Flip House Robbed – House #18

Flip House Robbed – House #18
Sorry for the lack of updates this week.  I have been really busy trying to hold two possible purchases together.  One of them fell apart for sure, but it looks like we are going to be able to make the second one work.  It is a little bit different then our normal stuff. House...
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Latest REO Deal – House #22

Latest REO Deal – House #22
This is the last house we closed escrow on.  It has decent curb appeal, not my favorite colors, but it gets the job done.  My favorite parts of this property is it had a 14,000 sq ft lot and we already have a tenant ready to move in. Our heating and air conditioner contractor went...
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Rental House #19 – Before and After

Rental House #19 – Before and After
We are finished House #19, in great timing, we closed escrow about 30 days ago and now we’re finished!  The house is fixed up really nice and we should really flip it, but because 2/5 of our profits would go to taxes we aren’t in a rush to get rid of it. One of our workers...
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Cash Offer on House #17

Cash Offer on House #17
We just got our third offer on House #17 today, and it was almost full-price cash.  The family is wanting to move closer to their sick mother and sold their house closer to LA. This is not the first offer we have received on one our properties, someone gave us a cash offer on House...
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Busy Week, Blog Suffered

Busy Week, Blog Suffered
For the small, but loyal group of regular readers I have sorry for the lack of posts this week.  I have been busy. We closed four purchase escrow in August, four purchase escrow in September, and have four purchase escrows lined up to close in October.  Quite frankly, I have been...
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First Offer on House #17

First Offer on House #17
Last night, we got an offer faxed to us for House #17.  The offer was about $20,000 under our list price, but the buyer seems very strong, $150,000 down and with conventional financing for about the same amount.  I have not issued a counter yet, I think I will wait until Monday...
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House #23 Wholesaled

House #23 Wholesaled
I just got back from House #23 to meet the wholesale buyer and one of the “middleman.”  About a month ago one of my colleagues introduced use do one of the biggest wholesalers in the area. He helped us sell House #21 and he is working on the duplex (thinking one of his...
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Scams Polar CMC Inc and Escrow Stream?

Scams Polar CMC Inc and Escrow Stream?
Overnight, it seems like California escrow companies are trying to introduce a new service and pass on the huge costs to their buyers.  On the last two transactions I have done they have added in fees for Polar CMC Inc ($195) and Escrow Stream ($60). They’re adding to their...
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Duplex we have for Wholesale – House #25

Duplex we have for Wholesale – House #25
Here is a picture of the duplex we are working on wholesaling.  The property is slowly growing on me and it’s a bit more turnkey then I originally thought, the interior does not need that many repairs, mostly just the roof. The duplex has a 2/1 unit and a 1/1 unit with a big...
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Code Enforcement – House #17

Code Enforcement – House #17
About a month ago some of the workers told me a city vehicle drove past the property and was taking pictures of it.  For obvious reasons this concerned me but I hadn’t heard from anyone so I forgot about.  Until this morning, right after I made the Before and After post I...
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