In order to better document my business, I will be writing a blog about my ongoing projects on a weekly basis. The purpose of this blog is to write about the ups and downs of running a real estate business. The goal would be share all the good, bad and ugly that happens in our business and help as many investors as possible so they can learn from the mistakes I make in my business.
A little bit about myself:
I have done over 400 deals since I purchased my first property in Aug 2010 and I became a full-time real estate investor in April 2011. I am a very active investor in Lake County, Indiana and I started out acquiring rental properties. I own most of my rental properties in East Chicago, Hammond and Merrillville. I still own all the rental properties that I acquired when I first started investing and haven’t sold any rental property that I acquired for myself.
Currently, our business is focused on fix and flips. We do mix of fix and flips to turnkey investors from out of state and also to retail buyers who are looking for a home for themselves. The turnkey properties that we sell are to busy professionals across the country who want to invest in real estate but don’t have the time to acquire and manage fix and flips themselves.
I live in Carlsbad, California and run my entire business from a distance. I fly to NW Indiana once a month to check on the business and acquire more properties. I am able to run my business from a distance because of the great people that I work with and the systems we have developed around those people.
As of today, we have these projects going on/in the pipeline:
|Property Address||Project Type||Project Status|
|Cherrywood Ct||Fix and Flip||Under Rehab|
|N Wood St||Fix and Flip||Under Rehab|
|Chestnut Avenue||Turnkey||Sell Side – Under Contract|
|Nebraska Avenue||Turnkey||Under Rehab|
|Waveland Avenue||Turnkey||Sell Side – Under Contract|
|Ohio Avenue||Fix and Flip||Under Rehab|
|177th Place||Turnkey||Sell Side – Under Contract|
|Kenwood St||Turnkey||Sell Side – Under Contract|
|Osborne Avenue||Turnkey||Sell Side – Under Contract|
|Bigger St||Turnkey||Negotiating with a buyer|
|Delmar Avenue||Turnkey||Sell Side – Under Contract|
|Crane Pl||Turnkey||Negotiating with a buyer|
|5th St||Fix and Flip||Buy Side – Under Contract|
I will be providing updates of these projects on a weekly basis. Not all the projects will have an update on a weekly basis. Some of the projects that are Under Rehab are on hold for one reason or the other so those projects will not have any updates.
Please feel free to ask any questions you may have.