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	<title>Part Time REI &#187; The Retribution House</title>
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	<link>http://part-timerei.com</link>
	<description>Real Estate Investing while Working Full-Time</description>
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	<itunes:summary>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&#039;s time and expertise to help you accomplish your goals. Finally, we provide systems so that you can repeat the process again and again.</itunes:summary>
	<itunes:author>Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers</itunes:author>
	<itunes:explicit>no</itunes:explicit>
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		<itunes:name>Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers</itunes:name>
		<itunes:email>support@part-timerei.com</itunes:email>
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	<managingEditor>support@part-timerei.com (Erik Hitzelberger and Bryan Snider: Part-Time Real Estate Investors, rehabbers)</managingEditor>
	<itunes:subtitle>Part-Time REI podcast with host Bryan Snider and Erik Hitzelberger talk about investing in real estate and flipping houses in your spare time.</itunes:subtitle>
	<itunes:keywords>flipping houses, investing in real estate, part-time, second income, retire early, flipping homes, flipper, REI, rehabbing</itunes:keywords>
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		<title>Part Time REI &#187; The Retribution House</title>
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		<title>Flipping Houses: The Retribution House Finale</title>
		<link>http://part-timerei.com/blog/2013/09/16/flipping-houses-the-retribution-house-finale/</link>
		<comments>http://part-timerei.com/blog/2013/09/16/flipping-houses-the-retribution-house-finale/#comments</comments>
		<pubDate>Mon, 16 Sep 2013 16:30:41 +0000</pubDate>
		<dc:creator><![CDATA[Erik Hitzelberger]]></dc:creator>
				<category><![CDATA[Flipping House Series]]></category>
		<category><![CDATA[Flipping houses]]></category>
		<category><![CDATA[After Repair Value (ARV)]]></category>
		<category><![CDATA[before and after pictures]]></category>
		<category><![CDATA[flipping houses]]></category>
		<category><![CDATA[investing in real estate]]></category>
		<category><![CDATA[The Retribution House]]></category>

		<guid isPermaLink="false">http://part-timerei.com/?p=1038</guid>
		<description><![CDATA[&#160;  As you may remember The Retribution House had a lot of cosmetic damage. Click here to see the before shots again. This was actually a plus for this house and for potential flips as cosmetic damage will deter many retail buyers, but can be a great opportunity for flipper.  Our team was able to [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>&nbsp;</p>
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<div>
<div id="attachment_1039" style="width: 310px" class="wp-caption aligncenter"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0600.jpg"><img class="size-medium wp-image-1039" alt="retribution house" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0600-300x225.jpg" width="300" height="225" /></a><p class="wp-caption-text">Front of House</p></div>
</div>
<div> As you may remember The Retribution House had a lot of cosmetic damage. <a title="Flipping Houses: The Retribution House–Part 1" href="http://part-timerei.com/blog/2013/08/26/flipping-houses-the-retribution-house-part-1/">Click here to see the before shots again.</a> This was actually a plus for this house and for potential flips as cosmetic damage will deter many retail buyers, but can be a great opportunity for flipper.  Our team was able to restore the home to its former appearance without any major renovation work which means no out of budget expenses. It is amazing sometimes what some new dry wall, carpet and paining can do for a house.</div>
<div></div>
<div>Let&#8217;s take a look at how The Retribution House turned out.</div>
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<div>
<div id="attachment_1042" style="width: 310px" class="wp-caption alignleft"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0723.jpg"><img class="size-medium wp-image-1042" alt="Kitchen After" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0723-300x225.jpg" width="300" height="225" /></a><p class="wp-caption-text">Kitchen After</p></div>
<p><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0722.jpg"><img class="aligncenter size-medium wp-image-1041" alt="IMG_0722" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0722-300x225.jpg" width="300" height="225" /></a></p>
<div id="attachment_1040" style="width: 310px" class="wp-caption alignnone"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0721.jpg"><img class="size-medium wp-image-1040" alt="Retribution House" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0721-300x225.jpg" width="300" height="225" /></a><p class="wp-caption-text">Dining Room After</p></div>
<div id="attachment_1043" style="width: 310px" class="wp-caption alignleft"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0725.jpg"><img class="size-medium wp-image-1043" alt="retribution House" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0725-300x225.jpg" width="300" height="225" /></a><p class="wp-caption-text">Living Room After</p></div>
<div id="attachment_1044" style="width: 235px" class="wp-caption alignleft"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0726.jpg"><img class="size-medium wp-image-1044" alt="retribution house" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0726-225x300.jpg" width="225" height="300" /></a><p class="wp-caption-text">Bathroom After</p></div>
<p><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0727.jpg"><img class="alignleft size-medium wp-image-1045" alt="IMG_0727" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0727-300x225.jpg" width="300" height="225" /></a></p>
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<div id="attachment_1046" style="width: 235px" class="wp-caption alignleft"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0728.jpg"><img class="size-medium wp-image-1046" alt="Another Bathroom After" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0728-225x300.jpg" width="225" height="300" /></a><p class="wp-caption-text">Another Bathroom After</p></div>
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<div id="attachment_1047" style="width: 235px" class="wp-caption alignleft"><a href="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0729.jpg"><img class="size-medium wp-image-1047" alt="retribution House" src="http://part-timerei.com/wp-content/uploads/2013/09/IMG_0729-225x300.jpg" width="225" height="300" /></a><p class="wp-caption-text">Stairway After</p></div>
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<p>To learn more about Part-Time REI visit us at <a title="Part-Time REI" href="http://part-timerei.com/" target="_blank">http://part-timerei.com/</a></p>
<p>Or visit us on FB at: <a title="Part-Time REI" href="https://www.facebook.com/PartTimeRei" target="_blank">https://www.facebook.com/PartTimeRei</a></p>
<p>Linked In <a title="Part-Time REI" href="http://www.linkedin.com/company/part-time-rei" target="_blank">http://www.linkedin.com/company/part-time-rei</a></p>
</div>
]]></content:encoded>
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		</item>
		<item>
		<title>Flipping Houses: The Retribution House&#8211;Part 1</title>
		<link>http://part-timerei.com/blog/2013/08/26/flipping-houses-the-retribution-house-part-1/</link>
		<comments>http://part-timerei.com/blog/2013/08/26/flipping-houses-the-retribution-house-part-1/#comments</comments>
		<pubDate>Mon, 26 Aug 2013 16:15:06 +0000</pubDate>
		<dc:creator><![CDATA[Erik Hitzelberger]]></dc:creator>
				<category><![CDATA[Flipping House Series]]></category>
		<category><![CDATA[flipping houses]]></category>
		<category><![CDATA[investing in real estate]]></category>
		<category><![CDATA[lunch time profits]]></category>
		<category><![CDATA[not to over-improve]]></category>
		<category><![CDATA[rehabbing properties]]></category>
		<category><![CDATA[The Retribution House]]></category>

		<guid isPermaLink="false">http://part-timerei.com/?p=752</guid>
		<description><![CDATA[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 [&#8230;]]]></description>
				<content:encoded><![CDATA[<div id="attachment_753" style="width: 310px" class="wp-caption aligncenter"><a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0600.jpg"><img class="size-medium wp-image-753" alt="flippping house series" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0600-300x225.jpg" width="300" height="225" /></a><p class="wp-caption-text">The Retribution House</p></div>
<p><b>Hell hath no fury like a woman <s>scorned</s> deceived.</b></p>
<p>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 the tennant&#8217;s money to the bank.</p>
<p>Apparently, learning about the foreclosure shortly before she was kicked out of the house was a little irritating to the woman.  Her frustration led her to seek retaliation against the owner by doing damage to the home.  Only the bank really lost, but she was incredibly thorough and efficient.</p>
<p><b>Efficient Destruction</b></p>
<p>It’s actually amazing what you can do for a few dollars these days.  Throw some tennis balls in all the gutters, break the  float valves in all the toilets, pour cherry Kool-Aid on all the carpets, spray paint the ceilings with black spray paint, rip the closet shelves out, remove and discard all of the handles from the bathroom faucets and you have created several thousand dollars in repairs. All this  for less than $20 and 2 hours of your time.</p>
<p><a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_04761.jpg"><img class="size-medium wp-image-771 alignleft" alt="IMG_0476" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_04761-300x225.jpg" width="300" height="225" /></a> <a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0464.jpg"><img class="size-medium wp-image-770 alignleft" alt="IMG_0464" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0464-225x300.jpg" width="225" height="300" /></a> <a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0461.jpg"><img class="aligncenter size-medium wp-image-768" alt="IMG_0461" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0461-300x225.jpg" width="300" height="225" /></a></p>
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<p>And if you REALLY wanted to cause  additional damage (and she did), you could scrap the furnace and AC, take a sledge hammer to the kitchen cabinets, remove the light fixtures and knock holes in every door. See the pictures below for yourself.</p>
<p><a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0489.jpg"><img class="alignleft size-medium wp-image-773" alt="IMG_0489" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0489-300x225.jpg" width="300" height="225" /></a><a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0452.jpg"><img class="alignleft size-medium wp-image-754" alt="IMG_0452" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_0452-300x225.jpg" width="300" height="225" /></a></p>
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<p><a href="http://part-timerei.com/wp-content/uploads/2013/08/IMG_04862.jpg"><img class="alignleft size-medium wp-image-779" alt="IMG_0486" src="http://part-timerei.com/wp-content/uploads/2013/08/IMG_04862-300x225.jpg" width="300" height="225" /></a></p>
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<p><b>Our Job</b></p>
<div>Fortunately, most of the damage seems to be primarily cosmetic. Our team will be able to restore the home to its former appearance without any major renovation work. Be sure to check back in the next few weeks to see how &#8220;The Retribution House&#8221; comes along.</div>
<div></div>
<div>
<p>To learn more about Part-Time REI visit us at <a title="Part-Time REI" href="http://part-timerei.com/" target="_blank">http://part-timerei.com/</a></p>
<p>Or visit us on FB at: <a title="Part-Time REI" href="https://www.facebook.com/PartTimeRei" target="_blank">https://www.facebook.com/PartTimeRei</a></p>
<p>Linked In <a title="Part-Time REI" href="http://www.linkedin.com/company/part-time-rei" target="_blank">http://www.linkedin.com/company/part-time-rei</a></p>
</div>
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