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House #8: On The Market

September 13, 2009

After closing on The 16-Bid House about a week ago, we did a quick partial rehab and have put it back on the market to resell to another investor. Here are the pictures of our partial rehab… Given the rehab we’ve already done — siding repair, drywall repair, new front door, and paint inside-and-out — […]

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MH #1: Too Easy?

September 11, 2009

I mentioned in yesterday’s post that we were planning to try our hand at investing in some mobile homes (MH) via “Lonnie Deals”… Well, it appears we’ve done our first deal already! One of our partners found a MH listed for sale on the website of a local bank. The MH was a foreclosure and […]

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Lonnie Deals

September 10, 2009

While this site is primarily geared towards flipping houses, I like to use the blog to highlight all the real estate activities of our business, even those that don’t necessarily have to do with rehabbing or flipping. And we’re planning to start branching out just a bit… For those not familiar with the concept, there’s […]

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House #12: Final Staging

September 9, 2009

I just realized over the weekend that I never posted any final pictures of the The Mini House after it’s been staged… Here you go! And to make up for my slacking on this, I even did a quick little walk-through video (not great, but it will do):

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Building Our Reputation

September 8, 2009

While I like to think that my wife, brother and I are doing a great job building our real estate business, it’s always nice to see a little bit of recognition from outside of the company walls… About a month ago, I was contacted by a journalist writing an online article about how to buy […]

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No More Skyline House

September 4, 2009

We just can’t seem to get that 13th house purchased…as of today, we’ve backed out of purchase of The Skyline House… I really hate backing out of deals, but there were three reasons we backed out of this one: The title company was having issues getting clear title to the property. We were supposed to […]

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House #8: Officially Ours

September 3, 2009

Well, it took over 6 months, 6 contract extensions, and lots of headaches, but we now finally own The 16-Bid House… Rehab will likely start on Saturday, and will hopefully be completed by Monday. We’ll start looking for investor buyers next week, and hopefully we’ll be able to sell it relatively quickly… It’s been a […]

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House #13: Some Details

September 2, 2009

We put The Poor House under contract after looking at it for only 5 minutes (it was priced right), so I decided to head back there today to look at it a little bit more closely and to start putting together a scope of work… Here are some additional details about the house: First, some […]

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House #8: Closing Scheduled

September 1, 2009

We finally have the closing scheduled for The 16-Bid House! After literally 6 months (185 days) of having this house under contract, the bank finally has clear title, the closing attorney finally has all the paperwork, and the closing is scheduled for Thursday afternoon. Of course, I’ll believe it when I actually get to the […]

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House #11: First Appraisal

August 31, 2009

For the first time in this business, we’ve actually been caught by surprise at someone else’s competence… As I mentioned previously, my brother/project manager is buying The Sunglasses House. Normally, we’d be waiting until the 90-day FHA seasoning was completed before we submitted a contract and got the mortgage paperwork started, but we’ve found a […]

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