Posted in Real Estate Investing, Rehabbing Houses, Wholesaling Houses on 25. Feb, 2012
We bought this house and land (1.2 acres) to do a development project. We planned to develop the site and build a high rise of 44 units. We then changed this to 15 townhomes. Eventually we were forced to rehab the 3,300 sq ft house that was on the site that was built in 1894. [...]
Posted in Rehabbing Houses, Wholesaling Houses on 28. Jan, 2012
When you wholesale a property, you assign your right to purchase it (your “purchase contract”) to someone else. This has many, many advantages. First, you don’t have to wait three months or six months for the rehab to be completed before you can realize a profit. This is hugely important to cash flow; it allows [...]
Posted in Real Estate Investing, Wholesaling Houses on 04. Jan, 2012
I’m always on the lookout for cool stuff in the houses we go through. My years of experience has taught me that you never know what you’re going to find. Although my main goal is to build a relationship with the seller, negotiate a rock bottom price, and get paid – I can’t help keeping [...]
