Monday, January 25, 2010

News and Latest Projects

229 Toledo Court








Obviously delighted at the waiving of the 90 day seasoning rule for FHA buyers - stay tuned to get clear on parameters on 25% net profit stipulation.


Check out our latest listing for sale on redfin.com- 371 Idora Avenue, Vallejo


Purchase $64K
Rehab: $25K
Listed: $119k

Also our newest house under contract (first pic above)- 229 Toledo Court - tri-level 1600 sq ft with views - for $130k with $35k rehab and planned relist of $225K

Currently dealing with two impending vacancies - one due to job loss, and the other a bit messy - one sister moved out, the other sister can't afford rent - sisters now not speaking and me in the middle - The joys of landlording!!

Tuesday, January 5, 2010

Latest Project and Plans for 2010











Just back from a great trip to Ireland for Christmas to see my family. Had a great time, although came back with the flu.

Have 3 finished rehab projects currently listed for sale on MLS and two being rehabbed with expected relisting time within the next 2-4 weeks.
Expect a few more accepted offers in the next few days and planning on looking at a bunch more houses at the end of this week once I have recovered from flu.
Pictures of most recent rehab here - 3/2 SFR purchased for $90k, $35k in rehab and approx $10k in resale costs. Partnership arrangment with prenogotiated split to each partner.
Looking forward to expanding into other Solano County markets this year and working on adding seller financing opportunities to homebuyers , so stay tuned!