From the category archives:

Houses

House #26: It’s Not Our Fault!!!

November 16, 2011

Anyone who knows me or who reads my blog probably knows that a central tenet of my business philosophy is, “If *ANYTHING* goes wrong in my business, it’s my fault.” Sure, other people will screw up, other people will let you down, other people will lie, cheat and steal; but, there’s almost always something [...]

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House #26: Appraisals

November 6, 2011

Both of the appraisals are back on The Fourfecta House, and we’re very surprised — and happy — that they both came in at the purchase price…
The Trifecta House and The Leak House both sold for $5000 less than what this house is under contract for; given that they are in the same subdivision and [...]

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House #27: Budget Recap

November 3, 2011

As I mentioned in my last post, The Waffle House rehab is complete and the property is on the market. The project went smoothly, we did pretty much exactly what we planned to (with the exception of saving the laminate hardwood on the main level instead of replacing it with carpet), and ultimately, we [...]

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House #27: On The Market

October 30, 2011

I didn’t get around to posting much about The Waffle House renovation, but we finished it a couple days ago and got it staged and listed for this weekend…
The house turned out really well. Our biggest issue with this house was that we didn’t have enough staging furniture to furnish it (we have about [...]

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House #25: Final Analysis

October 26, 2011

We closed on the sale of The Drought House today… (see all the financial results below)
We originally purchased this house out of “desperation”…we hadn’t had a project in a while, and decided that we’d rather keep our contractors and ourselves busy, even if it meant possibly not making our minimum profit on the project ($15,000). [...]

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House #25: Appraisals

October 20, 2011

We just received the results from the second appraisal on The Drought House…
The value first both the first and the second appraisals came in at exactly the purchase price, which I’m very happy about. Given the rehab that just sold down the street for $6K less than ours, I expected the appraisals to come [...]

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House #27: Preliminary Budget

October 16, 2011

Rehab is well underway on The Waffle House, but I promised to post the preliminary budget estimates, since I know a lot of my readers really like to see the before and after budget details.
Here are my estimates for this project:

We’ve already gotten bids on the project, so I expect that it shouldn’t be too [...]

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House #27: Pictures

October 14, 2011

We closed on The Waffle House earlier this week…
I completely forgot to take pictures before rehab started, but I was able to grab some old photos used by the prior listing agent on the MLS. They’re not great, but should give a basic idea of the style and condition:
The Waffle House: Before Pictures
I’ll post [...]

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House #25/26: Inspections

October 13, 2011

The buyers for The Drought House and The Fourfecta House have both completed their inspections. Both inspections went incredibly well and the request for repairs on both houses was short and simple…
For The Drought House, the repairs were essentially limited to some minor siding repair, installing a couple exterior GFCIs and fixing a couple [...]

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House #27: Learn From My Mistake

October 7, 2011

I consider myself to be a pretty competent and successful house flipper these days, but that doesn’t mean that I don’t make mistakes, and sometimes those mistakes are more costly than others. If nothing else, hopefully my mistakes can help my readers avoid making the same mistakes themselves.
Here’s my latest mistake that is costing [...]

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