Live & Flip

Scope of Work

Sorry about the delay in posting.  I thought I would share the scope of work as I give it to my contractors.  I always ask for an itemized bid.  For the contractors I hired, they are paid on a weekly basis.  I pay for work completed each Friday. Here is the scope of work. Post Scope of Work Big picture items -replace kitchen -gut and replace master bath, half bath and full bath -replace windows -create mudroom from main floor bedroom and move washer and dryer there. -remove carpet and r...

The Big Haul

Trash haul that is. Jen, her mother, and I spent most of Saturday cleaning out trash left from the house. 25-30 trash bags so far and we haven’t even started on the basement. 4 sofas, 2 desks, a baby crib, a bed frame and other assorted junk left behind. I probably made 50+ trips up and down the stairs. Pfff, who needs a stair master, I’m a rehabber. The property already looks better. It’s amazing what a bit of elbow grease can do. My very wise Realtor also put an addendum in the contr...

New House Photos

Wordpress was kicking my tail the other day. Here are the new house photos. Ok...so wordpress is still kicking my tail.

Finally Closed

We closed on Wednesday on our new home. Step 2 of our plan to free and clear in a home in a few years. The house was a short sale home only 5 blocks south of where were currently at. The difference in neighborhood is night and day. So here are the numbers. Purchase of 176k. First lien payoff was 170k and 2nd lien was 6k. The sellers agent got them down from above $8500. The sellers paid half and we paid half. The house is 3900 sq ft 5/2.5. Its a monster. Its far more home than we nee...

Refocus

I had a great mastermind call with my coach last week. He could tell I had the wind knocked out of my sails a bit. I was so ready to do my first solo flip, that I almost took down a bad deal. Still, my nature absolutely hates losing. The good news is I would have lost far more had I done the deal. For you baseball fans out there, think of it as a pop fly to advance the runner. Yes I took an out, but it wasn't a double play. I am still at bat and this inning aint over. Moving forward I...