Flipping Houses
by Richard Warren
| March 17, 2008
This is the saga of “Lucky” the newbie investor. Lucky has big dreams of being an ultra successful real estate mogul. He is addicted to all of the flip-and-grow-rich TV shows, he just can’t get enough. He sits in front of the TV night after night watching property escalator, real estate jocks, flip this flophouse [...]
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Flipping Houses
by Richard Warren
| March 10, 2008
You’ve been hunting for that perfect rehab deal like a Neanderthal stalking a mighty Mastodon. You’re sure you’ve found it. The after repair value and renovation costs will allow for a hefty profit. You should even be able to set a price that will result in a quick sale when the rehab is complete. There [...]
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A Mothers Nature: A Force to Reckon With When It Comes to Mold and the Home
by Jim Watkins | February 15, 2008A few years ago, I bought a house that had been infested with black mold but it had been cleaned up by a professional remediation company months before I had bought it.
The house had an ARV over $300,000 and I got it for $160,000. Most of the walls did not have drywall and it was [...]