Comments on: House Flip Update 2 / Roundup

By: House Flip Update 4 / Roundup

House Flip Update 4 / Roundup — Sat, 06 Nov 2010 11:32:17 +0000

[...] House Flip Update 2 [...]

By: Mrs. Accountability

Mrs. Accountability — Sun, 18 Jul 2010 19:41:52 +0000

Hi Joe! Hey thanks for the link to my post about paying off three credit cards!

By: Invest It Wisely

Invest It Wisely — Sun, 18 Jul 2010 03:25:07 +0000

Thanks for the mentions! Can’t wait to see what the “after” shots are like!

By: joeplemon

joeplemon — Sun, 18 Jul 2010 00:49:04 +0000

@Mrs Thrifty,
Yes, we are all pulling, but not always together. Seriously, we get along pretty well. Thanks for the encouragement.

@Darren,
We had thought that flipping the house by the end of August would have been great, but we probably won’t have it ready to market by then. But really, you are right…we are not adamant about completing it by a set date. So…progress is indeed progress, even if it is slow at times.

By: Darren

Darren — Sat, 17 Jul 2010 21:44:57 +0000

Good job! I say progress is progress, however you look at it. Unless you were adamant about completing it by a certain time and with a specific budget, which it doesn’t seem like you were, you should be able to pat yourself on the back.

By: Miss Thrifty

Miss Thrifty — Sat, 17 Jul 2010 20:52:14 +0000

WOW! Trials and tribulations aside, I am really impressed by what you are doing here – partly the house refurb, but also the way that you are all pulling together. Onwards and upwards!

By: joeplemon

joeplemon — Sat, 17 Jul 2010 17:37:12 +0000

@Budgeting,
Actually, my workers have come through for me when I really need them, but Mayberry living means staying flexible. About the vacuum…we thought it would be a backup, but it is actually way better than our belt – eating other one. It works great and we have had it for over a year.

@Evan,
I am glad you are enjoying the adventure. I promise to share as much as my partners will agree to once we wrap it up.

@Peter,
We minimized our risk by paying cash for a not very expensive house with funds that will not affect our lives even if we lose them all. It is a calculated gamble, but not a huge one. About the TV flip shows…I haven’t seen very many of them, but the ones I have seen seem to make the entire flip way too easy, like anyone could do it. That was before the housing bubble popped though.

We are thinking of this as a diversification in our investment portfolio…less in mutual funds and more in “hands on” real estate.

Thanks for wishing us well.

By: Peter

Peter — Sat, 17 Jul 2010 17:20:28 +0000

Very interesting to read about this process. I hope it ends up being a positive experience for you, i know I wouldn’t have the guts to attempt one of these flips, especially after having watched a few of those shows on cable showing people attempting to flip.. They always seem to have issues. In any event, if anyone can do it – you can. good luck!

By: Evan

Evan — Sat, 17 Jul 2010 16:05:25 +0000

Thanks for the link.

I love hearing about this adventure. I can’t wait to see final numbers, if you are nice/open enough to share

By: Budgeting in the Fun Stuff

Budgeting in the Fun Stuff — Sat, 17 Jul 2010 15:34:29 +0000

Rounding up my hired workers would tick me off, but I guess its a tradeoff for living in Mayberry, lol.

Thanks so much for the link love! I really my readers and your comments make me smile. Hope your vacuum continues its nice long life, hahaha!