1-2-3 Flip

House #54: Financial Analysis

J Scott — Mon, 17 Jun 2013 21:22:48 +0000

I’ve had a few questions about the numbers for House #54 (which I posted about yesterday)…

Here is a more detailed breakdown of where we expect to be:

My agent believes we could get closer to $400,000, but I prefer to be conservative…

House #54: Just Purchased

J Scott — Mon, 17 Jun 2013 02:49:34 +0000

We just purchased our 54th house…

Purchase price was $187,000, we expect to put about $100,000 into a full cosmetic and mechanical rehab, and then expect to resell for about $350,000.

House #53: Just Purchased

J Scott — Sat, 08 Jun 2013 22:53:33 +0000

We just purchased our 53rd house yesterday…

Purchase price was $220,000, we expect to put about $50,000 into a full cosmetic rehab, and then expect to resell for about $360,000.

House #43: Project Diary

J Scott — Fri, 07 Jun 2013 01:17:11 +0000

I’ve decided to create a day-by-day “diary” of The Tear-Down House project…it contains every detail of the project in a day-by-day format, including links to schedules, budgets, pictures, videos, bids, invoices, etc.

In order to get it in front of the widest audience, I’m doing it via a thread on BiggerPockets.com. If you’re interested in following, here’s the link:

Diary of a New Construction Project

I hope you enjoy and find it useful!

House #45: Staging Pictures

J Scott — Sat, 01 Jun 2013 13:00:41 +0000

We finally put The WI-3 House on the market this weekend…

It was a much longer rehab than we had anticipated, but that’s because we’re still working out the kinks on long-distance rehabbing and are now spread between multiple cities. That said, after about $14,000 in foundation work and a full cosmetic make-over, this 80 year old house looks awesome!

Here are some staging pictures:

THE WI-3 HOUSE: STAGING PICTURES

I don’t expect we’ll be making a ton of money on this one (we expect about a 10% ROI), but hopefully it will be a quick sale and the continued lessons about long-distance rehabbing have been invaluable.

House #52: Just Purchased

J Scott — Sat, 01 Jun 2013 03:55:33 +0000

We closed on the purchase of House #52 today…

This is another one in a new market we’re working in, and should be a pretty good deal.

Here is how we anticipate the numbers will break down for this one:

House #51: Preliminary Budget

J Scott — Tue, 28 May 2013 01:04:52 +0000

I mentioned the other day that we picked up House #51…here is the preliminary budget for that one:

House #51: Contract To Buy

J Scott — Wed, 22 May 2013 22:57:13 +0000

We’re scheduled to close on House #51 this week…

This one is in a new market we’re working in, and we’re actually getting ready to pick up several new deals in this market over the next few weeks.

Here is how we anticipate the numbers will break down for this one:

Houses #48-50: Financials

J Scott — Mon, 20 May 2013 21:24:10 +0000

I mentioned a couple weeks ago that we picked up Houses #48-50…here are the estimated financial results for each of these properties based on our initial analyses:

Book Update

J Scott — Sat, 18 May 2013 22:13:01 +0000

Thanks to everyone who has purchased my books over the past two months! As of today, we’ve sold over 2000 books, the Flipping Book is #3 on Amazon in the “Buying & Selling Houses” category (#4 in the “Real Estate Investing” category), and we have all 5-Star reviews! In fact, the book is currently in the top 7800 of all books being sold on Amazon…

The funny thing is, only about 6% of our sales have been on Amazon (most are being bought directly from BiggerPockets.com), which makes those statistics even more meaningful.

If anyone else is interested in buying them, you can pick them up on Amazon, or buy the bundle on BiggerPockets.com…