Part Time REI

Ah, yes inspections. The necessary evil of the real estate world. The one thing that can take a “for sure” deal from imminent to inconclusive at the stroke of an inspector’s pen. We know sometimes they are a pain to deal with and if you are just getting started, it may be hard to understand […]

  Here’s an overview of what we are doing with The Money “Drain” House. This house is a 3 bedroom, 2 bath Bi-level with a 4th bonus room on the lower level and an attached 1-car garage.  The house is located on a corner lot in a good established neighborhood.  The target buyer is a […]

  As experienced home flippers we have more than once come across that seller or wholesaler advertising their property as “No rehab needed” or “Move-in ready condition!” Sounds like a great deal doesn’t it? While we are sure there are legit houses out there that really could be purchased and resold with very little effort on […]

Nail pops, shingles, drip strips, tear off vs. overlap…it can get confusing. With the roof being one of the first things anybody sees on a house, it is paramount to know what to do with a roof when flipping houses. You will need to compare quotes from contractors that have inspected it but here are […]

As real estate investors, we have all had a laugh or two about a contractor being on time. Deadlines are missed, deliveries late. How can you keep your project and contractors in line? One very important aspect of a successful flip is the creation of a Statement Of Work (SOW). Every project must have one, and […]

Let’s take a look at our next house in our Flipping House Series. We acquired this little jewel at an estate sale, hence its name. It had not been taken care of for a while so the outside definitely will need some extra attention. Here are several before shots so you can get an idea […]

They say the kitchen is the heart of the home so no wonder it is arguably the most important upgrade when flipping a house. A kitchen that “wows” your potential buyer will help you close the deal no doubt. But be careful, it is also the most easily over-done upgrade many real estate investors make. […]

It happens to the best of us. Mistakes are made, time and money are lost. A bad flip. But don’t feel too bad; even pop star Ricky Martin had a failed flip in 2010. Guess he wasn’t Livin’ La Vida Loca that year. But how can you as a part time real estate investor stay […]

One of the first things people notice when they walk in a house is the flooring. There are so many options out there it is hard to know where to start when flipping a house. We here at Part-Time REI have had our share of surprises when it comes to flooring. Sometimes it is an […]

Perhaps one of the most important aspects of flipping houses can also be the easiest to mess up– your numbers. Now we know the “Flip This” and “Flip That” TV shows makes it look like the investors score a deal on EVERY property they flip but we thought a dose of reality might come in handy. […]