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 mediocure...
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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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How nice is too nice? Lipstick on a pig?

It seems every house flipper has their philosphy.  Some fix properties really nice.  Some hardly fix anything (often called, “putting some lipstick on a pig”).  After purchasing a property we often debate whether fixing certain items is worth it or not (new windows?...
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House #1

The acceptance of the offer for House #1 represented many months of hard work.  We made offers from the start May 2008 to the end of August 2008 without getting anything accepted.  Three to four days a week we would look at least 10 houses, and we got NOTHING accepted for over 4...
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