Closed on our 4th property in about 45 days with an offer accepted on property on #5
Don’t have a lot of time to post and explain what is happening since I have been so busy so I will post a spreadsheet with the most current properties we have purchased so you can see how we break down our numbers.
You should (in theory) be able to click on the view web page and go the the web page I created for each property. I apologize if they are not all polished up yet and there may be some viewing errors but bear with me. If you like the property websites let me know so I can keep creating them.
I am trying to be as open as possible on how and what I am doing and hope it helps.
If you click on the project name it should take you to a website. Please do me a favor and let me know about any glitches that may not be working.
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Esparta Fix and Flip workshop
October 24, 2011 - 1:57 PM
Tags: Flipping, Projects, Rehabbing, San Diego, Tactics
Posted in Analyzing Investments, Best Practices, News | No comments
We invite you to join us for a free workshop at our newest completed project! Saturday October 29th from 9am-11am at 9759 Esparta Ct. Santee, CA 92071 Our workshop series covers the 5 F’s of Residential Redevelopment: Finding, Feasibility, Funding, Fixing, and Flipping. In this workshop we will primarily focus on what many consider to be [...]
Aloha to our little friend… We have San Diego city approval
January 17, 2011 - 4:19 PM
Tags: Projects, property 42
Posted in Property 42, Real Estate Diary | 2 comments
We have approval from the city which will give us almost an additional 500 square feet, 2 bedrooms and a bathroom by adding a couple walls, a bathroom and a couple closets.
ALOHA TO OUR LATEST FLIP
December 20, 2010 - 6:50 AM
Tags: Projects
Posted in Property, Property 42 | 1 comment
As they say on Hawaii Five O – Book-em Dan O’ Construction is starting as soon as our plans are approved from the city. This was the 2nd house fund 2 purchased. Property 1 was the Ocean Beach house.Ok so this deal seems to have come directly from Hawaii, we paid $323,000 cash for this [...]
Chula Vista Flip… Going once, Going twice, Sold the cat pee house…
October 1, 2010 - 9:12 PM
Tags: Flipping, Projects, Rehabbing, Tactics, Video
Posted in Property 37, Real Estate Diary, Vlog | 4 comments
Besides
* trying to get rid of the strongest nastiest cat urine smell I have ever encountered (see video below for the smell O’ vision cam)
* the 30′ septic pit we discovered (which was supposed to be a septic tank – actual picture)
* paying $13,000 in city fees to hook up the septic (pit) to the city.
* An appraisal that came in $20,000 to low.
Besides those little things you couldn’t have asked for a smoother, easier, less stressful transaction.
I must have been on a bathroom break while I was watching those get rich quick late night Real Estate riches infomercial (those nights I wake up thinking about sink holes, low appraisals, and dealing with city governments) hosted by those two midget dudes.
Here is my get rich quick Real Estate infomercial that I directed, produced and starred in. Watch out Billy Mays here comes Curtis “the cat pee terminator” Gabhart.
Falcon construction underway and 3 houses closing
September 17, 2010 - 1:53 PM
Tags: Flipping, Projects, Rehabbing
Posted in Property | No comments
FALCON UPDATE The demo is complete and the downstairs walls have been framed out. Our electrician is installing wiring for outlets and lights this week. Plumbing and mechanical is about 85% complete. We visited and took some video for you (Curtis almost sprained an ankle walking through all that action, but he made it out OK): Our Home Depot crew helped [...]
Bullrush Glen Project 38 Update
August 4, 2010 - 2:01 PM
Tags: Flipping, Projects, Rehabbing
Posted in Property, Property 38, Real Estate Diary | 3 comments
Your email: This is the property we closed on in the beginning of July in Escondido, CA. This property is located in a gated community constructed in the 1970′s. Surprisingly, the property did not need many renovations to get it ready for resale. The exterior of the property will be repainted as well as [...]
What a long strange trip it’s been….
July 21, 2010 - 5:33 AM
Tags: Funding, Projects
Posted in Group Investing, Real Estate Diary | No comments
Where do I start? The last real post was in the middle of May I think when I posted my 30 day challenge. At that time I decided to see if it were true that there were no more good deals to buy (I was a little worried this may be true).
The challenge was to buy 2 San Diego properties in the month of May (which I decided to increase to 3 because as the cool people say “that’s how I roll”) and I am sure the two of you must be curious how this so called challenge turned out… Be patient I will get there shortly.
Change order #1 on Flip #6 in Escondido
February 24, 2010 - 8:07 PM
Tags: Flipping, Funding, Rehabbing, Tactics
Posted in Case Study, Property, Property 36, Real Estate Diary | No comments
Spent most of the day at the site today looking over some things that needed to be done at the Escondido flip now that some walls were open. Our construction contract here is a cost not to exceed and I could probably force some of this on the Contractor and win in the short term. But when I needed something on my end I would pay for it and then some and mess up the trust.
I do my best to have as strong a contract in my favor as possible and to have paid less than the work that has been done so far (they can always put a lien on the property if I don’ pay them as opposed to me trying to chase them down and sit on an empty building). I also try to have incentives with pay points so a certain amount of work has to be done by certain pay points otherwise they have to wait for the next pay period which is twice a month. This will keep them working longer to get something done they otherwise may wait an additional day to do.
Update for latest San Diego Real Estate Flip
February 20, 2010 - 10:17 PM
Tags: Flipping, Projects, Rehabbing
Posted in Property, Property 36, Real Estate Diary | No comments
Time flew today. I spent the first part of the morning finishing up my painting scope. I should be complete with it tomorrow. The rest of the day was spent putting together the contracts for HVAC & Water Filter. I have spent extra time modifying my old contracts from doing the conversion to be more [...]
Friday was a good day for the flipping business
February 16, 2010 - 7:55 PM
Tags: Flipping, Projects, Rehabbing
Posted in Property, Property 36, Real Estate Diary | No comments
All righty now…… Friday was a good day. Closed escrow on my Shasta flip – Hit the sales price projections on the penny. Accepted offer on Brant – Good buyer 40% down. Constructions is moving along on Pennsylvania Well thank goodness we closed Shasta to get a little $$$$ in the kitty. It ended up [...]
