Flipping Houses – Location Problems – Tough Sell – House #34

Flipping Houses – Location Problems – Tough Sell – House #34
I have written about location problems before with House #46.  You have not heard about house #34 yet though, because I wanted to wait for it to sell before I wrote about it. This house probably has every location problem real estate can: It is on a busy street. It is near the freeway. It...
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Scary Times to Buy Foreclosures

Scary Times to Buy Foreclosures
I just saw this articled posted on Housing Watch – Evicted Family Breaks Into Foreclosed Home.  A trust deed sale buyer bought it at the court house steps, went through a lengthy eviction with this family, spent $40,000 upgrading the house and now the family moves back in a...
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New Construction? I don’t get it…

New Construction? I don’t get it…
So House #33 is a rental house in a B- (well, maybe I am biased… probably a C+ neighborhood), we bought it in February.  Via the MLS, I saw a lot for sale in the area, it’s a triangle shaped corner lot in between brand new houses and some real bad ones. The lot was listed...
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House #39 – In Escrow/With Multiple Offers

House #39 – In Escrow/With Multiple Offers
If you have been following the blog for a while you might know that House #39 was a high end fire damaged property we bought in April.  We did a pretty solid rehab and where WAY over budget (in case you where wondering). After about two weeks on the market we have 5-6 verbal offers...
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House #60 – Fire Damaged Wholesale House

House #60 – Fire Damaged Wholesale House
I just got back from a short vacation and decided to find some time to write this post from the airplane. House #60 is another fire damaged house we bought, this one in LA County.  It is about 50 miles from us, so we called a couple investor friends and ended up selling this one...
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Blogging Slump – September Results

Blogging Slump – September Results
September has come and gone and I only made one blog post.  That is terrible.  September was another month full of delays and minor problems.  One purchase got delayed another 30 days… and most likely won’t close until October.  The good news is we are on track still,...
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