House Flipping Update August 11-17
I chose a good week to turn off my cell phone and sit by the pool with my family. The past 7 days here in New England have been gorgeous - especially contrasted to last week when I was driving for deals in the rain. It was a good opportunity for me to "tune out" and let my house flipping team run the show.
Taking a step away can be difficult when you run your own business. Email, text messages and voicemails can be pretty challenging to escape. Even when I do turn the cell phone off, I often feel an urge to turn it back on, just to check for any new messages one last time. This is especially true now that my team and I are on the verge of flipping 3 houses per month.
Despite spending my week at home on a "stay-cation" my business kept on trucking along. We have multiple deals underway right now which I am really excited about. In this post I want to update you on one house in particular that we sold this past week, and another house that is mid-way through renovations.
Driving for Deals from Absentee Owners
The rain was coming down hard as I set off from my office, on a mid-morning mission to find my latest house flip deal. Up here in New England, a mid-August northeast wind makes it feel more like October than summer. I was sopping wet before I even made it to my truck.
Yet our market here has been hot, at least for my house flipping team and I. I still get excited knowing that our next big deal could be just one street or one turn away. There are money making gems in many neighborhoods here in the United States. The challenge of course, is finding them.
How to Find Deals from Absentee Owners Using MLS
Have a question about absentee owners? Let us know by posting in the forum.
Doing What I’ve Never Done: The Modular Home House Flip
A modular home house flip? Seriously? Yep, I tell people all the time to step out of their comfort zone...and I did it here.
"Do what you fear most and you control fear"
-Anthony Robbins
My acquisition manager Bill Roberts, who is a huge Tony Robbins fan reminded me of that quote a few weeks ago.
But I couldn't help but think how it applied to my most recent modular home house flip that we've been doing in Sagamore Beach.
Not that I had a "fear" of modular homes, I've just never actually built one or bought one before. So when I decided to do this deal with my contractor Bill Bachant a few months back, I really felt like I was back four years ago when I first started house flipping.
And I have to tell you, it was really awesome learning a brand new way to invest in real estate.