1-2-3 Flip : Page 76

House #3: Going to Closing

September 10, 2008

It’s a week and a half past the contractual closing date on The Second Chance House, and the bank finally got clear title and the go-ahead to close. In the past two weeks, two other things have happened: It appears someone came in and stole the air conditioning unit from the property. While my purchase […]

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Rehab Tip: Types of Contractors

September 9, 2008

As part of my blog, I’d like to start relaying tips and tricks I’m learning for those who are house flippers or those who are interested in getting into house flipping. This will be the first in that series of blog posts, and if you have any feedback (or want me to cover any specific […]

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House #2: Almost “After” Pics

September 8, 2008

I was hoping to post the AFTER pictures of The Bulge House today, but a lot has happened over the past 48 hours (both good and bad), and it appears the house isn’t completely “after” just yet… Here are the almost after pics… And here are the before pics, to refresh your memory… There are […]

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House #2: Down to the Wire

September 5, 2008

Unfortunately, for the first time since the beginning of May, I missed posting an entry on my blog on a weekday (I’m sure you noticed that there was no posting on Thursday ;). While I certainly have plenty to write about, the past three days have been the busiest in recent memory; and it’s all […]

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A New Team Member

September 3, 2008

I mentioned in a previous post that The Bulge House had an upcoming tenant, and that the tenant was a member of my family. The rest of the story is that my brother will be moving down to Atlanta from Baltimore (with his girlfriend), will be renting The Bulge House, and will be consulting for […]

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Pro or No?

September 2, 2008

One of the decisions I need to make this year is whether or not I plan to file taxes as a “Real Estate Professional.” For those not familiar, let me take a minute to explain the advantages of claiming professional status: If you invest in real estate part time (not a professional), you may be […]

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Investor Financing Options

September 1, 2008

Now that I’ve spent many dozens of hours talking to lenders and potential financiers of my deals, I’m starting to gain some insight into the different types of loans and equity financing available to real estate investors, and the benefits and drawbacks of each. Of course, given today’s credit situation, options are not only more […]

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House #2: Rehab Progress

August 29, 2008

As mentioned in a previous post, The Bulge House will be used as a rental for a family member, and from closing to move-in, I have 2 weeks to get the place ready. This includes getting the major things fixed (A/C, Furnace, Water Heater, Roof), getting the finishings completed (new lights, fans, appliances, doorknobs, bathroom […]

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All About Paint (and Systems)

August 28, 2008

This post is about paint. It’s also about the need to create systems to streamline my business (remember my business philosophy?). Yes, both of those are boring subjects, but they are important topics to address while trying to systematize my investing business to the point where I can manage several (i.e., more than 5) rehabs […]

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Census Bureau & BLS

August 27, 2008

In some previous posts, I discussed the fact that population trends are a key defining characteristic of real estate markets. And, I also pointed out that employment trends were a key driver behind population trends. So, where can you find good information about population and employment trends? Two great places to start are the Census […]

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