Part Time REI » flipping houses on your lunch hour

Podcast 02: Dispelling a Major REI Myth

Erik Hitzelberger — Tue, 10 Jun 2014 19:33:20 +0000

Today in our second podcast we are going to tackle another of the biggest misconceptions in real estate investing. Specifically, we want to dispel the myth that you have to have a lot of real estate and construction knowledge in order to be successful flipping houses.
Dispelling a Major REI Myth

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Avoiding Slim Pickings on Your Lunch Hour

Erik Hitzelberger — Fri, 16 May 2014 16:15:51 +0000

Our program here at Lunch Time Profits is all about leveraging your time so that you can flip houses “on your lunch break.” Today we are going to talk about a task that is a very important step in flipping houses that you can do within an hour on your lunch. Many part-time REI’s don’t know where to start or how to get started. These daily posts are to help you with just that.

Review and Research

One of the first items on your to-do list now that you are a flipper is to FIND homes that will make a good flip. Your lunch hour is a great time to do this. You can review and research new listings from your desk on on your mobile on the go. Plan out your week. Make Monday and Tuesday your days to research your farm area for those great pickings. Review listing alerts from your agent while waiting on your serve if you eat out. Set Wednesday as the day to contact your Realtor and text her to setup showings for the ones you like. If you have time maybe drive around your area to see what the possibilities look like. Then make Thursday and Friday your visitation days.

Visiting a Property

Did you find a property on Monday during your lunch hour that piqued your interest? Great! So set up the appointment to visit the property with your Realtor on Thursday. Be sure to take your Property Repair Estimate Sheet with you to weed out the weak ones. Think positive and have your Realtor bring all the necessary info to write an offer. By setting up this type of system you will be sure to get the good ones out there and avoid the slim picking for flips.

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Flaunting Faucets

Erik Hitzelberger — Fri, 24 Jan 2014 17:15:14 +0000

The hardware in a bathroom or kitchen sink can really set off the room. Different designs, styles and features allow you to dress up and draw attention to the space. Always try to update the fixtures especially the faucets. Make sure if you switch out the sink faucet you also match it to the shower or tub faucets as well.

Not all faucet types work with every sink, so it’s important to make sure the faucet you choose will fit your sink or basin especially when you are remodeling a potential flip. Also be sure to know what your faucet drillings are before you make that trip to Lowe’s on your lunch break. Here’s a look at each.

Faucet Drillings

Widespread Faucets- They have a spout with separate hot and cold water handles. Widespread faucets are available from 6-in to 16-in drillings for 3-hole predrilled installation basins.

Center-set Faucets (mini-widespread)-They’re made for 4-in predrilled with 3-hole installation basins. They combine a spout and valves on a single base unit. Center-set faucets may have a single-handle mixing lever or two handles mounted onto a 6-in plate.

Single Hole Faucets: They may have a single handle mixing lever, two handles or may be touchless or touch-activated. Some single hole faucets have an optional cover plate for predrilled 4-in-drill installations.

Wall-mounted Faucets: They’re available for above-the-counter and freestanding basins that require a long spout for extended reach. They won’t work with basins that have predrilled holes. Wall-mounted faucets require a separate wall-mounted valve and drain for installation. Make sure the spout is long enough for basin clearance and that the sink is deep enough to prevent water splashing on your floor or countertops.

Faucet Colors and Finishes

Black
Brass (antique or polished)
Bronze
Chrome (matte, brushed or polished)
Copper
Gold
Iron
Nickel (brushed and pearl)
Stainless Steel

Faucet Control Options

Some Different Faucet Styles

Like color and finish choices there are a variety of options for the simple act of turning a faucet on or off.

Lever Handles: Their design makes them easy to grip and turn. Lever handles are available in many decorative styles.

Joystick: A control similar to a lever, with a different look and a different range of motion.

Cross Handles: Models offer different finishes to coordinate with the room’s décor.

Knobs: These function like cross handles, but offer a different style.

Push-buttons: Turn the water on with a push instead of turning a handle or knob.

Touchless: Motion-activated faucets don’t require handles or knobs at all. Simply place your hands under the spout to activate.

Touch-activated: Like touchless models, these faucets don’t require you to manipulate handles or knobs. Activate them or turn them off with a simple tap. A handle controls the water temperature and acts as a manual control. Great for kitchens when your hands might be messy or full.

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