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FHA 90-Day Rule Update

January 17, 2010

First, thanks to the 40 or so people who sent me email about the pending changes to the FHA 90-Day Flipping Rules. And I mean that with all sincerity — I truly appreciate when my readers and colleagues keep me updated on what’s going on in the real estate world. In fact, I [...]

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Fannie Mae: New REO Rules

November 4, 2009

There are plenty of rules and regulations in real estate that make being an investor difficult…unfortunately, as of a couple weeks ago, there’s now one more…
It’s been several weeks since we submitted any offers, but as I mentioned the other day, we are in the process of going after about a half-dozen houses this week. [...]

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Questions? Topic Suggestions?

July 7, 2009

Hey everyone…
First, for everyone who has provided great feedback and compliments on the site (through comments, emails, etc), let me say a very sincere THANK YOU!
The goal of this site is to provide “in the trenches” information on rehabbing and flipping; stuff that you might not find by buying a course or sitting [...]

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Welcome to 1-2-3 Flip

May 16, 2009

Welcome to our new site, 1-2-3 Flip…
For those of you who have followed us here from REI Startup (our previous blog domain), thank you for coming. As you will see, not only is all the REI Startup content from the past year still available here, but I will continue to update the blog almost [...]

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My RE Business Plans

May 4, 2009

Over the past year, I’ve received dozens of email requests for copies of my full business plans — both my Business Plan for Flipping Houses and my Business Plan for Investing in Multi-Units and Apartments. While I’ve posted parts of those plans on my blog throughout the year, I’ve never made the full business [...]

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1 Year Blogiversary

May 1, 2009

Today marks one year since I quit my full-time job, left the tech world, moved across the country, and seriously started pursuing my new investing career. It also marks one year that I’ve been writing this blog…
Since I’m so numbers-oriented in other parts of my business, I thought I would take a minute to [...]

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New Member of Team Lish

February 13, 2009

I don’t have much new to report on the business front (I spent most of the week in Jury Duty, unfortunately)…so I thought I’d make a rare personal post…
I wanted to take a moment to announce a new member of the Lish Team…he (or she) will be joining us in about 7 months. I’d [...]

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Commission Frustrations

February 5, 2009

I mentioned a while back how thrilled I was that my wife had gotten her real estate license; both from a control standpoint (making our own offers, doing our own negotiations, MLS access, etc) as well as from a financial standpoint (keeping our commissions).
Well, today we hit our first snag in our effort to capitalize [...]

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Portable Security System

December 11, 2008

We’ve had two minor issues at The Second Chance House that have indicated to us that we need to have some degree of security system installed before staging the house and leaving it vacant.
First, the air conditioner was stolen from the back yard about a week before we closed on the purchase of [...]

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Taking the Night Off

November 5, 2008

Instead of blogging this evening, I will be spending the night with my wife, enjoying the election coverage (well, maybe enjoying…we’ll see who’s winning), drinking wine, and planning our overdue honeymoon…

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