Goal: Get a House By the End of the Week

Goal: Get a House By the End of the Week
If you have been following the blog for a while you’ll know we have had some great months, with a lot of acquisitions as of late.  But so far in November we’ve only had one closing (House #26). Right now, we have one property in escrow (House #27).  But I would like...
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House #27 – Next Rental House

House #27 – Next Rental House
Here is our latest purchase, we put this house into escrow about ten days ago.  This house is different from our typical purchases as it needs next to no repairs. The house was originally built in the 1940′s, but the previous owner did a really good job of a permitted bedroom...
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House #26 – Video of House and Pool

House #26 – Video of House and Pool
I got the new iFlip MinoHD camera so I could start to add some video blogs to the web site.  The video is pretty shaky but it should give you a good idea of what the house looks like and the damage done. Video of the Inside Video of the Pool Area Let me know what you think. Happy...
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Flip that Mansion – Latest Project

Flip that Mansion – Latest Project
This deal was kind of confusing, so I did not mention it on the blog until we closed escrow, earlier today, just to make sure we actually got it. This property isn’t even close to what we normally buy, it was built in 2003, it is over 4,000 sq ft and it has some very impressive...
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Short Sale Flips – Watch out!

Short Sale Flips – Watch out!
Anyone who is doing short sale flips (or even considering it), especially same day flips, needs to read this article. The FBI is not a fan of so called investors who get involved in selling short sales within 24 hours of them buying them. The FBI recently added short sale flipping,...
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House 18 Under Contract

House 18 Under Contract
We got 12-14 offers on House #18.  Our FHA 91st day is 11/19 so it was time to decide which client we wanted to work with, or counter offer a group of them. One of the main things I have learned when selling a property to a entry level buyer, is be PICKY.  Sure a lot of people can...
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The Weekly Networth Statement

The Weekly Networth Statement
I just finished re-reading The Millionaire Real Estate Investor by Gary Keller and man is it a great book.  There are so many great concepts, but I want to discuss just the importance of doing a Daily, Weekly or Monthly Networth statement. I have been keeping track of most of the...
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House #20 – Before and After

House #20 – Before and After
House #20 is finally finished.  The cleaning lady just finished the property today and boy was she surprised to see how big this house was compared to normal (about 2,300 sq ft).  The house is five bedrooms, three bathrooms and has a garage conversion that is a one bedroom one bathroom...
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Know What You Want!

Know What You Want!
Real Estate Investors is a very broad term.  This could describe someone who owns one $5,000 rental house in Detroit or someone who owns hundreds of multi-tennant commercial buildings across the country.  One of the biggest challenges beginners face, is all the options there are...
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Know your Competition – Real Estate Investing

Know your Competition – Real Estate Investing
When you read the title of this thread, you are probably wondering where I am going with this article.  This is not about working with or being friends with your competition, although I think that can be valuable.  It is about knowing the deals other people are getting. I have this...
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