Part Time REI » the pool house http://part-timerei.com Real Estate Investing while Working Full-Time Fri, 03 Oct 2014 17:44:45 +0000 en-US hourly 1 https://wordpress.org/?v=4.0.38 Part-Time REI is a real estate investment education company. Our Lunch-Time Profits System is designed to teach you how to fix and flip homes in your spare time. We specialize in helping investors learn how to control their own financial future. Most importantly, we show you how to leverage other people's time and expertise to help you accomplish your goals. Finally, we provide systems so that you can repeat the process again and again. Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers no Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers support@part-timerei.com support@part-timerei.com (Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers) Part-Time REI podcast with host Bryan Snider and Erik Hitzelberger talk about investing in real estate and flipping houses in your spare time. flipping houses, investing in real estate, part-time, second income, retire early, flipping homes, flipper, REI, rehabbing Part Time REI » the pool house http://part-timerei.com/wp-content/uploads/powerpress/Logo.jpg http://part-timerei.com Weekly Flipping House Series: The Pool House Finale http://part-timerei.com/blog/2013/12/02/flipping-house-series-the-pool-house-finale/ http://part-timerei.com/blog/2013/12/02/flipping-house-series-the-pool-house-finale/#comments Mon, 02 Dec 2013 17:22:24 +0000 http://part-timerei.com/?p=1766 front of house after

The Pool House

We have completed the Pool House and the nightmare of the unkempt pool is over. Again it is not often that rehabbers can say two words and all their fellow real estate investors know exactly what they are talking about. All we have to mention is “the pool” and everyone remembers the nightmare that Part-Time REI had to deal with on this flip.  the end result has been (almost) worth all the trouble. We are delighted at how The Pool House has turned out. Check out the after shots below and see how a flip can be transformed.

If you would like to be reminded of how the house looked before the renovations be sure to click here for before shots.

Kitchen

Kitchen 0711aKitchen 0711b

 

 

 

 

Basement

Basement Wet Bar basement bath Bsmt Bar 0711 BSMT 0624

 

 

Dining Room and Living Room

 

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Bedrooms and Bathrooms

 

DSC_0542 MBR 0711

 

 

 

Backyard

Rear Patio 0703 (4) Rear Patio 0703 (3)

 

 

 

Mudrom

Mud Room 0703

 

 

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]]> http://part-timerei.com/blog/2013/12/02/flipping-house-series-the-pool-house-finale/feed/ 0 Inspecting Inspections for Houses http://part-timerei.com/blog/2013/11/01/inspecting-inspections-for-houses/ http://part-timerei.com/blog/2013/11/01/inspecting-inspections-for-houses/#comments Fri, 01 Nov 2013 16:15:46 +0000 http://part-timerei.com/?p=1477 home inspectionsAh, 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 which ones you need to have. Depending on where you are in the county will determine regional mandatory inspections. However, there are a few that seem to be prevalent wherever you are flipping houses. Let’s take a look at the most commons inspections for houses that are a must when investing in real estate.

 

 

Most Common Inspections

Termite–Most areas around the country will require a termite inspection. Termite control can become a costly expense  for your home owners if problems go untreated for years. This occurs because symptoms generally appear invisible to the untrained eye.  A termite inspection pays for itself with expense-saving prevention. http://homeguides.sfgate.com/home-inspection-termite-damage-2546.html

Septic–Not all homes will have a septic system; some will be connected to city sewers. Find out if there is a septic and have it inspected. Believe us, septic issues is not the type of crap you want to deal with when the buyers are ready to close the deal. Pun intended.

whole home inspectionWhole Home –This is the big one. Major points include: The Structure, The Exterior, Roofing Inspection, Plumbing Inspection, Electrical System Inspection, Heating and Air Conditioning Systems, Home Interior, Ventilation, Appliances, Fireplaces. This can be a lot of information. What can you do with this data? Check back soon for the answers.

Structural — This one checks the foundation and supporting elements of a home like  floors, walls, columns and piers.  The important thing to keep in mind with this one is that if a buyer is not satisfied with the results he/she may terminate the purchase agreement  in writing and provide a copy of the structural inspection report.  Or the buyer submits a list of the problems discovered in the inspection and requests that the necessary corrections and repairs are taken care of  before the deal is closed, or adjust the price accordingly.

Radon--With The Surgeon General warning that radon is the second leading cause of lung cancer in the United States more and more home buyers are having this inspection done. Find out more at http://www.epa.gov/radon/realestate.html

pool inspectionPool–If you have been keeping up on our Flipping Houses Series then you know about The Pool House. Pools when not properly maintained can be a true nightmare. Be sure if your potential flip has a pool to have it inspected.

All of these inspections for houses you are trying to flip are a great way to leverage the expertise of others. The point of inspections are to make your house safe and worry-free for your potential home owner. Having others do routine inspections for you will save you time in the long run. If inspections are done right in a timely manner, you will be able to forgo any potential problems at the closing table.

Be sure to check back later in our Inspection Series for a more in depth look at each of these inspections.

 

 

To learn more about Part-Time REI visit us at http://part-timerei.com/

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]]> http://part-timerei.com/blog/2013/11/01/inspecting-inspections-for-houses/feed/ 0 Flipping House Series: The Pool House Part 2 http://part-timerei.com/blog/2013/10/14/flippinghouseseriesthepoolhousepart2/ http://part-timerei.com/blog/2013/10/14/flippinghouseseriesthepoolhousepart2/#comments Mon, 14 Oct 2013 16:23:29 +0000 http://part-timerei.com/?p=1306 Let’s take a look at how The Pool House is coming along. If you remember, we had a lot of pink in this house that we are combating, an unfinshed wet bar project in the basement, and a very, very unkept pool. Here are some in progress shots of those issues along with some shots of the remodeling of the kitchen.

 

Getting Rid of the Pink

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Wetbar in Basement and Finishing of Basement

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The Kitchen

kitchen remodelingkitchen before Kitchen 0510 Kitchen 0514 Kitchen 0603 Kitchen 0603a

 

 

 

 

 

 

 

 

The Pool

The pool has turned into a nightmare for us. We have put so many chemicals in it we are pretty sure you can see it glowing from space. Here you can see it is still pretty yucky and we are continuing to clean it.

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Tune in the next few weeks to see if we FINALLY dominate the pool at The Pool House and how the rest of the house turns out.

 

To learn more about Part-Time REI visit us at http://part-timerei.com/

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]]> http://part-timerei.com/blog/2013/10/14/flippinghouseseriesthepoolhousepart2/feed/ 0 Flipping House Series-The Pool House Part One http://part-timerei.com/blog/2013/09/30/flipping-house-series/ http://part-timerei.com/blog/2013/09/30/flipping-house-series/#comments Mon, 30 Sep 2013 16:21:03 +0000 http://part-timerei.com/?p=1172  

Before and after

The Pool House

Next in our Before and After Flipping House Series is “The Pool House.”  It is not often that rehabbers can say two words and all their fellow real estate investors know exactly what they are talking about. All we have to mention is “the pool” and everyone remembers the nightmare that Part-Time REI had to deal with on this flip.  The house was a great buy in a great neighborhood.  It had this wonderful in ground pool in a spacious back yard.  Problem was this house was a foreclosure and the house vacant for at least a year.  There was no way to tell how long this pool was out of commission. Let’s take a look at “The Pool House” and its other issues besides the pool.

They Loved Pink

Here are some shots of the….um interesting color choices around the house that we will obviously have to paint over.

the pool housepool house

pool house DSC_0166

Unfinished Wet Bar in Basement

The basement was in mid construction of some sort of wet bar. This is a great opportunity to make use of this space.

DSC_0183before shots wet bar basement

 

 

 

 

 

 

 

 

 

 

The Pool

And last but not least the dreadful pool. Here are a few shots to give you an idea of what our team was dealing with.

DSC_0256 DSC_0224 DSC_0223 pool house

 

 

 

 

 

 

 

 

Be sure to check back for in progress shots. You won’t want to miss what our team has to do to flip “The Pool House.”

 

To learn more about Part-Time REI visit us at http://part-timerei.com/

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