House #54: Financial Analysis

June 17, 2013 · 1 comment

I’ve had a few questions about the numbers for House #54 (which I posted about yesterday)…

Here is a more detailed breakdown of where we expect to be:



My agent believes we could get closer to $400,000, but I prefer to be conservative…

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House #54: Just Purchased

June 16, 2013

We just purchased our 54th house… Purchase price was $187,000, we expect to put about $100,000 into a full cosmetic and mechanical rehab, and then expect to resell for about $350,000.              

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House #53: Just Purchased

June 8, 2013

We just purchased our 53rd house yesterday… Purchase price was $220,000, we expect to put about $50,000 into a full cosmetic rehab, and then expect to resell for about $360,000.              

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House #43: Project Diary

June 6, 2013

I’ve decided to create a day-by-day “diary” of The Tear-Down House project…it contains every detail of the project in a day-by-day format, including links to schedules, budgets, pictures, videos, bids, invoices, etc. In order to get it in front of the widest audience, I’m doing it via a thread on BiggerPockets.com. If you’re interested in [...]

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House #45: Staging Pictures

June 1, 2013

We finally put The WI-3 House on the market this weekend… It was a much longer rehab than we had anticipated, but that’s because we’re still working out the kinks on long-distance rehabbing and are now spread between multiple cities. That said, after about $14,000 in foundation work and a full cosmetic make-over, this 80 [...]

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House #52: Just Purchased

May 31, 2013

We closed on the purchase of House #52 today… This is another one in a new market we’re working in, and should be a pretty good deal. Here is how we anticipate the numbers will break down for this one:              

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House #51: Preliminary Budget

May 27, 2013

I mentioned the other day that we picked up House #51…here is the preliminary budget for that one:              

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House #51: Contract To Buy

May 22, 2013

We’re scheduled to close on House #51 this week… This one is in a new market we’re working in, and we’re actually getting ready to pick up several new deals in this market over the next few weeks. Here is how we anticipate the numbers will break down for this one:         [...]

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Houses #48-50: Financials

May 20, 2013

I mentioned a couple weeks ago that we picked up Houses #48-50…here are the estimated financial results for each of these properties based on our initial analyses:              

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Book Update

May 18, 2013

Thanks to everyone who has purchased my books over the past two months! As of today, we’ve sold over 2000 books, the Flipping Book is #3 on Amazon in the “Buying & Selling Houses” category (#4 in the “Real Estate Investing” category), and we have all 5-Star reviews! In fact, the book is currently in [...]

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