Comments on: January 2010 Goal Summary http://buildbankroll.com/2010/01/january-2010-goal-summary/ Fri, 23 Jul 2010 09:42:33 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Mike Z http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-426 Mike Z Sun, 07 Feb 2010 06:21:47 +0000 http://buildbankroll.com/?p=898#comment-426 Nice work, now we are both accountable, just got #2 in escrow should close by 28th of Feb (So far 1 a month :-) Thanks for keeping me honest ... Nice work, now we are both accountable, just got #2 in escrow should close by 28th of Feb (So far 1 a month :-) Thanks for keeping me honest …

]]> By: BJ http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-415 BJ Wed, 03 Feb 2010 22:19:03 +0000 http://buildbankroll.com/?p=898#comment-415 I have gotten "pre-approvals" from two wholesalers in the area but neither have anything promising at the time. I have paperwork out to a HML and have looked at four houses. One looks promising if the HML comes back ok...fingers are crossed! I have gotten “pre-approvals” from two wholesalers in the area but neither have anything promising at the time. I have paperwork out to a HML and have looked at four houses. One looks promising if the HML comes back ok…fingers are crossed!

]]> By: stephen j. moore http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-414 stephen j. moore Wed, 03 Feb 2010 20:33:33 +0000 http://buildbankroll.com/?p=898#comment-414 Well i have been able to get 2 deals closed as i've brought a buyer to deals,on my own though i haven't, i need to get some good marketing going,i've also been talking to hml's about rates and terms as well. Well i have been able to get 2 deals closed as i’ve brought a buyer to deals,on my own though i haven’t, i need to get some good marketing going,i’ve also been talking to hml’s about rates and terms as well.

]]> By: Jennifer http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-410 Jennifer Tue, 02 Feb 2010 05:06:02 +0000 http://buildbankroll.com/?p=898#comment-410 Apparently, according to my partner, the rehab "looks like a tornado hit it" this morning. I haven't seen it for a week, so this is surprising since demo was 2 weeks ago.....not nervous yet. Everything is ordered and looking good for Feb 20th list date. I think we have a 2nd property already!!! I will know for sure by Friday. I need to take the last course exam, probably tomorrow, and then schedule the real estate test. I have no idea how I am going to pass that thing - hopefully the weekend crash course you told me about months ago will do the trick! Apparently, according to my partner, the rehab “looks like a tornado hit it” this morning. I haven’t seen it for a week, so this is surprising since demo was 2 weeks ago…..not nervous yet. Everything is ordered and looking good for Feb 20th list date.

I think we have a 2nd property already!!! I will know for sure by Friday.

I need to take the last course exam, probably tomorrow, and then schedule the real estate test. I have no idea how I am going to pass that thing – hopefully the weekend crash course you told me about months ago will do the trick!

]]> By: qknic http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-408 qknic Mon, 01 Feb 2010 23:51:25 +0000 http://buildbankroll.com/?p=898#comment-408 sorry for the reference to the pics, I have this blog on myspace for my friends and family. So far right on track! Congrats on hitting your goal for the month! sorry for the reference to the pics, I have this blog on myspace for my friends and family. So far right on track!

Congrats on hitting your goal for the month!

]]> By: qknic http://buildbankroll.com/2010/01/january-2010-goal-summary/comment-page-1/#comment-407 qknic Mon, 01 Feb 2010 23:49:27 +0000 http://buildbankroll.com/?p=898#comment-407 Working on selling the first rehad, have a few interested but no contracts yet. Construction started on the second rehab today. -- Christmas & New Years Flips Update- Closing on my New years flip today. Going to be a good purchase for me. Finished construction/rehab on my Christmas flip. Go to my pics for the specs. This one was my first since April of 2009. (My current primary residence). Long story short- I get a few calls from different people wanting to invest in real estate. One didnt think I was worth a monthly retainer, the other didnt contribute anything of value. But what these calls did for me was reignite the passion and drive that I had only a year ago. So I go through my usual hunt for bargains and deals. As luck would have it I trip and fall over my Christmas flip. I actually came across this deal 2 months prior but paid no attention to it cause I was in the wrong mindset. This time with my mind and passion strong I negotiate the cheapest price in the neighborhood since 1996. I get hooked up with the best contractor I have ever met. I structure the rehab and pull the trigger. 6 weeks later we are complete and the property is listed. Now its time to get that buyer so and realize the gain on my investment. New years flip- This deal has been on the table for a few weeks now, finally ready to close today and once again got a killer deal and it made for enough room in the project to do a custom interior. This particular bank made me loose hours of sleep and almost made my blood pressure sky rocket! lol. You can view the before pics and see the speed bumps I have on this one lol. But to the rescue is my contractor who will start work in 2 weeks and be completed in 6-8wks. Perfect time for tax season and the start to the "buying season". Both of these deals are complete rehabs, down to the frame! Both are adobe construction, the christmas flip had the following work completed on it. Stucco, windows, roof, plaster, drywall, sub floor, carpet, tile, lighting, paint, vanity, tub, shower, cabinets, H20 heater, insulation, driveway, plumbing etc. Who ever buys this house will be getting a turnkey home that is superior to the stuff currently being offered in that price range! Once the New years flip is in escrow I have plans to build and invest in Santa Fe. Partnering with my mentor and my father the 3 of us will tackle the hardest yet highest yeilding market in NM! Ill keep you posted on any future activity. -- Working on selling the first rehad, have a few interested but no contracts yet. Construction started on the second rehab today.
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Christmas & New Years Flips

Update-
Closing on my New years flip today. Going to be a good purchase for me. Finished construction/rehab on my Christmas flip. Go to my pics for the specs. This one was my first since April of 2009. (My current primary residence).

Long story short-
I get a few calls from different people wanting to invest in real estate. One didnt think I was worth a monthly retainer, the other didnt contribute anything of value.
But what these calls did for me was reignite the passion and drive that I had only a year ago.
So I go through my usual hunt for bargains and deals. As luck would have it I trip and fall over my Christmas flip. I actually came across this deal 2 months prior but paid no attention to it cause I was in the wrong mindset. This time with my mind and passion strong I negotiate the cheapest price in the neighborhood since 1996. I get hooked up with the best contractor I have ever met. I structure the rehab and pull the trigger.
6 weeks later we are complete and the property is listed. Now its time to get that buyer so and realize the gain on my investment.

New years flip- This deal has been on the table for a few weeks now, finally ready to close today and once again got a killer deal and it made for enough room in the project to do a custom interior. This particular bank made me loose hours of sleep and almost made my blood pressure sky rocket! lol. You can view the before pics and see the speed bumps I have on this one lol. But to the rescue is my contractor who will start work in 2 weeks and be completed in 6-8wks. Perfect time for tax season and the start to the “buying season”.

Both of these deals are complete rehabs, down to the frame!
Both are adobe construction, the christmas flip had the following work completed on it.
Stucco, windows, roof, plaster, drywall, sub floor, carpet, tile, lighting, paint, vanity, tub, shower, cabinets, H20 heater, insulation, driveway, plumbing etc. Who ever buys this house will be getting a turnkey home that is superior to the stuff currently being offered in that price range!

Once the New years flip is in escrow I have plans to build and invest in Santa Fe. Partnering with my mentor and my father the 3 of us will tackle the hardest yet highest yeilding market in NM! Ill keep you posted on any future activity.
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