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Flip This REO! eBook

November 6, 2009

I don’t generally promote other people’s products on this site, for one very good reason — most of the products I’ve seen from other “gurus” are complete crap. Not only would I not endorse those products, I don’t want my name or my reputation associated with them. In fact, if you’ve been following my site […]

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Tax Credit Extended

November 5, 2009

For those who haven’t heard, the first-time home-buyers tax credit of up to $8000 has been extended until Spring of 2010. To qualify for the credit, home-buyers must have a house under contract by April 30, 2010, and close on the property by June 30, 2010. Additionally, the credit has been expanded to including some […]

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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 […]

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Bunches of Offers

November 2, 2009

After taking the past couple months off from looking at houses and making offers (the new baby has taken up a lot of time), we spent the past couple days looking at houses and putting together a plan for acquiring more projects. It was probably a good idea to hold off on making offers these […]

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House #12: No Contract

November 1, 2009

A quick follow-up to my post last week about the second offer on The Mini House… Unfortunately, after not hearing back from the agent for another 24 hours, my wife called her (from my phone, as she wasn’t picking up calls from my wife’s phone), and finally got her on the other line. The woman […]

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Reminder: Lazy = Lost $$$

October 30, 2009

I realized today that I’m becoming a little too complacent when it comes to ensuring that I’m getting the best deals I can possibly get on my labor and materials. While I spent a year diligently shopping around to find a great crew of contractors and great deals on materials, I’ve forgotten that I need […]

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Potential Probate Deal

October 29, 2009

Last weekend we received a call from a closing attorney that we’ve worked with in the past; he knows that we’re investors, and had told us previously that he’ll let us know if he every comes across any potential deals for us. On the phone, the closing attorney mentioned that he and his wife had […]

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House #12: Second Offer

October 27, 2009

Our marketing blitz from last week on The Mini House was successful in getting about a dozen buyers through the house within a couple days, which was good. And while I would have liked to have gotten more, I’m still happy that we ended up with a single offer coming from that group. The offer […]

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House #13: Rehab Continues

October 23, 2009

Below are some more pictures of the rehab on The Poor House… Things are moving along very quickly on this one (most things, at least). We’ve made two big decisions on this one to really appeal to buyers: We’ve decided to build a large beck deck (about 225 sq ft) to highlight the large, level […]

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House #12: Major Marketing

October 20, 2009

We’ve certainly learned the value of good marketing over the past year, and when we need to, we really put it to use. The first contract on The Mini House fell through a couple weeks ago after the appraisal came in low, and we were disappointed to find that we weren’t getting much activity through […]

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