Esparta Fix and Flip workshop

Esparta Fix and Flip workshop

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 the most challenging: Fixing!

 

 

 

 

 

 

Some highlights include:

  • Our scope of work & budget and how it changed during the project.
  • Challenges we encountered during construction.
  • Permitting a garage and bedroom/bath additions with the city.

 Space is limited, so SIGN UP HERE to reserve your spot!

All those in attendence will recieve a copy of our initial walkthrough packet which can be used to estimate construction costs on your projects.

Light refreshments will be served.

 

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Chula Vista Flip… Going once, Going twice, Sold the cat pee house…

Chula Vista Flip… Going once, Going twice, Sold the cat pee house…

Ahhhh finally we sold our Chula Vista 2 bedroom 1 bath house.

Besides

The cats in Chula Vista didn’t use the bathroom like this good kitty did

  • 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 (training the cat to pose for the picture above) 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.

Does one steer while the other brakes and accelerates?

I just don’t recall seeing my little buddies mentioning those damned septic pits that cost 15 gees to take care of.
In addition they didn’t include the super duper negotiating navigating techniques it takes to keep a deal together with these challenges.

That must come with the more expensive course sold by Tom Vu

(more…)

Falcon construction underway and 3 houses closing

Falcon construction underway and 3 houses closing

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 out with some sleek tile, lights and finishes. It is going to be a very modern home with a lot of light and clean lines and colors. I mean, take a look at the floorplans as well as some renderings put together by the dynamic duo at HD.

 

 

CLOSINGS

5th, Bullrush, and Caminito Agadir are all slated to close within the week.  We had to slay a few dragons in the past couple of weeks. An appraisal issue on Bullrush, resolved. A sewer issue on 5th, resolved. An air conditioning issue on Caminito Agadir, resolved. Buyers are happy now and all contingencies have been removed, so things are looking promising.

For the most updated information & news on real estate & Gabhart Investments go to our facebook & twitter pages

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Bullrush Glen Project 38 Update

Bullrush Glen Project 38 Update

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 new plants and bark will be added to bring some color to a colorless property. Part of bringing color to any property is installing a new front door, which is what we did. In the backyard new sod was installed and a new deck was constructed.
Inside new tile, carpet, and paint was needed as well as a light renovation in the kitchen. The kitchen cabinets were painted a dark Ebony color as well as a new sink and granite counter top were installed. The existing fireplace is going to be refaced with new travertine tile and a new Ebony colored wood mantle.
By August 11 this property will be on the market.

Home depot has great deals on queen palms here in San Diego. These guys were $10 each and we mixed them in with some queens that were $25 and a little bigger.
If you have the budget and it is appropriate there palms for @ $100 are HUGE and can really make a statement.
Since this yard is so big I needed to buy more plants so tried not to spend to much on any one plant.

All the cabinets throughout were honey oak.
We sprayed them out with a color coat of lacquer which ended up being a much better finish than the new cabinets we have been buying from home depot and the cost for  the whole house (3 bathrooms, 1 bank of linen cabinets) was about a 1/4 of buying new and installing.
You need good painters to do this. Don’t leave it up to your handyman.

The deck was in such bad shape that I decided to demolish the whole thing and rebuild a bigger one in it’s place. This deck is about 450 square feet and sits off the dining room. It really connects the inside and outside together and will be a great place to BBQ and entertain.

Our tile buys getting ready to face the fireplace with travertine tile.
Cheap way to really update the place and almost the first thing you see when you walk in the front door.
I always try to have a few “show” pieces in the house. I always try to put myself in the shoes of the buyer.
When they walk through I want them to think in there head that they can’t wait to show these things off to their friends and family.
To the right here is the sod we installed on the side yard. This was all dirt.

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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.

For the most updated information & news on real estate & Gabhart Investments go to our facebook & twitter pages

ps. click here to like us on facebook

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