From the category archives:

Financial Analysis

House #20: Final Analysis

February 25, 2011

We sold The Lake House the other day (statistics and financial results below)…it’s was a quick project that didn’t require much work and barely generated our minimum profit target — but we’d do it again in a heartbeat…
As I’ve mentioned, this is the first of three properties we’ve purchased in this subdivision. All three [...]

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House #21: Preliminary Budget

January 11, 2011

We’re hoping to close on The Leak House by the end of the month…
Here’s the preliminary budget that I’ve put together:

This first two sections of the budget include all the interior and exterior work that we know we need to do (total of $13,000). The third section includes the items that may be necessary, [...]

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House #20: Preliminary Budget

November 19, 2010

We’re hoping to close on The Lake House the week after Thanksgiving…
Here’s the preliminary budget that I’ve put together:

The goal is to keep this one below $12,500, which seems reasonable assuming there are no surprises. Unfortunately, it’s these small rehabs that tend to have the most surprises, and even small overages can blow the [...]

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House #19: Final Budget

October 11, 2010

If you’ve been following the blog the past couple weeks, you know we’ve been working hard to nail down the rehab cost estimate on The Flood House…
We’re scheduled to close on the purchase of this property tomorrow, so for the past week or so, there’s been a big push to get final bids and contracts [...]

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House #18: Flip Analysis

September 9, 2010

In my last post, I provided a detailed financial analysis of what we could expect if we were to hold The Haggle House as a rental. In this post, I want to do a quick financial analysis of what our profits would look like if we were to rehab/flip it instead…
If you recall The [...]

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House #18: Rental Analysis

September 8, 2010

As it appears The Haggle House may be our first long-term rental, and given the questions a couple readers have posed, I wanted to spend this post going through the financial details of this particular rental opportunity…
(Note: If you only care about the numbers, feel free to scroll down to the spreadsheet further down [...]

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Introduction To IRR

September 2, 2010

If you’re an investor (whether real estate or some other type), I hope you’ll take the time to read the guest blog post I wrote for BiggerPockets.com today:
Introduction to Internal Rate of Return (IRR)
Every investor — regardless of what they invest in — needs to understand how to calculate their success or failure (hopefully success!) [...]

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How Are We Doing?

May 26, 2010

I get lots of emails asking me to consolidate the results of our flipping over the past year and a half…I took a few minutes and put all this info together in one place:
Results To Date

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House #13: Final Analysis

March 15, 2010

We closed on the sale of The Poor House today…you can see the detailed schedule and financial results below…
For a large rehab, this project was pretty textbook; we completely replaced the exterior (new roof, gutters, siding, trim, soffit, fascia, decks, etc), remediated a good bit of mold, waterproofed the foundation, finished the basement, and did [...]

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House #12: Final Analysis

February 5, 2010

We closed on the sale of The Mini House today…
I’d like to say this was a fun project, but after dealing with four different buyers over the past six months, I’m pretty sick of having to deal with or think about this house.
I take full responsibility for this one not closing back in [...]

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