Our first flip! (#13)

We will be updating the journal soon on this. Purchase Price : $31,500 Estimated rehab  : $30,000 Hopeful Resale price : $99,900 Closing costs – <$8,000 Profit : $30,400

The 37 year tenant (#14)

  Features Duplex ~2000 Square feet 2 bed 1 bath per side MLS listed Financials $52,500 purchase price ~$0 rehab cost $615 monthly NOI 14.35% ROI $60,000ARV ($7,250 in net equity after rehab) Investment diary This is one of the few potentially ‘hands off’ deals we’ve had. A traditionally listed MLS duplex, no distress, just owners tired of managing a rental property. …

Blog from the car #1

Well, we are at the start of another week. The past few weeks I’ve been pretty good overall. Hopefully we will stop burning through cash reserves at the pace that we have the past couple months. We went over around $10,000 on the rehab on property #12 and likely will go a little over on property #13 thankfully, the business …