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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House #39 – Fire Damaged House

House #39 – Fire Damaged House
We closed escrow on this house about 3 weeks ago now.  It is another fire damaged house with substantial damage. It was built in 2004 and is over 3,000 sq feet.  The house is in a gated community and is perfect for someone who commutes to work Los Angeles. Our repair budget is just...
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Keep the Murals?

Keep the Murals?
We are closing on House #40 early next week and I just got some pictures in. Here are the murals they had in some of the bedrooms.  Probably pretty awesome for the kids that lived in the rooms, but regrettably they’re gonna have to go. This is another pretty standard buy, we’re...
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House #32 – Before and After + Other Updates

House #32 – Before and After + Other Updates
I just finished listing House #32 on the MLS.  The rehab went smooth, we ended up framing in a fourth bedroom and it turned out really spacious.  Next time I’m out that way I will take a video of it. The kitchen turned out great and overall, I like the house a lot.  Great...
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House #26 – Flip this Mansion SOLD

House #26 – Flip this Mansion SOLD
I have good news, and bad news.  The first buyer on House #26 fell out of escrow, although, they seemed very strongly qualified I think they could not qualify for the loan.  They never really gave a very clear answer, but I got the idea I should find another buyer quickly. The good...
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House #33 Closed Last Week

House #33 Closed Last Week
House #33 closed last week.  We’ve gone really hard after the rehab on this one.  It had some City Code Violations, although the roof looked good from visual inspection, whoever put it on did a terrible job and it leaked substantially.   They also installed new windows and...
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Leveraging Your Investment Team

Leveraging Your Investment Team
Well, if you read my last post you probably know what I think about most real estate gurus.  I do believe in that a strong team can save you a lot of money, but it doesn’t happen overnight. For House #16, we put it into escrow on Tuesday.  Last week I sent a informal counter-offer...
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House #16 – Before and After Pictures

House #16 – Before and After Pictures
So Steve, you’ve owned this property for almost 5 months and haven’t sold it or given us an update?  Yes, it’s true, we have owned this property a long time and we just listed it on the MLS 10 days ago.  Why, well a lot of reasons, but no great ones.  We had a...
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Video Walkthrough of House #29

Video Walkthrough of House #29
Things are going better on House #29.  As I posted earlier, the company that sold it to us is very un-organized and in charge with lining up the retail buyer.  We put some extraordinary pressure on them and they had their Buyer do some things that showed us a lot of confidence. The...
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House #35 – Renting out a condo?

House #35 – Renting out a condo?
Last week we put another property under-contract.  It is from an agent we have worked with in the past (notice a trend on my last couple buys?).  This agent is pretty big and we just trying to expand on our relationship.  I think this makes the 5th house they have sold us. This...
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