70 Glenwood; Where Have You Gone

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:

Living Room with Bamboo Flooring

Front Door Looking from Living Room

Kitchen Looking from Dining Room

Archway Between Dining Room and Kitchen

Kitchen

Full Bath

Master Bedroom

Finished Attic Space

New Main Support Beam

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!!

Time for some Deal Updates- 42 Wexford St

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:

42 Wexford St, Springfield MA

Living Room

Fireplace

Open Staircase

Kitchen

Kitchen

Kitchen Looking in from Dining Room

Dining Room

Full Bath

Master Bedroom

Finished Attic Space

 

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……

Property Update: 143 Lloyd Ave, Finished and Staged

The finished houses are going to be coming fast and furious over the next few weeks. My plan of buying a bunch of properties in Oct.-Dec. to have ready for the Spring market and the expiration of the First Time Buyer tax credit is playing out perfectly.

I showed you our finished house on Ravenwood St a few days back. Now have a look at our property located at 143 Lloyd Ave in Springfield. We did a pretty extensive rehab on this property including new siding, a new roof, new windows, new kitchen, new bathroom, new boiler, all new plumbing, new flooring and fresh paint. We also took a 3 season enclosed breezeway located between the garage and kitchen and turned it into living space. This additional living area is a great feature as it adds space for a formal dining room or family room.

Here it is:

143 Lloyd Ave

New Entrance from converted Breezeway into Kitchen

Kitchen - Stainless Applainces, Tile Backsplash

Kitchen- 18x18 Floor Tiles, All Wood Cabinets

 

Eat In Kitchen/ Dining Area

Living Room - Large Bay Window

Bathroom - Totally Updated

Bathroom - Tile Floors, Tile Tub Surround

New Shower Panel w/ 8 Body Jets

Converted Breezeway, now added Living Space

Bedroom

Wow, so thats it…. came out pretty darn nice!!!  You can see what it looked like before here: Lloyd Ave Before Pics.

We were suppose to be closing on the big ugly pink and purple house this week but there are a few title issues that need to be cleared up, so looks like we will be waiting a little longer on that one. Heres a picture of that house in case you don’t remember it:

Well, thats all I got for tonight. I looked at eight properties today; four that I want to buy, and four that we already own… and now I’m ready for bed.

Adios Amigos

Deal Updates and Top Blogs

Wow, our little blog is getting some good recognition. Scott Costello over at the StrugglingInvestor.com put a list together of the Top Blogs: 8 Investors who are Crushing It and Sharing, and we made the cut.  Many of you are probably familiar with the other sites Scott features, all of which I like to visit regularly. Thanks Scott…. keep on coming by and checking out our work.  

On the deal front we finally sold 37 Mansfield St. This was suppose to close before Christmas but we hit a few delays and got it all closed up yesterday. Mansfield St was our biggest project yet. Doing a full gut rehab on a 3,700 square foot three family isn’t for the faint of heart…. but we got it done and sold. From purchase date to sale took about 7 months, which is a month over what we typically shoot for but with the size of the project that time frame is very good. After completing a job of that size I think we feel pretty confident that we can tackle most any project!!!  

42 Wexford Update

Well we’ve got about 6-7 houses that are all winding down and nearing completion…. which is pretty cool but also kinda sucks because I’m gonna have to stage all those. I’ve got about enough staging paraphernalia for maybe 3 houses… so this means we are going to have to do some shopping. 42 Wexford St is one of those houses that is getting close to being complete. All the new sheetrock is up, everythings been painted and the hardwoods are being refinished. Heres a look at the house so far:  

42 Wexford St

Living Room looking at Staricase

Dining Room looking into Kitchen with new Archway

Kitchen looking into Dining Room with new Archway

Kitchen

Full Bath

Master Bedroom

Finished Attic

One more look at the Archway

Sometimes when a house gets to this point you are wondering if it’s gonna look good when completed….  everything is still dirty and alot of stuff is half finished and maybe you start second guessing some of your choices…. but that is not the case with this house, I can tell right now that it is gonna come out amazing and I can’t wait to see it when it’s done.

Plumtree Rd – Finished and Staged

All the work is complete at Plumtree Rd and it is now cleaned and staged. Here are the finished pictures.

102_6017

102_6020

Kitchen 1

Kitchen 1

Kitchen 2

Kitchen 2

Dining Room

Dining Room

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Fireplace

 

Living Room/Stairwell

Living Room/Stairway

 

First Floor Bath

First Floor Bath

First Floor Tub

First Floor Tub

Second Floor Bath

Second Floor Bath

Second Floor Bedroom

Second Floor Bedroom

Living Room

Living Room

Starting the Week off Right

This week started off just like last week….. with a closing on Monday and another on Tuesday.  We sold the Ware House on Monday and sold 39 Brooks St  on Tuesday.

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The Ware House – If you remember this beauty I was up in the air about rehabbing it or just wholesaling it. We closed on it, but because it’s located about 45 minutes outside our normal territory, we couldn’t get any of our contractors to travel out and do the work…. so I ended up putting it on the MLS and got a cash buyer who is going to fix it up and live in it. We only paid $15,000 for this gem so it was pretty easy to flip it out for a quick profit.

 

We are still waiting on the clear to close for Hartford Terrace, we should sell that at the end of this week. We also have two more purchases lined up for next week. These last few weeks have been really crazy as we have worked through all these closings….. by the end of next week we will have closed on seven properties in total, selling four of our properties and buying three new ones! I guess when it rains it pours!!!!!

Bessemer is sold… and a few firsts for Hampden Homebuyers

Monday was a day of firsts for our business…. We closed on our first ever deal bought from a wholesaler, the English Tudor on Wexford St I wrote about in my last post. We put this house under contract last week on Tuesday and closed yesterday (the following Monday).  Also it looks like we are going to be purchasing our first ever property off the MLS…. a bank REO that we have been offering on for the last three weeks, and finally got our offer accepted on Monday. While we have bought alot of properties over the last couple years, they have all been through dealing directly with the sellers. We’ve made quite a few offers on REO’s, and been pretty close on getting a couple accepted, but this one looks to be our first.  I’ll post some pictures and a writeup about the home over the next few days.

On another note, we had our second closing of the week today…. we sold the house on Bessemer St. This deal took about 5 months from our purchase to the sale to our new buyer. It is definitely our best project to date. The renovations went very smooth and stayed within budget. The house turned out incredible and we had multiple offers the first day on the market. We ended up selling it for above our asking price and most important of all, the profit on this deal was very good!!

Things are really cranking along right now…. over the next two weeks we will be selling three of our properties (Hartford Ter, Brooks St, and the Ware House) and we will be buying two more rehabs.

Stay tuned for more updates and videos!!!