Month-to-Month Lease on House #14

Month-to-Month Lease on House #14
On Aug 5 we closed on House #14 and our renter started to move in yesterday (Aug 23).  The rehab turned out to be a little bit more extensive then originally expected, it turned out be pretty much as nice of a job as the flips. After reviewing all the paper work and laws I decided...

Renting Our First House – House #14 (plus other updates)

Renting Our First House – House #14 (plus other updates)
The remodel on our first rental is coming along excellent.  Our contractor is very motivated to move-in so he is rushing everyone along.  The kitchen cabinets went in today, the granite will go in tomorrow. I am still at a pretty big loss on all the paperwork required to “do...

House #14 – Close Escrow 8/5

House #14 – Close Escrow 8/5
House #14 is finally going to close escrow tomorrow (Aug 5).  We have a renter that will move in on Sept 1 or sooner.  Our main contractor is going to rent it and we said he can move in rent free if he can finish the remodel earlier. I have an insurance policy that will start tomorrow...

House #14 – Our First Rental

House #14 – Our First Rental
It took us buying 14 properties flips or wholesale before we where ready to do a rental and this was actually going to be a flip until we took our main contractor to the property.  He liked it so much, he told my business partner that he wanted to rent it! After much discussion and...

Finally got one!

Finally got one!
Well, after many offers, we finally got an accepted one.  This house is an okay deal and we most likely planning to wholesale it.  We can probably make 60-70% of the profit we’d regularly make fixing and flipping versus wholesaling. It is a 4 bedroom, 2 bathroom with a pool. ...