rehabber
Real Estate Interviews by Joshua Dorkin | March 21, 2008We certainly have not been focusing on our investor interviews lately and we’re making a concerted effort to change that. We’ll start with an interview with one of our active BiggerPockets contributors, Tom Cmunt. Tom has given much of his time to help fellow BP’ers through our forums and has become a staple in the [...]
Blogs by Richard Warren | February 18, 2008In previous weeks we discussed rehabbing a home for personal use (Getting Started In Rehab) and rehabbing for use as a rental (Rehabbing a Rental Property). This week we will look at rehabbing with the intention of flipping. This is, by far, the riskiest of the three. However, it can also be the most lucrative [...]
Rehabbing by Connie Brzowski | January 13, 2008You don’t need the construction skills of Bob Vila to be a rehab professional, yet it’s no secret you can save if you do some of the work yourself. As a general rule, estimates from contractors in our area run 1/3 for materials and 2/3′s for labor. So theoretically, we save 66% by doing the [...]
Rehabbing by Connie Brzowski | December 29, 2007Rehabbing a house can be a nail-biting experience, particularly the first time around. Sometimes, nice readers over at my blog email asking advice about their latest rehab project. Generally, the questions involve finishing issues such as whether to paint or replace kitchen cabinets, or if carpet or wood floors work better in a rental. I [...]
Real Estate Investing by Michael Creel | December 21, 2007Although the days of getting cash credits towards closing costs are seemingly coming to an end with the tightening of mortgage regulations, there are still viable ways to accomplish that goal. Both Non-Agency and Dual-Agency arrangements can be used for this purpose. Often buyers mistakenly believe Dual-Agency is created when buyers approach a listing agent [...]
Rehabbing by Richard Warren | December 18, 2007I had just acquired my second rehab project and I couldn’t wait to get started. Like the first, this was going to be my personal residence. It was a three bedroom ranch in a great area that I had acquired from HUD. Like many foreclosures it had been badly neglected and needed a fair amount [...]
Commentary by Jim Watkins | December 16, 2007Last year, I bought a house, rehabbed it and finally sold it. When I got a contract to sell it, the experience I endured was simply gut-wrenching. I got “sand-bagged” just about every way possible until I fought back… And WON! Here is what happened… This house was the first house deal I had done [...]
Flipping Houses by Richard Warren | December 11, 2007What a rush, closing on that first rehab deal! Now it’s time to start making every mistake in the book, at least that’s how it was for me. On the surface it looked like a great deal. I had purchased a bank REO for about 60% of the market value after repairs. I had construction [...]
Commentary by Richard Warren | November 20, 2007Thanksgiving is a time of year where people will traditionally pause and reflect and give thanks for their good fortune. For me this is relatively easy because I have so much to be thankful for. Many people are not as fortunate, some a victim of circumstance and others suffering the consequences of poor choices that [...]
Commentary by Richard Warren | November 6, 2007It was the best of times. It was the worst of times. By the end of 2004 I was totally frustrated with the Las Vegas real estate market. As a rehabber my business model is to find distressed property to purchase at a large discount. The goal is to repair and renovate the house in [...]
Real Estate Resources by Joshua Dorkin | October 26, 2007CashflowandEquity.com is the website of Cornerstone Investment Group, a company that has gained recognition for its specialty–offering turn-key properties to real estate investors. Simply put, this investment company promises to ease the “headaches of being a landlord.” No simple task, but the company says it can do this by providing properties that are “renovated,rented and [...]
Commentary by Richard Warren | October 16, 2007From the time I was very young I had an entrepreneurial mindset. I did everything I could think of to make money, from selling Kool Aid in front of my house when I was very little to selling soda to thirsty golfers on the course at the age of ten. It was also at the [...]
BiggerPockets News by Joshua Dorkin | October 15, 2007We’ve been working hard to build up our blogging team for you and are happy to announce another talented professional to our team of experts, Richard Warren. Richard has been investing in real estate since 1985 and began rehabbing in the early 1990′s. With a background in financial planning, Richard learned that most of his [...]
Flipping Houses by Joshua Dorkin | October 3, 2007We’ve all seen the reality TV house flipping / rehabbing shows . . . Flip this House, Flip that House, Property Ladder, Flipping Out, etc. These shows, I believe, have both positive and negative implications for those watching them. Here are just a few: Pros of House Flipping TV Shows: Potential flippers are inspired to [...]
by Joshua Dorkin | April 9, 2007It is great to have the opportunity to interview someone with a good amount of rehabing experience. With rehabbing being the hottest craze in real estate (condotel investing seems like a close second), many people don’t see the reality behind the craze. Learning from pros like Richard, whose interview you are about to read should [...]
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A Nightmare Closing Saga – Part I
by Jim Watkins | December 16, 2007Last year, I bought a house, rehabbed it and finally sold it. When I got a contract to sell it, the experience I endured was simply gut-wrenching. I got “sand-bagged” just about every way possible until I fought back… And WON! Here is what happened… This house was the first house deal I had done [...]