The very, very late conclusion
Tuesday, April 05
I don't have any excuses. I can say I have been busy, which I have been, but so have most of you probably. I apologize for not posting a final update on our first flip shortly after we sold it. I imagine some of you probably think that I didn't post a final post because something went wrong and I...
The First Flip Adventure Winds Down
Thursday, March 19
Once again I apologize for not posting more frequently. There has been a lot of activity but not enough for a post until now.Lessons learned since my last post:1) Rehabs take longer than you think. When we started our contractor told us it would be done in 3-4 weeks. Here we are at 2 months and i...
This "quick tip" could save you thousands of dollars per year!
Sunday, January 25
What if I told you that a simple phone call could possibly save you hundreds, and quite possibly thousands of dollars a year? What if you could add a couple of zeros to your bottom line every year in less than 30 minutes? Will you be one who takes action or one who sits back giving away money eve...
The REAL flip adventure begins
Wednesday, January 21
Well, it’s been an exciting, depressing and stressful past couple of weeks. We learned a few big lessons in flipping, and in real estate in general. I’ll get to each lesson as we go.We were originally scheduled to close on January 12th but because we hadn’t seen hard numbers from our contractor w...
The Background
Monday, December 29
The Background.Thanks to those of you who stuck through post #1 to see how things transpire! Here’s the story of how we got this property. As I said in my first post, I had lived in Florida and now live in California so I could not go see properties on my own. I had found a few realtors who were ...
The First Flip Adventure Begins!
Tuesday, December 23
The adventure begins!Flipping is something I’ve always wanted to get into. Not necessarily full-time but as an additional source of income as a way to build up the coffers faster. I bought my first rental property in Florida in 2004, ended up living in it for about a year and a half and then sold...