Thursday, March 11, 2010

About time for an update!

Sorry I haven't been posting. After dabbling in the flipping market, I've decided to flip off the flipping market! Rentals are where its at in my book. So we rented out this house I was going to flip because even at a very low asking price I never got any real offers. But in the dead of winter, I rented it for 700 bucks no problem.

Gotta love that. Everyone tells me its hard to rent in the winter, and I see for rent signs everywhere and I rented two of my places very quickly. Luck? I don't think so. Luck only comes along once in a while. I have a history now of renting quickly in the winter. In my opinion, its quality homes rent fast regardless of price. (as long as the price is semi reasonable) Also advertising pays. Be a cheapskate and just stick a sign in the yard, and lose 1400 bucks rent, plus enormous heating bills to keep your pipes from freezing, and electric bills. Or pay for advertising and WIN.

Next update I'll post some before/after videos of the last project, and we bought our first one bedroom. Its coming along nicely.

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