When estimating your rehab budget do you account for security?  If not, you should think twice.  I’ve learned that it pays to secure the house.  Even if you are in a nice neighborhood but especially if you are in the rougher side of town.  There is just something about vacant homes!  It screams to the […]

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I’m currently looking to do more rehabs.  People may think this market is bad for rehab projects but I beg to differ.  There are people out there buying real estate and they are looking for deals.  Likewise, there are people out there selling real estate significantly below market value due to foreclosures.  Most experienced investors […]

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At this point in my investing career, I have unloaded all my rehabs. In this slow market, it took almost a year to sell the last rehab. I completed that rehab just in time for the spring market and got a lot of inquiries when it first hit the market. Unfortunately, it was at a […]

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My first true Rehab was a shipwreck (literally). You will see the before and after pictures below. I like to flip houses that are really run down. There is more room for negotiations, but of course, more rehab work to do. I found this particular house through an absentee owner’s (real estate owners) mailing list […]

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We bought the HUD property in June of 2003. I may have forgotten to mention that we bought the home without knowing what the electrical, plumbing or heating situation was like. We could physically see the utilities but we had no way of testing them before purchasing the piece of real estate. When buying foreclosures, […]

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