House #18 – Sold!

House #18 – Sold!
We bought House #18 in August and 154 (5 months) days later we closed our sales escrow.  Once again, Christmas and New Years slowed down our sales escrow by 2-3 weeks and we needed a review appraisal which took another 7 days. Our purchase price was 42.3% of the sales price and our...

House 18 Under Contract

House 18 Under Contract
We got 12-14 offers on House #18.  Our FHA 91st day is 11/19 so it was time to decide which client we wanted to work with, or counter offer a group of them. One of the main things I have learned when selling a property to a entry level buyer, is be PICKY.  Sure a lot of people can...

Flip House Robbed – House #18

Flip House Robbed – House #18
Sorry for the lack of updates this week.  I have been really busy trying to hold two possible purchases together.  One of them fell apart for sure, but it looks like we are going to be able to make the second one work.  It is a little bit different then our normal stuff. House...

House #23 Wholesaled

House #23 Wholesaled
I just got back from House #23 to meet the wholesale buyer and one of the “middleman.”  About a month ago one of my colleagues introduced use do one of the biggest wholesalers in the area. He helped us sell House #21 and he is working on the duplex (thinking one of his...

Close of Escrow – House #16 & House #18

Close of Escrow – House #16 & House #18
House #18 "Kitchen" Tomorrow we are closing our purchase escrow on House #16 and House #18.  We probably will not start the rehab process for 30 days on either though.  Both are likely going to go to an FHA buyer and we need to wait 90-days to sell to them, due to the...

House #17 and House #18

House #17 and House #18
This was a productive week for us!  We put three houses under contract and I think we will probably get at least one or two more next week.  House #18 pictured on the right is a total mess.  The layout is terrible, it is missing a kitchen, and it got 15 offers on the first day,...