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Rehabbing

5 Easy Steps for Finishing Your Fix and Flip Project Fast

I do all of the grocery shopping for my family. And I hate it. First, I have to come up with the list. That means planning all our meals for the week. Good luck getting two pre-teen girls and a wife to not only to decide on a menu, but agree to eat what's on it as well. Then there’s the store. Always crowded on the weekends, I’m lucky to find a cart and make it through the meat department wi...
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3 Simple Tips for Calculating Your Rehab Costs

Last summer, over a span of two months, Manny and I made 6 trips to Milwaukee. It wasn’t that we were trying to escape the Phoenix heat (well, sort of). No, it was a fact-finding mission. Our rehabs there were taking too long, and costing too much, to finish. Something had to be done. What we learned surprised us both. After hours of meetings, driving to and from our properties, and analysis...
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The 2 Things You Must Have to Successfully Fix and Flip Houses

I started fixing and flipping houses in 2002 after working for 15 years in the TV news business. I was a photojournalist, although most people just referred to me as a cameraman. During my time in the business I was fortunate to cover some major stories, including the 1994 Super Bowl, the 2000 Presidential election and the Columbine shootings in Littleton, Colorado. I traveled all over the coun...
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2 Reasons You Shouldn’t Do ANY Work at Your Fix and Flip Project

When I started fixing and flipping houses back in 2002 I didn’t know anything about home remodeling or construction. After 14 years in the business, and more than 200 houses later, I still don’t. The truth is I don’t know how to… Paint Install cabinets Lay tile Hang doors Plumb Electrify Neither does my partner Manny. To be successful at fixing and flipping houses you don...
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3 Ways to Add Massive Value to Your Next Fix and Flip Project

My wife has a quote from Zig Ziglar written on the whiteboard next to our garage door. It says… “You don’t have to be great to start, but you have to start to be great.” She put it there for our daughters to see everyday as they walk out into the world. However, I also like reading the quote. It reminds me that we should all be trying something new, from time to time, and work hard to become...
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The North Phoenix Cat Pee House: Before and After

When we purchased the cat pee house in north Phoenix back in July of this year from a wholesaler, Manny and I knew it would be different from any other fix and flip project we’d ever completed. The rehab itself was fairly straightforward. All of the normal stuff was done, like exterior/interior paint, new kitchen cabinets and countertops, flooring, lighting and plumbing fixtures. Bot...
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The North Phoenix Cat Pee House: Part 3

A lot of fix and flip investors will tell you that they love the smell of cat pee, dog poop and spoiled food. “Smells like money” they say. But dog poop and spoiled food can be easily picked up and thrown away. Cat pee, on the other hand, well, it penetrates everything. The walls, brick, even the concrete slab. The risk to investors like us that take on projects like the cat pee house in nor...
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The North Phoenix Cat Pee House: Part 2

In my last post I introduced you to our latest acquisition, which we call the cat pee house. Located in north Phoenix, Manny and I purchased this property from a wholesaler. The former owner was cat hoarder, and was actually arrested for animal cruelty. And although I haven’t been able to find any of the news reports, I’m told it was a big story in this neighborhood. Besides the cat pee smel...
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The North Phoenix Cat Pee House: Part 1

After more than 12 years of fixing and flipping houses in Phoenix there isn’t much I haven’t seen. Or smelled. So when I got the call from one of our wholesalers about a “cat hoarder” house he had for us on the north side of the city, I was expecting an odor. Not a problem for me, I’ll just breathe through my mouth on the walkthrough I thought. I parked about 5 houses away under a big tre...
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How to Fix and Flip Your First House

Your first kiss. You remember it. But probably not because it was good. When you locked lips with that guy or gal (whose name you may not even remember anymore) it was awkward and even a little messy. Compared to future kisses it was a complete disaster. Afterwards you probably wondered what all the hype was about. You’d seen kissing done before hundreds of times on TV and the couple l...
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