Rehab Update on House #17

Rehab Update on House #17
In Progress Picture The farther House #17 comes along the more I like it.  Here is the latest picture from today.  We put stucco over the bricks on the garage on added stucco and some design over the pillars that hold the porch up.  Obviously, we need to do our color cote on portions...
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House #15 – Will Close Purchase Escrow on Monday

House #15 – Will Close Purchase Escrow on Monday
We should close on House #15 on Monday, we have been ready to close all week, but we have been waiting for the bank to send us the Grant Deed.  It is an extremely cheap house, 2 bedroom 1 bathroom and we are planning to sell it completely rehabed for $120-130k. The house has very...
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House #13 – Same Story… Multiple Offers Above Asking

House #13 – Same Story… Multiple Offers Above Asking
Well, I can’t really complain, but we listed House #13 Monday night and now (Thursday night) we have 5 offers all above asking price.  The market seems to be really hot right now and we are sure reaping the benefits, if only we could of bought more properties! There are two...
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House #12 – The Fire House, hits the market

House #12 – The Fire House, hits the market
We listed House #12 on Wednesday.  It was a great deal, but needed a ton of work.  There was a large fire, we think set by the previous owner, that started in the garage and moved up and basically burnt right through the middle of the house.  We closed escrow on it February 24...
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House #7A and #7B

House #7 was an interesting property.  It was a HUGE lot with over 30,000 sq ft. The front of the lot had a 3 bedroom 1 bathroom house built in the 1940′s. The back of the lot had a duplex with two 2 and 1 units and was maybe built in the 1960′s. House Duplex The layout...
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Cash, Hardmoney, Rehab Loans?

So you want you are ready to get into the real estate rehab game.  You’ve looked at 100′s of properties, started submitting offers, but are wanting to figure out your options.  Here is what I have noticed about the financing end of the game. To get the stellar deals...
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So you think it’s a deal and escrow is opening…

You’ve worked your butt off and now your agent calls you and said the bank/seller has agreed to the price and is ready to open escrow. What do you do now? Step 1 – Go look at the Property Again Once an agent tells us we are close on an offer we always go look at it again. ...
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House #5 – Side-by-Side

House #5 has a story behind it, like every property does.  When we first started making offers, we had no farm area.  We looked anywhere and everywhere. Well one afternoon, we looked at two houses side-by-side.  Our crazy optimistic side dreamed that we’d be able to buy both...
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House #2 – The Quick Flip

After putting House #2 under contract we decided that it might make sense to try to sell it to another investor.  It was older construction (built in 1920′s) and had many illegal additions.  We where not really sure how we want to fix it, the neighborhood was pretty...
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The Fire House!

I figured the Fire House we have in escrow will be a good case study as it will be about a 6 month project and will take a lot of work a long the way. We put it into escrow about a week ago.  This one was a first day listing with a new agent.  When we saw it come up, we chased it...
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