House #39 – Painted Up

House #39 – Painted Up
House #39 is flying along.  The painter started Tuesday this week and is almost done the inside and about half done the outside.  We should be done at the end of the first week of August and looking forward to getting this house on the market. I have added some preliminary before...
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House #46 – Location Problems? Before and After Pics

House #46 – Location Problems? Before and After Pics
I have not written about House #46 yet, but it is a bit unique.  It is one of the few houses we have purchased with genuine pretty bad “location problems.”  Normally, we probably would not have pursued this house at all but an agent we work with quite a bit got the listing...
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Latest Inland Empire Real Estate Deal

Latest Inland Empire Real Estate Deal
It has been a pretty boring week.  The market is a bit slow, still getting a couple calls on the stuff we have for sale and actually got one or two decent offers so that looks promising.  We are lowering what we’re willing to pay again, pricing us completely out of a lot of...
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House #39 – Latest Videos

House #39 – Latest Videos
House #39 is progressing very well. I hope you aren’t sick of me talking about it yet, but it is our biggest rehab to date.  We are passing inspections often, and should only have two left.  Drywall nailing inspection and the final inspection.  On Thursday, we passed the...
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House #39 – Construction Update

House #39 – Construction Update
We got permit approval on rough framing on House #39.  Our next inspection is Tuesday and should be electrical, plumbing and HVAC. The inspector so far has been pretty friendly.  So things should move forward quickly. We are just finishing with the clay tile on the roof, we ended...
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House #39 Update – First Inspection Approved

House #39 Update – First Inspection Approved
House #39 is moving along.  We’re still not sure if we’ll come in on budget, but we’re trying our best! It took a little while to get the plans approved through the City.  They have outsourced the approval to a private company and only count business days as days...
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First Short Sale Purchase

First Short Sale Purchase
Yesterday we finally did it. We closed our first short-sale purchase. After many offers and many disappointments something came through. Two weeks ago I called a medium sized REO agent that I have bought quite a few properties from and asked what he had coming up. He let me know...
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First FHA PRE-90 Day Rule Flip Closed

First FHA PRE-90 Day Rule Flip Closed
Well, I can finally say it’s over.  We closed our first pre-90 day FHA flip.  House #32 turned out looking great, we got over 10 offers and picked a buyer that was willing to use our lender. From there the process did not go smooth at all: 1. The Underwriter Wanted a Copy...
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Seller Deed Restriction – Fannie Mae

Seller Deed Restriction – Fannie Mae
House #45 was one of the deals we closed in April.  Fannie Mae was the owner and this is the first time I’ve ever seen a deed restriction for a resale on a property. Right in the contract in reads: “Grantee herein shall be prohibited from conveying captioned property...
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House #39 – Video Update

House #39 – Video Update
House #39 is coming along quite well.  We have blueprints at the City awaiting approval and inspections, so we are not going to be able to complete any additional work if we don’t get approval soon. Southern California Edison approved us for temporary power earlier this week.  ...
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