House #26 – Flip this Mansion SOLD

House #26 – Flip this Mansion SOLD
I have good news, and bad news.  The first buyer on House #26 fell out of escrow, although, they seemed very strongly qualified I think they could not qualify for the loan.  They never really gave a very clear answer, but I got the idea I should find another buyer quickly. The good...
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House #33 Closed Last Week

House #33 Closed Last Week
House #33 closed last week.  We’ve gone really hard after the rehab on this one.  It had some City Code Violations, although the roof looked good from visual inspection, whoever put it on did a terrible job and it leaked substantially.   They also installed new windows and...
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Leveraging Your Investment Team

Leveraging Your Investment Team
Well, if you read my last post you probably know what I think about most real estate gurus.  I do believe in that a strong team can save you a lot of money, but it doesn’t happen overnight. For House #16, we put it into escrow on Tuesday.  Last week I sent a informal counter-offer...
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House #16 – Before and After Pictures

House #16 – Before and After Pictures
So Steve, you’ve owned this property for almost 5 months and haven’t sold it or given us an update?  Yes, it’s true, we have owned this property a long time and we just listed it on the MLS 10 days ago.  Why, well a lot of reasons, but no great ones.  We had a...
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Video Walkthrough of House #29

Video Walkthrough of House #29
Things are going better on House #29.  As I posted earlier, the company that sold it to us is very un-organized and in charge with lining up the retail buyer.  We put some extraordinary pressure on them and they had their Buyer do some things that showed us a lot of confidence. The...
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Real Estate Gurus?

Real Estate Gurus?
If real estate investing has a lot of anything, it is self proclaimed gurus who are trying to sell you something!  In general, I really believe in training and further education in your chosen field. Here is some advice I have and the research I would do before I would pay for any...
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House #35 – Renting out a condo?

House #35 – Renting out a condo?
Last week we put another property under-contract.  It is from an agent we have worked with in the past (notice a trend on my last couple buys?).  This agent is pretty big and we just trying to expand on our relationship.  I think this makes the 5th house they have sold us. This...
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I am starting to like being a landlord!

I am starting to like being a landlord!
Our last two rental properties have been working like clockwork.  Before we started renting anything I was scared of it, how do I find a tenant?  How do I do all the paperwork correctly?  Now we are ten deep and have figured out how to get the properties full. House #28 We closed...
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House #32 – We own it!

House #32 – We own it!
After many delays, we finally closed escrow for House #32.  It is a great house, but it sure doesn’t have a lot of curb appeal.  This house has a weird front entrance, bad colors and ugly roof line, but that’s how you make money right! This house was built in...
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Agent Relationships? The new House #33

Agent Relationships? The new House #33
So if you have been reading my blog, you realized we had to cancel the contract on the last House #33.  Earlier this week we put a new House #33 under contract. Last week, I called an REO broker that I have bought a couple houses from for an update and he told me about a new listing...
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