Houses #48, #49, #50

April 30, 2013 · 6 comments

We just picked up our 48th, 49th and 50th houses over the past couple weeks!

Due to the volume of houses we’re getting ready to purchase and rehab, I’m not going to have as much time to post all the details of each house. But, I will try to include some pictures, some budget breakdowns and all of the final accounting on each house.

In addition, while I’ll be posting less about the individual houses we’re working on, I do plan to be posting more articles and educational material.

6 responses to “Houses #48, #49, #50”

  1. Congrats! Whenever we buy flips or rentals they always seem to come in bunches. It would be nice if they were always evenly spread out to give our contractors a steady flow of work. It seems like they are always working on three or four houses at once and then don’t have anything to do for a few weeks or even months.

  2. Greg says:

    I know you’ve started to do houses in Wisconsin, but are you still looking in the Smyrna/Austell/Mableton areas? We’re actually concentrating on Marietta, and a tad higher end (but we won’t have the volume you have). I’m curious if you feel the South and West Cobb inventories are as dry as East Cobb, and that’s why you’re looking in other areas of the country.

  3. J Scott says:

    Hey Greg,

    We’re finding very few deals in Cobb County, and everything we do find is from our direct marketing efforts (nothing on the MLS). We’re doing some work in-town, a little bit in Milwaukee, and are planning to move big-time into a couple other markets outside of Georgia…

  4. Shane says:

    I’m assuming that’s news to come?

  5. J Scott says:

    Hey Shane,

    No single major event…we’ve just decided to scale the business up a little bit. We’ve raised a bunch of money, are partnering with a couple other investors, and are starting to buy a higher volume of deals (hopefully). The shift will require some new strategies, and I’ll post about that, but this is more of an evolution than a major change…

  6. Laurie says:

    Thanks for this amazing website and all the work that you have done to give such a thorough picture of the house flipping business. So many flipping shows on tv portray the business so unrealisticly that it is refreshing to get the big picture of how much cost is truly associated with a flip. You were the inspiration for me and my husband to get into the biz on a part time basis as we both are busy at our jobs as well.

    Thanks. Laurie

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