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Flip This Wholesaler (.net)

July 26, 2009

Aside from the Resources section I have on this site, I don’t spend a whole lot of time talking about other resources out there on the web. But I do want to take the time to mention another site that some of you may find very interesting, motivating and useful… I’ve mentioned Wholesaling in this […]

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Update for 7/24/2009

July 24, 2009

A quick update on where each of the properties stand: House #1: The Corn House We’ve collected four on-time rent checks, and according to the contract, we should be closing on the lease-option on this one at the end of next month. Unfortunately, based on the credit check that the mortgage broker ran last month, […]

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Contractor or Employee?

July 23, 2009

One of the most important aspects of protecting your flipping business against lawsuits and IRS audits is to properly classify your workers as either Employees or as Independent Contractors. If you want more information on this topic, check out our latest article in our Flipping Education section: Employee vs. Independent Contractor

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House #12: On The Market

July 21, 2009

We finished the rehab on The Mini House over the weekend, and just listed it for sale today… We haven’t yet staged it, as we’re still waiting for The Hat Trick House to sell so we can use that furniture. But, even without the furniture, it looks pretty good. It was a simple “paint and […]

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House #11: Rehab (Vid 2)

July 19, 2009

While I just posted the first rehab video for The Sunglasses House a couple days ago, that video was about a week old (took me a while to get the video card I needed to upload it to my computer)… So, here’s the next installment, which was just recorded this past weekend, and should bring […]

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House #11: Rehab (Vid 1)

July 17, 2009

I’ve gotten lots of requests to start adding video of our rehabs, as people want to get a better idea of what specifically we’re doing on our houses and what the houses look like before and after. I’ve been putting off doing this for a couple reasons: I was too lazy to buy the correct […]

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House #9: First Offer

July 16, 2009

We received our first offer on The Hat Trick House today. After dropping the price last week, we’ve gotten a good bit of traffic through there, so I’m not surprised that we found someone interested. The offer is actually quite interesting… The buyer is using a special loan program call NACA, which is a non-profit […]

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July 18: Estimation Workshop

July 14, 2009

Just a reminder that we’re holding our next Cost Estimation Workshop this weekend for anyone who is interested: Cost Estimation Workshop So far, we only have a couple of sign-ups for this one, so you’ll likely get a lot of time to ask 1:1 questions and discuss any upcoming projects you might be considering.

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House #6: Dead Deal

July 12, 2009

We got the 3rd appraisal back on The Red Garage House, and it came in well-below the purchase price… While this was disappointing, it gave us the impetice we needed to just kill this deal once and for all. After nearly three months of underwriting hell, dealing with idiot mortgage brokers and a buyer who […]

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House #11, #12: Rehab Progress

July 9, 2009

Just a quick update on the progress of the two rehabs underway… House #11: The Sunglasses House We made great progress at The Sunglasses House today, with three crews of contractors working from sun-up til sun-down. The old roof came off and the new roof went on, the polybutylene plumbing was torn out and completely […]

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