The new site is pretty much complete and we are up and running. We’ve gone from Flipping Crazy to Flipping Smart…. come check it out at www.flippingsmart.com.
The new site is still a work in progress. Its amazing how customized you can make these WordPress sites, with all the themes, plug-ins, widgets and who knows what else, it’s actually a little overwhelming. I should have the new site ready over the next few days.
On the house flipping front we are still cruising right along. We’ve got three new properties lined up that we should be closing on over the next 10 days…. and I just heard from my negotiator that we got another short sale deal approved today.
The three new purchases are all really good deals. Two of them are REO’s that we are buying through the same agent and one is a short sale that we have been negotiating for the last 10 months.
One of the bank owned houses has yet another pool. This is the fourth pool we’ve had to deal with in the last three months. We were thinking we may actually be able to save this one, but after draining it and having a pool company look at it closer, it turns out there are some problems that are going to make it too costly to fix. In determining if we are going to keep a pool we look at how much it’s gonna cost to fix it and get it up and running vs. how much it will cost to fill it in….. usually it’s just cheaper to fill them in…. and so that is what we do. Of the four pools, one was an above ground that we knocked down, and three were inground that we filled in. Here in the Northeast pools add very little resale value, if any at all, so that is why we fill them in.
Heres a look at it before we drained it. This thing looked and smelled like a swamp. Notice the nice green color.
Dominic tried to throw a whole bunch of chlorine in their to clean it up, but I don’t think it worked.
I’ve got to share this video with you…. it’s the funniest thing ever. I was laughing so hard when I saw this on TV for the first time. This is Armando visiting our pool pictured above!!!!
LOL!!!!! Oh man I could watch that all day
So it’s been just about a year since I set this blog up (April 6th was my first post) and I could never have imagined just how many deals we’d be doing, and how much this blog would grow. To be honest, I had no clue what I was doing when I set this up…. I just used your basic WordPress hosted site and started writing and posting pictures of our various deals. Well, here it is one year later, we’ve built a Flipping Machine, and now I’m looking to build a little nicer website, but there are some serious limitations to using a basic WordPress hosted site…. so the plan is to move the blog over to private hosting and set up a more customized site that offers a richer experience. Right now it’s all a work in progress, but I will let you know when it is complete. (I know your waiting on the edge of your seat!!!!)
OK, back to why you came here; Flipping Houses.
The spring market is here and there are alot of buyers out trying to beat the deadline for the tax credit. So far we’ve put 143 Lloyd Ave and 70 Glenwood St on the market, both are now under agreement with home inspections scheduled for this weekend.
Next up to hit the market is 42 Wexford St. I posted some pics of this house a few weeks back as we were winding down. Now I have all the final pictures of the home finished and staged. Have a look;
So thats it for Wexford… another successful project. It’s live on the MLS now and with the nice weather we are suppose to have this weekend hopefully we’ll have some traffic and a couple offers to follow!!!
To all my religious folks out there, have a good Good Friday…. and to the rest of you, have a good Friday
Filed under: 42 Wexford St Springfield MA | Tagged: 42 Wexford St Springfield MA, Finished Rehab, Flip this house, Flipping Houses, Home for sale springfield ma, House for sale Springfield MA | 7 Comments »
We’ve officially closed on the historic home and our renovation plans have been approved by the historical society. Our first job is to smash up the concrete pool deck, fill the pool in, clear and level the overgrown yard, and tear off the illegal addition built on the rear of the house.
I was a bit surprised to find that the interior of the house is no where near as bad as the exterior. Don’t get me wrong….. it definitely needs lots of work, and it smells terrible, but overall it isn’t as bad as we first thought.
We are doing a full renovation on over 3,000 sq. ft., so this job is going to take several months to complete. The budget is around $75k-$80k, but hopefully our contractor can find a way to save a few bucks here and there.
Heres a bunch of before pictures for you to look at:
The REO broker told us that they took 8 dumpsters worth of trash out of this house just from the inside, and then they hired a professional cleaning crew to come in and scrub everything down…. and it still looks real nasty, and smells even worse. If you add up the cash-for-keys the bank had to give to the owners to get them out ($2,000), the cost of the trash out and the cost of the cleaning crew, the bank probably spent more getting the house ready for sale than what we paid for it!!!! Not to mention the $176,000 they lost on the mortgage they gave in 2006. Hmmmm I wonder why all these banks are going out of business??
I’ll post some more updates of this project as things progress, as well as a few videos that we’ve put together.
If you’ve been following my blog for a little while you may have remembered the property at 70 Glenwood St. This is the property with some major fire damage where we completely knocked out the floor of the first level. If you missed that video you have to see it … click HERE to watch it!!
Well we hit some delays getting our heat on there because the gas company told us they cut the line at the street and they wouldn’t be able to fix it until spring time. Long story short, they finally sent someone to the house and realized the line wasn’t cut at the street and we did have gas to the house, however we lost a good amount of time because we couldn’t get heat to the house, which also meant no water.
So I have a video we put together awhile back, as well as some more recent photos of the property near completion. Heres the video:
And here are some pictures of the house nearly complete. This is the first property we started using those nice archways, we borrowed the idea from Tom Tarrant over at www.TomTarrant.com .
Check it out:
This house was a small two family home that we converted to a single family. It is now 4-5 bedrooms with 2 1/2 baths and maybe 1600-1700 square feet.
Next step is to stage it and get it SOLD!!
Filed under: 70 Glenwood St Springfield MA | Tagged: 70 Glenwood St Springfield MA, Buy home springfield ma, Buy House Springfield MA, fire damage, Fire Damaged House, Flip this house, Flipping Houses, Glenwood St, Gut Rehab, Hampden Homebuyers, Home for sale springfield ma, Real Estate Investing | 7 Comments »
Our sweet little cape on Gifford St is nearing completion. All the finish electrical work is done and the plumbers should be completing their finish work over the next week. We installed some new hard wood floors and added a nice deck to the back of the house.
We put a FSBO sign out on all our properties as we are nearing completion and Dom has been receiving quite a few calls from interested buyers. I also noticed quite a few google searches for 209 Gifford St finding their way to this blog. The property is in an awesome neighborhood and its a good sign that we are getting alot of interest already.
Heres a couple pics of some of the work;
This house has come a long way since we first purchased it.
Well thats all I’ve got for tonight. I’ll work on getting some updates done on a few of our other houses.
Filed under: 209 Gifford St Springfield MA | Tagged: 209 Gifford St Springfield MA, Dormer Construction, Flip that House, Flip this house, Gut Rehab, Hampden Homebuyers, Real Estate Investing, we buy houses springfield | Leave a comment »
OK, so I’ve been kind of slow with the property updates lately. We’ve got a ton of houses finishing up and quite a few more in the pipeline to purchase, with all this activity my blogging efforts have suffered. As a matter of fact I’ve got houses that we’ve purchased and are now renovating that I haven’t even mentioned yet…. plus, I don’t know how many videos just sitting in my Flip Camera, waiting to be edited into some kick ass Youtube videos. I think maybe it’s time to hire some VA’s from India to run the Blog
First up on the docket is 42 Wexford St. This beauty is done and we are staging it right now. The renovation of this property included a new roof, new gutters, two new decks, two new garage doors with openers, new driveway, brand new kitchen, renovating the full bath and adding a half bath, new electrical service and some new wiring, new plumbing, new boiler, new stainless steel appliances, new flooring throughout and fresh paint….. is that all????
This puppy shines and whoever buys it is going to be very lucky. Heres a look:
I’ve said it before and I’ll say it again…. I love the look of the Tudor style house!!! I think it’s those pointy roofs over the front entrance.
We’ll probably do some landscaping to the front of the property, clean it, stage it, then sell it.
On to the next one……
Filed under: 42 Wexford St Springfield MA | Tagged: 42 Wexford St Springfield MA, Buy House Springfield MA, Flip this house, Flipping Houses, House for sale Springfield MA, Real Estate Investing | 3 Comments »