Archive for Investing

Estimating Rehab When You’ve Never Picked up a Hammer

Investing on October 6th, 2014 Comments Off on Estimating Rehab When You’ve Never Picked up a Hammer

How can you estimate a rehab budget when you have zero construction experience? Let’s say you’re brand new to real estate investing.  You take a couple guru courses in Las Vegas and decide that wholesaling is the best way for you to build up cash and experience without taking on too much risk.  Even though […]

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Deal #122: New Construction Ranch Finally Finished

Investing on September 25th, 2014 Comments Off on Deal #122: New Construction Ranch Finally Finished

Remember that ranch we were building back in February? Welp.  Spring came and went.  Then summer. We’re happy to report construction is complete and the house is on the market! However, I’m still trying to wrap my brain around why this project took so darn long!  Let’s break it down, shall we? 1.  We originally […]

Off- Market Wholesale Deal Available: Condo in North Andover

Investing on September 12th, 2014 Comments Off on Off- Market Wholesale Deal Available: Condo in North Andover

  GREAT location!! Condo unit at professionally managed Heritage Green Condominiums. General Details: Top Floor, Corner Unit 850 sqft 2 Bed / 1 Bath     UPDATE:  NO LONGER AVAILABLE!!! Our team is rehabbing it – stay tuned for this to hit the retail market, but also stay tuned for other off-market wholesale deals!

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Wholesale Updates: 2-Family in Lowell SOLD!

Investing on August 18th, 2014 Comments Off on Wholesale Updates: 2-Family in Lowell SOLD!

This year, we wholesaled three rehab projects–2 due to holding too many projects.  The most recent wholesale was a great deal that happened to fall outside our business plan: a 2-family buy & hold in Lowell, MA.  Luckily, we were able to sell the property to a local landlord for full asking and it closed […]

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Gov. Patrick Dashes Hopes to Fix Ibanez Fallout

Investing on August 18th, 2014 Comments Off on Gov. Patrick Dashes Hopes to Fix Ibanez Fallout

In real estate news, it looked like there was a light at the end of the tunnel concerning the dreaded foreclosure ruling. Why all the fuss about Ibanez? Essentially, the original U.S. Bank v. Ibanez ruled foreclosures were invalid when banks couldn’t prove they had the proper paperwork to foreclose.  This protects the rights of […]

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Ask Nick: When should I bend the 60% Rule?

Investing on July 25th, 2014 Comments Off on Ask Nick: When should I bend the 60% Rule?

The 60% of ARV Rule is probably the most basic rule in flipping.  It easily becomes nuanced once you get into the details.  Here’s a great question from the comments section in our YouTube channel. Hi Nick, As a wholesaler, this is some awesome content; however, why wouldn’t I use the standard 70% vs. the […]

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Deal #122: Video of Ranch New Construction Layout

Investing on May 9th, 2014 Comments Off on Deal #122: Video of Ranch New Construction Layout

Check out the progress of one of our new construction projects in Tyngsborough, MA!  As you can see, framing is complete and we’re wrapping up rough electrical and rough mechanical. Here’s a shot of the exterior.  The house is currently in the pre-list marketing phase and will be listed on MLS before completion.   See […]

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Deal #124: Town Sewer Connection on a Busy Road is More Than We Bargained For

Investing on May 8th, 2014 No Comments

One of our current rehab projects required us to connect to the town sewer.  One small issue–okay there were a few issues. First off, this house is on a main road and the only side streets near the house are dead-ends. This means while the guys are digging up the street, they have to maneuver […]

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Support Petition against Illegally Forcing Homeowners to List Short Sales on Auction

Investing on March 20th, 2014 Comments Off on Support Petition against Illegally Forcing Homeowners to List Short Sales on Auction

Spreading the word from our Sister Company, Short Sale Mitigation.net – The Short Sale Closers: Attention all agents who list short sales: Nationstar forces homeowners who already have a home under contract (that an agent has already open MLS listed and marketed) to use auction.com to get more offers, causing serious liability for all involved. […]

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Check Your Bias: Choosing Rehab Finishes to Attract the Most Buyers

Investing on March 6th, 2014 No Comments

Buyers unfortunately don’t care much about all that money you spent on LVL beams, insulation, and heating systems. They consider having a sound structure and working systems as a given. Until the buyer home inspection, all that stuff is out of sight, out of mind. People make offers when they have an emotional response to […]

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