House #19 – Rented Up

House #19 – Rented Up
House #19 has been on the rental market for about 3 weeks now.  Meeting with potential tenants, asking them the right (but legal questions) has definitely been a learning experience for me.  We got four applications in, the first two had credit scores under 550.  One I turned down...

Rental House #19 – Before and After

Rental House #19 – Before and After
We are finished House #19, in great timing, we closed escrow about 30 days ago and now we’re finished!  The house is fixed up really nice and we should really flip it, but because 2/5 of our profits would go to taxes we aren’t in a rush to get rid of it. One of our workers...

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...

Rental House – House #19

Rental House – House #19
Soon to Be Kitchen House #19 is going to be our second rental property.  Remodeling should be complete in 2 weeks or so.  The picture to the left is what is going to be the kitchen. The layout of this house was really bad, it had numerous code violations and the asset manager was...

Sticking with a Deal Pays

Sticking with a Deal Pays
We put our first offer in on House #19 on July 21.  For over 40 days, we called the listing agent every third day to see what the bank was deciding.  He kept saying the asset manager was confused with a code compliance issue and was going to put the property on hold for now.  That...

Big Lot, 4 Bedroom, Another Rental – House #19

Big Lot, 4 Bedroom, Another Rental – House #19
On Monday, I  put another house in contract.  It has a huge lot, with almost an acre of land.  House #19 is on the same street as House #17 and we got it for a bit less than House #17. Land value right now is worth pretty much zero, the plan is to hold it and hopefully we can get...