Part Time REI

Hell hath no fury like a woman scorned deceived. The former occupant of this home was a tenant who was trying to buy the house under some form of owner-financing.  Unfortunately, the owner had some major financial and ethical deficiencies.  Despite accepting the tenant’s down payment and several months of rent, he neglected to forward any of […]

Ahhhh..mold. That smelly, icky stuff that most home buyers think is a deal breaker. In the flipping world what might deter some potential home buyers might just be your ticket to a great deal.  Now that smells like….money! But not long ago news reports of mold-related illnesses and lawsuits against home builders scared the public […]

  Steve Martin might be a “wild and crazy” guy but seems the comic has a fair amount of savvy when it comes to investing in real estate. MSN recently reports that the funny guy has listed his villa in St. Barts for $11.4 million. According to CNBC Martin paid about $9 million for the […]

Let’s take a look at how That 70’s House is coming along. I am sure you remember why we named this house aptly so. So yes we are removing everything that is not from this decade. Check out the pictures below of the kitchen and dining rooms.                 […]

After we posted our lists of “Houses Not to Buy”, we had several of our readers send in their own ideas of houses not to buy when flipping. We thought we would put together another list that experienced flippers also warned to stay away from. What better way to save time and money than to […]

In 1993, Zima was thrust upon the country as “Zomething Different.”  Coors introduced the beverage to fill the previously unknown void between beer and wine coolers.  Turns out that drinkers of beer and wine coolers actually preferred their respective products and have no desire to mix the two.   Zima was mercifully discontinued in 2008.  Other than the public shame of those who ordered […]

Let’s take a look at the progress on The Waterfall House. If you remember this house had basically 3 big problems in addition to your basic rehabbing; painting, new carpet, etc. The first problem we tackled was the plumbing bursting.  We are repairing the broken plumbing, removing all the damage, and replacing everything.    2. Since […]

    What keeps you up at night? Is it the second mortgage on your home? How you will pay for your kids’ college? Do you think, if only I had a supplemental income, then I could worry less. These are exactly the questions that led us to start blogging about investing in real estate […]

The nick name for our next house might get you thinking you are about to hear a horror story. With all the terrors you hear from veteran house flippers about mold infested foreclosures, sinking foundations, and roofs caving in…  But every now and then we get lucky. Here we found a little diamond in the […]

From HGTV to CNN, network line-ups and newscasts are filled with stories of real estate investors and their success stories.  If you’ve ever watched the shows, “Flip This House” or “Flip That House” then you know what we are talking about. Flipping houses involves buying a property, renovating it and then reselling the home.  When […]