all-glass wine cabinet, linear Heatalator gas rock fireplace, downstairs Master Bedroom and Study, huuuge patio with cozy fireplace, oversized 3 car garage and a wonderful pool-sized backyard. The stones, tiles, woods, designs and finishes throughout are exquisite and the appliances and fixtures are top-grade. Walk to St. Marks, Central Market and Preston Royal shopping. This spectacular new home should be featured in the next Architectural Digest. Facts and Features Type: Single Family Year Built: 2017 Heating, Forced air, Cooling – Central, Parking – 2 spaces Lot: 0.28 acres Interior Features Bedrooms: Beds: 5 Bathrooms: Baths: 6 full, 1 half Heating and Cooling Heating: Forced air Heating: Gas Cooling: Central Heating: Central Air-Electric Appliances Appliances included: Dishwasher, Freezer, Microwave, Refrigerator Other Equipment: Water Line to Refrigerator, Disposal, Plumbed For Gas in Kitchen, Commercial Grade Vent, Commercial Grade Range, Dual Fuel Range Flooring Floor size: 5,933 sqft Flooring: Hardwood, Tile Other Interior Features Fireplace Vaulted Ceiling Ceiling Fan Storage Interior Features: Decorative Lighting, Flat Screen Wiring, Sound System Wiring, Smart Home System Building Size Lot Size Units: Acres Lot Size: Less Than .5 Acre (not Zero) Other Building Features Security Features: Smoke Detector, Burglar, Owned, Carbon Monoxide Detector, Exterior Security Light(s) Foundation Details: Pier & Beam Spaces and Amenities Spaces Wet Bar Amenities Security System Construction Type and Style Structure type: Other Single Family Architectural Style: Traditional Structural Style: Single Detached Materials Roof type: Composition Exterior material: Brick Double Pane/Storm Windows Construction Materials: Brick Dates Last remodel year: 2017 Built in 2017 Other Construction Features Stories: 2 Exterior Features Patio Porch Yard Lawn Fenced Yard Lot Lot: 0.28 acres Other Exterior Features Parcel #: 00000411919000000 Fencing: Wood Community and Neighborhood Location Neighborhood name: 11 County Or Parish: Dallas Schools Elementary school: Prestonhol Middle school: Benjamin Franklin High school: Hillcrest School district: Dallas ISD Parking Parking: Garage – Detached, 2 spaces, 400 sqft garage Parking Features: Garage Utilities Cable Ready Sprinkler System Wired High Speed Internet Ready Utilities: City Sewer, City Water Green Energy Limited solar potential Sun Number™: 43 Energy Saving Features: 16+ SEER AC, Tankless Water Heater Sources MLS #: 13636099 Other Price/sqft: $363 Financing Proposed: Cash, Conventional Building Area Source: Appraiser Possession: Closing/Funding Transaction Type: For Sale ...
Many newspapers all across the Nation reports on a new trend in real estate: high-end house flipping. Realtors say the time is right for investors who can afford it to stop putting their money into fixer-uppers, and start investing in luxury homes. As an example, Dallas Morning News cites listings like, a 6-bedroom 7,750-square-foot home with indoor and outdoor pools, and a list price of $2.695 million. “Five years ago, nothing was selling in the upper bracket,” said Viktor Derkach, founder of Derkache Investment. “But now listings and pending sales for million-plus homes in upper class neighborhoods are up, and short sales and foreclosures in that category are now rare. “ A recent report from RealtyTrac shows a steep drop in the number of single-family home flips in 2013. Meanwhile, high-end flipping (homes priced at $750,000 or more) rose 34 percent. Most of these are taking place on the coasts, but data show the trend alive in Dallas too. “That’s definitely what we’re seeing,” said broker Ryan O’Neill of ReMax Advantage Plus. “Early on, as the market really crashed, a lot of people were gobbling up bank-owned inventory. But there’s only so much of that. A lot of those have gone through the pipeline.” According to The Skinny, a blog for real estate insiders, home prices are up compared to a year ago, with foreclosed homes making up a declining percentage of all sales. Homes are selling at the quickest pace in seven years, spending an average of 75 days on the market, with sellers receiving the highest percent of what they’re asking, an average of 95.8 percent. “The sharp rise in high-end flipping indicates there is still good money to be made for flippers willing and able to take on the additional risk of buying and rehabbing more expensive homes,” said Daren Blomquist, vice president at RealtyTrac, in a release. That means investors need deeper pockets and a big appetite for risk. The new trend leaves small investors behind. One of the risks is investing too much in a luxury property. “When people are buying that kind of property, a lot of them say, ‘I’d like new construction, to pick it out myself, ’ ” said O’Neill. “It can be a losing proposition if a person understand the three rules,” said Victor Derkach. “No 1. Buy it right. No. 2. Know how much you need to put into it. And No. 3, know what it will sell for.” The last rule is especially tricky because sale price is a moving target. “The market is continually...
For many, your home — and the mortgage that backs it — is not only your most valuable asset but also your most valuable investment. Put it to work to stimulate your own financial well being. You can wisely bank on your equity, you aren’t strapped to your original mortgage and you can otherwise manage the asset for growth as you should with any financial asset. Home equity primer Initially, a home purchase typically comes with home equity — the difference between your mortgage balance and the value of your home. When you buy a home with a down payment of, say 20 percent, you have a 20 percent equity stake in your home. Over time, mortgage payments made against the principal and appreciation can give you a larger equity stake. Likewise, depreciation can reduce your stake. Lenders allow you to borrow money against some — but rarely all — of your home equity, provided you qualify with good credit and adequate income. Just keep in mind, when you use your equity, you lose it. A home equity loan, by its very nature, is an equity-depleting loan. You don’t have an unlimited amount of equity to bank on, so use it wisely. With two mortgages, should interest rates rise and push up both monthly payments, you could quickly reach an affordability point of no return. Wise home equity uses The best uses of home equity are for capital improvements, investments that provide and equal or better return on your money than the cost of the loan. That can include certain home improvements, education for the kids or financing a new business. Another wise equity use can be to purchase a second home, provided the second home is affordable or is an investment property with a positive cash flow from rent or other use income. You can also use equity to consolidate more expensive debt, say credit cards, but only if it’s a one-time consolidation effort, you close the accounts and don’t reopen them or others. Sock away the money you save on a consolidation or money earned on investments to help eliminate the need for credit and buy those big ticket items. Avoid using your home equity to buy expensive cars, boats, RVs, vacations, home theaters and other items that don’t give you a return on your money. When to tap equity Plan for your equity based investments based on real need and carefully considered financial goals, costs and returns. There are, however, times when you should consider tapping your equity before you need it, say, before an impending job loss — at which time a lender will be less likely to approve a home equity loan. The best back up home equity loan is a home equity line of credit (HELOC). Like...
House Flipping Advices Flipping in a nutshell is purchasing a property, and then selling it for profit. This process is generally carried out in a very short amount of time, making the flipper a decent amount of profit, in the shortest time period possible. People have been flipping homes for decades, however the term is only now becoming popular, as is the practice of flipping a peice of property. Generally when in search for a house to flip a flipper will look for a house in duress, whether it is a tax lien home, a home being foreclosed upon, being sold in an estate sale, or just a house that is showing many signs of age, the flipper is looking for a house that can be bought for much less than it will later be sold for. As you may have seen on recent television shows such as Flip This House, or Flip that House, etc. A very popular way to Flip a House or a piece of real estate is via renovation. As a real estate investor, the house flipper looks for a property that is outdated, or in need of cosmetic assistance, in a good neighborhood, where the home will later sell for a tidy profit. Renovating Real Estate in Duress An investor that looks for properties in need of renovation generally provides the community surrounding that property with a great service, if in no other way than by removing a possible eyesore, or just increasing property value all around by making the real estate property more appealing. However, not all people that flip houses for a living renovate these houses, in fact, many are bought in foreclosure, or in estate or other like sales at a bargain, with the intention to quickly flip the house at market price, or the best price they can bring from the property, without actually making any investment past the price of the home. As with any investment, there is always the possibility that you will not get back what you put in, things can come up later in older properties that you didn’t see before purchase, termites perhaps? Any number of things can come up during a flip, when they do, you may take a loss, in the meantime however, whatever happens, we’ll be hear to give you advise in the forum, to take your advice during our adventures, and lastly to hear your brags, and...
Opportunity-driven, value-added acquisitions
Derkache Investments pride in finding opportunities where others see none
Founded by Viktor Derkach in Dallas, Derkache Investments is a vertically integrated real estate investment and management company based in Dallas, Texas. Through our family of real estate fund vehicles, we acquire real estate assets, either directly or indirectly, by investing at various levels of the capital stack. We seek to invest in real estate assets at a cost-advantageous basis and drive value through a focus on operations and cash-flow management. We attribute our success to our ability to invest opportunistically and to assume the role of both investor and operator, across all asset classes and stages of the economic cycle.
Derkache Investments provides a variety of real estate services ranging from investment and asset management to mortgage lending as well as real estate sales services throughout Texas, Florida and Toronto Area in Canada. Known for its commitment to excellence, Derkache continues to offer its customers competitive products and unparalleled service.
Residential division of Derkache Investments offers expertise in a variety of real estate investments, including land development and residential home building as well as the acquisition and disposition of distressed real estate assets. With the help of a knowledgeable team of experienced professionals, the company provides
Learn More
