House #13 – Same Story… Multiple Offers Above Asking

House #13 – Same Story… Multiple Offers Above Asking
Well, I can’t really complain, but we listed House #13 Monday night and now (Thursday night) we have 5 offers all above asking price.  The market seems to be really hot right now and we are sure reaping the benefits, if only we could of bought more properties! There are two...
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House #6 – Over 100 days in Escrow and Sold

House #6 – Over 100 days in Escrow and Sold
We received the offer on House #6 on 3/12/09.  The buyer was not very qualified, but I was slightly in-experienced and based on their lender approval latter, we negotiated and accepted the offer.  Everyone seemed very motivated along the way, so I thought we could make it work. Around...
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FHA 90 Day Rule – Revisited

FHA 90 Day Rule – Revisited
I have noticed a lot of visitors come to my blog when searching about the 90 day FHA flip rule, so I thought I’d elaborate a bit more on my recent experiences. We have closed five or six FHA transactions and have four more in escrow over the last year.  All fix and flips. You...
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California Escrow Companies – How to pick one?

California Escrow Companies – How to pick one?
So you’ve decided to get into wholesaling, flipping or the rental game.  Everyone has told you to get a strong support team ready to make your business a success.  Picking a good escrow company can make or break your business. To get to the basics, an escrow company is the...
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House #11 – The Rundown & House #8 Sold

House #11 – The Rundown & House #8 Sold
Both House #8 and House #11 are both SOLD !!! Fittingly enough, we bought them 2 days apart from the same agent and sold them on the same, just over 5 months later. I have already posted pictures of House #8, but have posted very little about House #11. It is a townhouse unit quite...
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House #15 – We got another one!!

House #15 – We got another one!!
Happy Independence Day! This business is streaky and after missing out on the really good one I mentioned in my last post, I was a bit disappointed because I thought we had a really chance of getting it.  On Friday we put in a really low offer on a 2 bedroom, 1 bathroom house and...
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Finally got one!

Finally got one!
Well, after many offers, we finally got an accepted one.  This house is an okay deal and we most likely planning to wholesale it.  We can probably make 60-70% of the profit we’d regularly make fixing and flipping versus wholesaling. It is a 4 bedroom, 2 bathroom with a pool. ...
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House #13 – Rehab Moving Forward

House #13 – Rehab Moving Forward
The rehab of House #13 is going great, no major problems or budget over runs.  We could have been finished by now, but the FHA 90 day period is not up for another 3 weeks, so we aren’t rushing things.  We did a 175 sq ft addition (bathroom and walk in closet) to this house,...
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