House #19 – Rented Up

House #19 – Rented Up
House #19 has been on the rental market for about 3 weeks now.  Meeting with potential tenants, asking them the right (but legal questions) has definitely been a learning experience for me.  We got four applications in, the first two had credit scores under 550.  One I turned down...
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More Competition, Market Going Up

More Competition, Market Going Up
Remember how I keep saying I think the market is going to slow down a little bit as the winter comes.  Well, we are now in November, and the real estate market is probably going up 2% a month or more.  That is more than 24% a year (don’t forget about compounding numbers). To...
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Real Estate Investors – What Not to Buy

Real Estate Investors – What Not to Buy
Finding that perfect deal that meets all the rules is already so difficult, but there are some problems properties have that no investor can fix. I thought I would make a list of some of the things that get me to pass on a property, no matter what the price is: Busy Streets This...
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Rental House #5 – Needs Some Repairs

Rental House #5 – Needs Some Repairs
We closed on our latest rental at the end of October.  We are excited about this project, this is a nice house that is newer then our typical inventory.  It’s just over 1,200 sq ft, a 3 bedroom, 2 bathroom built in 1990.  This property is in a Home Owners Association which...
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Another Wholesale Deal Done – House #23

Another Wholesale Deal Done – House #23
We just closed all of the paperwork on House #23 on Thursday.  The buyer is a local business man who buys properties for cash.  He buys only in good areas and rents them out. At the end of the day we gave him a good deal and he used his funds to close my escrow and I gave him a...
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