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House #39: Budget / Pictures

January 21, 2013

We purchased The Rent-Back House about two months ago, and because there was a 4-month restriction on us reselling it, we agreed to allow the sellers to rent the house back for two months. They just left last week, and I just saw the house for the very first time… While there’s nothing major wrong […]

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House #38: Final Analysis

January 19, 2013

We closed on the sale of The Rot House earlier this week for a great profit and ROI (see details below)… The project went relatively smoothly, and except for a few things that were missed during the rehab (that we had to take care of after the buyer’s inspection), there were no major surprises and […]

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Video: Awesome Kitchens

January 16, 2013

Here’s a video that my Milwaukee partner put together on how to create an awesome kitchen. His example: The WI-1 House!

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House #38: Budget Recap

January 14, 2013

The Rot House is scheduled to sell this week, and before we conclude this project, I wanted to provide some final numbers on the budget. This project went smoothly, and we came in a good bit under our preliminary budget estimate of $50,000. The bulk of the savings came from the termite damage and wood […]

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Video: Why Milwaukee?

January 12, 2013

Since we started doing some additional investing in Milwaukee, WI, I continually get asked, “Why?!?” That’s a reasonable question, and my partner in Milwaukee (who actually lives and flips in Phoenix) decided to formally address the question in a recent video he put together: Feel free to visit his awesome site as well: Flipping Phoenix […]

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House #37: First Contract

January 9, 2013

The WTF House has been on the market for several weeks now, and we’ve had 5 offers on it to date. We finally got one of them to stick and we’re under contract! The house is under contract at full price (several of the offers have been full price) and the buyer is well-qualified. The […]

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House #43: The Tear-Down House

January 6, 2013

We’re not normally ones to partner on local deals and we’ve never been interested in venturing to downtown Atlanta, but a good friend and investor-colleague of ours asked if we wanted join him in big project that could likely end up as a tear-down/rebuild in downtown Atlanta, and for some reason, we said yes… 🙂 […]

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Update for 1/2/2013

January 2, 2013

Happy New Year! I haven’t written much the past couple weeks, as I’ve been traveling and working on finishing up the book I’m writing (stay tuned!)… I did want to provide a quick update on all the houses: House #36: The WI-1 House The WI-1 House has gotten a decent amount of showings, and a […]

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FHA Waiver Extended to 2014

December 23, 2012

The waiver for the FHA 90-Day Flip Rule (click here to read about the 90-Day Rule and waiver) was once again expiring this month, and once again has been extended by the FHA through the end of 2014. To put it simply, this means that investors who want to resell to FHA buyers still have […]

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House #42: Preliminary Budget

December 19, 2012

We closed on the purchase of The WI-2 House yesterday and I’m spending much of today meeting with contractors to determine exactly what renovations we’re going to do and getting bids on the work… Right now, it appears that we’ll be doing some major reconfiguration of the kitchen and breezeway areas (I’ll post some drawings […]

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