The $5,000 Southern California House

The $5,000 Southern California House
We’ve all heard stories of houses you can buy for $5,000.  They usually are in Michigan or Ohio.  In June of 2011 we got a good introduction from a friend and fellow investor and were able to buy a house for $5,000 in Southern California. In 2006 a family that build houses...
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House #104 – Latest Rental

House #104 – Latest Rental
The summer flew by and things have been progressing.  We just closed on our latest rental.  It is a giant mess inside and outside. This deal was bought from a local wholesaler who found it via a mailer.  The same person owned it since 1984 and has since moved to Nevada and had...
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House #72 – Before and After

House #72 – Before and After
September is almost over and I have not done a very good job of posting. Here is a house we sold not to long ago.  We really didn’t do too much on the inside but on the outside we converted the carport to a garage.  The City liked us for doing this. Before After Layout Everything...
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House #92 – Third Time is the Charm

House #92 – Third Time is the Charm
House #92 is an interesting story.  GMAC was the bank that foreclosed on it.  We bought it the first time in August of 2010, it was still occupied and we would have been responsible to evict the tenant.  About two weeks into escrow the bank cancelled because the previous owner...
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High End Exterior Bathroom?

High End Exterior Bathroom?
This is my first post for July.  June and July have been crazy busy months for us.  Lots of purchases, lots of sales.  I will be posting a summary this weekend. As we started looking for houses we found an interesting feature in a house for sale.  It was an old two bedroom, one...
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Two Project Houses – House #78 & House #79

Two Project Houses – House #78 & House #79
Things have been busy for us and it seems like another month has gone by with me only making 1 blog post in April. If you have followed the blog for a while, you know we love a good project house that other investors shy away from. In April, we ended up buying two “project houses.” House...
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House #69 – Private Party Seller

House #69 – Private Party Seller
We closed on House #69 in late January.  The owner inherited it from her mom and had been renting it for about 15 years while she lived out of state.  She was ready to cash-out and get a lump sum of cash and we struck up a win-win deal for all parties involved. It is a smaller house,...
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House #73 Rehabbed and Rented Up

House #73 Rehabbed and Rented Up
We set pretty ambitious goals with this house, basically hoping for a 10 day minor rehab and to have it rented up with a paying tenant for March 1st.  As of Friday, we got both those accomplished. The rehab turned out really well, see pictures attached.  We don’t do a ton...
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The Two Latest Rentals

The Two Latest Rentals
Here are two of the rental houses we picked up January. Both of these houses are the same model, built in the 1980′s, 3 bedrooms, 1 bathroom and should make fine rentals. The one on the  left we rented this weekend to someone who drove past the house and talked to one of our...
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House #73 – Latest Rental House

House #73 – Latest Rental House
We just closed on House #73 about a week ago.  It is a 2 bedroom, 1 bathroom house where the single car garage is converted into a third bedroom.  The house is just under 1,000 square feet and a pretty solid rental in a good neigbhorhood. The house is actually in pretty good shape...
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