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	<title>Comments on: House #12:  Final Analysis</title>
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	<link>http://www.123flip.com/house-12-final-analysis</link>
	<description>Education for the Serious House Flipper</description>
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		<title>By: Curtis Gabhart</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-5188</link>
		<dc:creator>Curtis Gabhart</dc:creator>
		<pubDate>Sun, 06 Mar 2011 00:02:20 +0000</pubDate>
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		<description>J,

I have a better one. Bought a property in San Diego (where we invest) that was red tagged by the city (ching ching) so we got a great deal.

Had to submit plans etc. as per the cities request. Long story short we were on a hill and the city decided they wanted us to pay 7-10k for a biologist and landscape architect to name and put on plans EVERY plant on our property, and 100 feet  further which is the canyon and city property.

Well they found a plant called a coastal sage brush about 100 yards from the house and even though we were not doing a exterior rehab the city bureaucratic sh.. held us up from september to december.

I miss the appraisal problems on our rehabs. Thank goodness we only paid 305 in a 600k neighborhood or we would have been crushed.

Here is the guy - you&#039;ll appreciate the numbers we put together since it seems that you are pretty detailed on your website about your results.

We post individual websites for each of our flips with the actual numbers, updates etc. using google sites. works pretty good and easier to use than our company website which is wordpress.

Good luck with your deals. Where are you located?</description>
		<content:encoded><![CDATA[<p>J,</p>
<p>I have a better one. Bought a property in San Diego (where we invest) that was red tagged by the city (ching ching) so we got a great deal.</p>
<p>Had to submit plans etc. as per the cities request. Long story short we were on a hill and the city decided they wanted us to pay 7-10k for a biologist and landscape architect to name and put on plans EVERY plant on our property, and 100 feet  further which is the canyon and city property.</p>
<p>Well they found a plant called a coastal sage brush about 100 yards from the house and even though we were not doing a exterior rehab the city bureaucratic sh.. held us up from september to december.</p>
<p>I miss the appraisal problems on our rehabs. Thank goodness we only paid 305 in a 600k neighborhood or we would have been crushed.</p>
<p>Here is the guy &#8211; you&#8217;ll appreciate the numbers we put together since it seems that you are pretty detailed on your website about your results.</p>
<p>We post individual websites for each of our flips with the actual numbers, updates etc. using google sites. works pretty good and easier to use than our company website which is wordpress.</p>
<p>Good luck with your deals. Where are you located?</p>
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		<title>By: J Scott</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-3145</link>
		<dc:creator>J Scott</dc:creator>
		<pubDate>Tue, 09 Feb 2010 02:27:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.123flip.com/?p=1780#comment-3145</guid>
		<description>Greg -

The longest we&#039;ve ever held a property (House #6) was 232 days.  The thing that property and this property had in common was the fact that we had at least three contracts before we could actually get the deal to close!  In fact, both properties had their first contract within a week of putting it on the market.

To alleviate this problem in the future, we are being much more stringent about the requirements for our buyers.  We&#039;re making them put down more money, shortening closing times, and requesting that they use our closing attorney and mortgage broker.</description>
		<content:encoded><![CDATA[<p>Greg -</p>
<p>The longest we&#8217;ve ever held a property (House #6) was 232 days.  The thing that property and this property had in common was the fact that we had at least three contracts before we could actually get the deal to close!  In fact, both properties had their first contract within a week of putting it on the market.</p>
<p>To alleviate this problem in the future, we are being much more stringent about the requirements for our buyers.  We&#8217;re making them put down more money, shortening closing times, and requesting that they use our closing attorney and mortgage broker.</p>
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	<item>
		<title>By: J Scott</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-3144</link>
		<dc:creator>J Scott</dc:creator>
		<pubDate>Tue, 09 Feb 2010 02:25:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.123flip.com/?p=1780#comment-3144</guid>
		<description>Chris and Chris -

Thank you!!!</description>
		<content:encoded><![CDATA[<p>Chris and Chris -</p>
<p>Thank you!!!</p>
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		<title>By: Greg</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-3139</link>
		<dc:creator>Greg</dc:creator>
		<pubDate>Sun, 07 Feb 2010 16:50:12 +0000</pubDate>
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		<description>Congrats on the sale. I just started reading your blog on a regular basis, and I&#039;m very impressed. Your cost breakdown for this project was interesting to see, since most flippers don&#039;t like to share this information. 220 days is definately a long time, but it looks like the rate of return held up just fine. 

If this is the second-longest it took for you to sell a flip, what was the longest? My longest was just over 300 days (ouch!).</description>
		<content:encoded><![CDATA[<p>Congrats on the sale. I just started reading your blog on a regular basis, and I&#8217;m very impressed. Your cost breakdown for this project was interesting to see, since most flippers don&#8217;t like to share this information. 220 days is definately a long time, but it looks like the rate of return held up just fine. </p>
<p>If this is the second-longest it took for you to sell a flip, what was the longest? My longest was just over 300 days (ouch!).</p>
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		<title>By: Chris Ranney</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-3138</link>
		<dc:creator>Chris Ranney</dc:creator>
		<pubDate>Sat, 06 Feb 2010 21:51:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.123flip.com/?p=1780#comment-3138</guid>
		<description>J, when I first decided to go full-time into real estate, I was reading 10-15 different blogs. It has been about 6 months and I now have it whittled down to maybe 3-4.(You know who you are LOL).  Yours is by far, the one that  breaks down the numbers the best.  Kudos again brother.  Keep up the good work.</description>
		<content:encoded><![CDATA[<p>J, when I first decided to go full-time into real estate, I was reading 10-15 different blogs. It has been about 6 months and I now have it whittled down to maybe 3-4.(You know who you are LOL).  Yours is by far, the one that  breaks down the numbers the best.  Kudos again brother.  Keep up the good work.</p>
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		<title>By: chris</title>
		<link>http://www.123flip.com/house-12-final-analysis/comment-page-1#comment-3137</link>
		<dc:creator>chris</dc:creator>
		<pubDate>Sat, 06 Feb 2010 20:59:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.123flip.com/?p=1780#comment-3137</guid>
		<description>great job and the monkey off your back!   forget about the selling  that happens  but the system works you brought right  fix it right  had it for sell in 20 days great .  things happen out of your control  flood  things  good and bad. so what did we learn from this   to act quicker on thinks we can control  better buyers and  plan for getting better  apprasals  what do you think?    keep up the good work</description>
		<content:encoded><![CDATA[<p>great job and the monkey off your back!   forget about the selling  that happens  but the system works you brought right  fix it right  had it for sell in 20 days great .  things happen out of your control  flood  things  good and bad. so what did we learn from this   to act quicker on thinks we can control  better buyers and  plan for getting better  apprasals  what do you think?    keep up the good work</p>
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