Monday, December 21, 2009
Here's our First Podcast!
We're a little rusty in the technical department, but here's our first podcast. Enjoy!
Here's our First Podcast!
We're a little rusty in the technical department, but here's our first podcast. Enjoy!
Here's our First Podcast!
We're a little rusty in the technical department, but here's our first podcast. Enjoy!
Wednesday, December 16, 2009
Our First Flip is Over - and Profitable
I am proud to say that Chapter 1 of our real estate flip is now completed. After the emotional ups and downs, the pride and the challenges, we can finally say our little house at 5679 Challen is now in the hands of a California family that never before thought they could ever afford a home in California.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
Our First Flip is Over - and Profitable
I am proud to say that Chapter 1 of our real estate flip is now completed. After the emotional ups and downs, the pride and the challenges, we can finally say our little house at 5679 Challen is now in the hands of a California family that never before thought they could ever afford a home in California.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
Our First Flip is Over - and Profitable
I am proud to say that Chapter 1 of our real estate flip is now completed. After the emotional ups and downs, the pride and the challenges, we can finally say our little house at 5679 Challen is now in the hands of a California family that never before thought they could ever afford a home in California.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
We sold the property to a nice couple with 2 kids. They will enjoy that pool, the huge picture window we installed so they can watch the kids play while working in the new kitchen with granite countertops, or just relaxing in their living room. The fruit trees will be a delight to that family as the peach tree ripens in the spring, the fig tree in the summer and the grapefruit in the winter. It makes us feel good that we were able to make this possible, but we feel even better that we walked away with a nice profit.
As we bring this event to closure, we are even more excited to do more. We’re making offers and will keep you posted.
Friday, December 11, 2009
They're killin' me...We closed, it's funded, but where's our money?
OK, the property closed and was supposedly "funded" yesterday. So I woke up early today, excited to see a big balance in our bank account. As I logged in with anticipation, I saw the same low balance that was there yesterday. UGH!.
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
They're killin' me...We closed, it's funded, but where's our money?
OK, the property closed and was supposedly "funded" yesterday. So I woke up early today, excited to see a big balance in our bank account. As I logged in with anticipation, I saw the same low balance that was there yesterday. UGH!.
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
They're killin' me...We closed, it's funded, but where's our money?
OK, the property closed and was supposedly "funded" yesterday. So I woke up early today, excited to see a big balance in our bank account. As I logged in with anticipation, I saw the same low balance that was there yesterday. UGH!.
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
So, I don't get it. The buyers are moving in this weekend, and as it turns out, wires won't go out until "probably Monday".
How can we celebrate with no money?
Friday, December 4, 2009
Sometimes Closings Take the Longest Time
We knew when we negotiated with the bank to raise the extremely low appraisal estimate that we would risk delaying the closing, but I didn't realize how much! Now, we got a $14k advantage by doing the negotiations, so, the extra time it's taking is worth the wait, but not having any cash is a problem too.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
Sometimes Closings Take the Longest Time
We knew when we negotiated with the bank to raise the extremely low appraisal estimate that we would risk delaying the closing, but I didn't realize how much! Now, we got a $14k advantage by doing the negotiations, so, the extra time it's taking is worth the wait, but not having any cash is a problem too.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
Sometimes Closings Take the Longest Time
We knew when we negotiated with the bank to raise the extremely low appraisal estimate that we would risk delaying the closing, but I didn't realize how much! Now, we got a $14k advantage by doing the negotiations, so, the extra time it's taking is worth the wait, but not having any cash is a problem too.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
But that's not the only reason we are experience delays. When the appraiser went out to the property, the heater wasn't working. If you remember, this appraiser came in from Long Beach - like an hour's drive away. This was a brand new heater so it was frustrating to have to get our contractor to check it out. And then there was Thanksgiving. Our contractor couldn't get out there until after Thanksgiving. UGH!
OK, so now we have the heater fixed, and the appraiser, the one from Long Beach, has to verify that the heater actually works. No, we can't get someone closer or have a witness and notory claim the heater works, only this one appraiser. And of course she's booked for days. After she verifies and communicates to the bank that the heater now works, then we will get a closing date. Let's hope it's before the holidays.
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