Creating Wealth Through Real Estate

Today, I had two crews working on the balance of the demo today on our Southern CA REO rehab flip. The bathrooms are now gutted and the walls are knowcked out in the areas needed where we will be re-arranging some items. I personally did the demo on the tiles in the family room where I will be changing the flooring to carpet to warm up the place.

The second crew finished the rest of the baseboard and door casing removals as well as the balance of the interior doors and jams (all will be replaced new). They also scraped the hallway ceiling where the acoustic was and the bonus room was prepped for painting. Tomorrow, the bathrooms will be looked over by myself and my contractor to decide exactly how much tile and other materials are needed.

I went to Home Depot again today to pick up the panel boards for the new skirt around the spa I wil have built as well as the cast iron tub for the hall bath. Unfortunatley, the trip to HD tok longer than expected, so by the time I got back, all the workers were gone, so I could not unload the tub out of the truck on my own. It remains there now as I had to leave it in my truck (no harm, no foul).

Today marked the start of our "Make Me An Investor" program and our students received the first weeks information to get started building their team. A phone conversation is set for Wednesday to go over in detail everything that is needed to accomplish as well as answer any and all direct questions our students may and will have.

What is even more exciting is that our students have been invited to the rehab project to see first hand the process in action. Not only that, more filming will be done on the project and any students present will have the opportunity to be part of the videos. There will be more opportunities for the students who do not make it to the job site tomorrow, as we will make sure each of them get first hand experience. Stay tuned for our next blog post which will update you even further on the process and the exciting things that are to happen!

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Today was major interior demo day! I did much of the work myself, for one to keep costs down, and for two, it is great anger management! There are so many ways to release aggression doing demo work, and best of all, it is productive.

I took the sledge hammer to the bathroom countertops, shower tiles, and vanity. The only thing left in the hall bath is the toilet and the tub (my crew will get that on Monday). In the master bath, more of the same, but the shower is not finished with the demo work as we are moving some walls and re-arranging the layout.

The floor tiles in the living room were pulled up as well and the dumpster received lots of action today! My pool guy (also a very good friend of mine) drained the pool and cleaned it out. It is now ready to be re-plastered next week. It will look great when done and really add value to the home. My bathroom remodel crew starts Monday and they will finish the demo work, finalize the material order and start the rehab.

Stay tuned for the Monday report on this exciting rehab project and we should have more videos for you soon.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

We have finished the filming and editing of part one of our new video series, "Make Me An Investor" and you can watch the video by following us on twitter. Just go to my profile and click on the twitter link, "what am I doing right now"

As soon as I figure out how to embed the video right here on this blog, I will do that as well. If you know how, feel free to comment here with instructions. I appreciate any time saving assistance I can get!

As we work through this particular REO rehab project in Southern California, we will be filming the progress and posting the videos here on our BP blog as well as on our website at www.nationwidepropertyinvestments.com/ourblog so be sure to watch it. It will be a great learning experience and lots of fun too!

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

Our Granada Hills REO rehab project is moving along. Today, I took delivery of the roll-off dumpster for all the trash and demo debris. We also started the demo work on both the interior as well as the landscaping. Trees were trimmed back, bushes removed, etc. On the inside, we took down the pony wall in the living room, removed the old style wood paneling in the living room, and started the demo on the bedroom walls where we will adjust the closets (details to follow. Much of the demo work and debris was hauled into the dumpster which was placed in the front driveway. We are off to a great start!

I also finalized the timelines with the contractors as well as lined up some electrical work/planning to be done on Friday. My partner and I took a break for lunch and met a couple of fellow investors for lunch at the Bear Pit which is right around the corner. I have met several investors there, including one from BiggerPockets (You know who you are). Boy do they have great BBQ! Anyways, one of my friends we had lunch with was Rosie Nieto who runs a great real estate investment club in Los Angeles called the naked Real Estate Investors Club, "The bare truth about RE investing". We had a great time and she confirmed us as her guest speakers again for this August's meeting. All you local CA investors should come and check out her club and us speak! Her last meeting was a blast!

The best part about today was the video filming started and we got many great shots and footage which will be professionally edited and completed by Thursday, and then posted here and on our website shortly after. Let the videos begin!!!!! Stay tuned for my next post on this rehab project, as it will have real life videos of us in action.

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!

I was scheduled to close today with the Granada Hills, CA REO Rehab flip, as all the funds have been wired into escrow (last week), and all the documentation has been signed (no loan docs as it is all cash). Unfortunately, the people working for this bank and their escrow company have their heads up their (well you know the saying). My broker just emailed me the HUD which he JUST now received (we have been requesting it for a week now) and stated that in ALL his years dealing with REO's, these people are the biggest idiots he has ever come across.Oh well, guess we close Tuesday (I hope).

So I planned on doing some of the exterior demo today but could not as I don't officially own it yet, but I went there anyways to get a head start. First thing I did was water the lawn (on the banks dime!) and then I started cleaning off the roof which was full of leaves and pine needles that appear to have been up there for several years. I used a large push broom for some, but the best was the blower which blew that crap right off the roof. It was kind of fun, but dusty.Next, I trimmed the many tree branches which were hanging down over the driveway, over the roof, and over the front yard. They were low enough that you could hit your head on several of them. After that, I cleaned up the area, stacked the branches in a nice pile and filled up the trash cans with the debris. I spent about 2 1/2 hours there all together and the end result was a much more appealing look from the curb. You now have a clear view of the house from the street, as before, the view was blocked by the low hanging tree branches.

Assuming we close tomorrow, & it does not rain, I will start ripping off the wood paneling on the house in the back yard and hopefully get to the front as well. Once complete, the window installers go first, then the stucco guys go next. The two front windows facing the street are going to be ripped out and I will have the areas re-framed to hold a 3' X 5' replacement window rather than the long vertical existing ones. It will make for a much better curb appeal from the exterior and more wall space in the two bedrooms on the interior. I also will have the roll-off dumpster delivered so that all the demo trash can be tossed into there for easy storage and haul off.If it does rain, I will start on the family room wall demo work & the dining room wood paneling removal to get a head start on the interior. If I have time, I will also start on the bathroom demos which will involve removing the shower doors, removing the tub, removing the existing floor and tub tiles and removing the existing old and ugly cabinetry/sinks.

Photos and videos to follow. The video footage starts tomorrow. I am very exited about that. Videos will be posted here on my BP blog as well as on our website/blog - stay tuned!

William Barnard is Managing Partner of Nationwide Property Investments, LLC and President of Barnard Enterprises, Inc. Will participates in millions of dollars in real estate transactions each year and has experience in nearly every aspect of real estate investing, including rehab flips. Join his FREE Membership at www.nationwidepropertyinvestments,com and start or continue on your journey to creating wealth through real estate!