From the category archives:

Deal Analysis

50% Rule: Video Tutorial

March 17, 2016
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A couple years ago, I was playing around with some tools to create online tutorials. Just as a test, I created a video that discussed the “50% Rule,” which is a rule of thumb often used for quick and dirty analysis of potential rental property deals. While I never planned to make the video public […]

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Rental #1: The First Rental

March 3, 2015
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I mentioned yesterday that not only was I planning to restart this blog/website, but that we were also planning to focus some of our efforts on building a long-term rental portfolio. We actually purchased our first long-term rental property about a year ago, but are just getting our first tenants in this week…I’m going to […]

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House #19: Final Analysis

January 27, 2011

We sold The Flood House today…it’s was a great project, and the team and I are very happy with the overall results (see Schedule and Financial Results below). In fact, in retrospect, this is probably one of my favorite projects and houses yet… After the flooding in our area sixteen months ago, we’ve been cautious […]

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Lonnie Deals

September 10, 2009

While this site is primarily geared towards flipping houses, I like to use the blog to highlight all the real estate activities of our business, even those that don’t necessarily have to do with rehabbing or flipping. And we’re planning to start branching out just a bit… For those not familiar with the concept, there’s […]

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House #5: Some Details

January 3, 2009

As I mentioned before the holiday, we have another house that we’re ready to pick up. The DIY House is (finally!) officially under contract, and we’re hoping to close the middle of this month. Here are some pictures… The house is a 3/2 split-level with a large eat-in kitchen, separate dining room and large open […]

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House #4: New Plan

October 29, 2008

As I mentioned yesterday, The Yellow Stain House is currently in a flood plain, and I have no idea how that will affect resale value and future insurance premiums. I do have enough information to know that the problem is probably not too bad, but it will likely take several weeks to get a land […]

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House #2: Going to Closing

August 18, 2008

I mentioned earlier that House #2 had some potential water damage, and that the due diligence indicated a few more problems than I had expected. Based on those things, I went back to the bank (the seller) before my due diligence period ended, and asked for a $5K reduction in price. They countered my $5K […]

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House #2: Due Diligence

August 12, 2008

I’ve talked a little bit about The Bulge House, and now that I’ve gone through some of the due diligence — and am fairly convinced I’ll go through with this purchase — I’ll go into a bit more detail… First, here are some pictures… From a numbers perspective, I’m picking this house up at around […]

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House #2: The Bulge House

August 6, 2008

Looks like I picked up my second house yesterday. While this one is far from a done deal, I submitted an offer, had several round of counter-offers, and ultimately we came to an agreement on terms and price (i.e., we have a contract). The reason I say this isn’t a done deal (other than the […]

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House #1: Some Details

July 28, 2008

I officially signed the contract for House #1 (“The Corn House”) on Saturday. And as promised, here are some more details: * First, some pictures of the new property. The basement pictures aren’t in here yet, but since I’ll likely be finishing the basement, I’ll upload those when I get a chance. If you take […]

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