Category Archives: Real Estate Investor

The Perfect Storm – Builders in Trouble

There are a number of developments in the market that appear to be creating the perfect storm for investors. I’d like to highlight a few recent articles in the local paper and give you my thoughts of how these shifts may create great opportunities for investors. Home builders have building like crazy the fast few… Read More »

The Perfect Storm – Subprime Mortgages are History

The bust of the subprime mortgage industry may be a boom for rental property investors. The rental market in DFW has been depressed for years as interest rates dropped to historical lows and renters turned to buyers. The populatiry of subprime lending over the last few years didn’t help the rental market as would-be renters… Read More »

Anatomy of a Rehab – Postmortem

I finally closed on the sale of 911 Worth on June 6th, 2007. It took much longer to sell and I didn’t receive the price I had hoped. Here is what I learned… 1. While the location was great, the timing was poor. The property was one house down from the construction of a new… Read More »

Anatomy of a Rehab – Finally Finished!

I still have a few last minute “tweaks” but I finally finished the rehab on 911 Worth.  I’ll pull together the final numbers and thoughts in a few days but I wanted to get the pics out so you can see the difference.  This should be available on MLS tomorrow at $179,900 using a flat… Read More »

Anatomy of a Rehab – End in Sight

Things are finally moving forward at the Worth house.  The contractors started up again the 2nd week of January.  It is is amazing what a couple of hard workers can accomplish in a week.  They finished painting the cabinets, installing lights, doors, door knobs, trim and bathroom vanities, toilets, and lights.  I ordered the appliances… Read More »

Anatomy of a Rehab – Interior Part II

Well, things really slowed to crawl during the holidays. During the first two weeks of December the contractors completed the drywall, painted the walls/ceilings and installed new 6 panel doors. Since the third week hit we’ve only completed the tile in the bathrooms and kitchen counter top. I’ll probably call the contractor today and offer… Read More »

Anatomy of a Rehab – Interior – Part I

My goal on the rehab was to use a single contractor for the majority of the work as I didn’t want to manage a half-dozen contractors.  I wasn’t too concerned with the timeline as I paid cash for the property so my carrying costs were low.  Sadly, a week before my interior rehab would have begun, the… Read More »

Anatomy of a Rehab – Foundation

I started taking bids on the foundation before the sale closed since it was the largest unknown.  I budgeted $8k for foundation plus $2500 for brick, mortar and concrete repairs.  The driveway and back patio were in poor condition so I wanted to replace those if the budget allowed. Below are the three foundation bids… Read More »

Anatomy of a Rehab – Objectives and Budget

I purchased the property for $100k and planned to list it for $180k after the rehab.  My goal was to stay within my $40k budget, increase my rehab experience and blog the entire process.  I didn’t do any of the work myself but the property was just 5 minutes from my job so was easy… Read More »