Probate Deal and Top 20 Real Estate Investing Blogs

Alot of you are probably familiar with the site BiggerPockets.com. It’s a great real estate investing site that features forums, articles and an awesome community. Joshua Dorkin, who runs Biggerpockets, recently put together a list of the Top 20 Real Estate Investing Blogs, and I’m proud to say that our FlippingSmart.com made the list!!! There are alot of good blogs on there, many of which I visit regularly, so make sure you check it out.

Things are still cranking along with all our various rehabs. I think we are renovating 8 houses right now, with another two ready for construction. 

One of the jobs underway is a probate deal that we picked up a few weeks back, located at 51 Crystal Ave. This house was referred to us by an agent that we’ve bought quite a few properties from. We actually put the house under contract back in March, but we had to wait for the probate process to be completed, which took about another 3 months.

This is another gem. It had been vacant for several years and all the mechanicals were shot. We are going to be doing a complete rehab of the house, both the interior and exterior. It will get a new roof, new siding, new windows, new electric, new plumbing, new heating, new insulation, new sheetrock, 2 new baths, new kitchen, etc….. We are also going to be changing the layout a bit to make the third floor more accessible and to better utilize all the square footage within the house.

Now, I coulda sworn I took some before photos of this house, but I couldn’t find them anywhere. When I went back to get some the guys had alreay started the demo and the new roof was being put on…. so here are some pictures of Crystal Ave after a couple days of work….. Enjoy

The house looks like it’s brick… but it’s not. Thats a faux brick siding that they use to use back in the day. I think it’s made out of asphalt, like roof shingles. You can see in these pictures above that we already have the old roof ripped off and the new plywood is up.

There was a porch off the back of the house that we ripped off because it was falling down and unsafe. You can get a better look at that fake brick siding in this picture. 

 

Above is a look at the kitchen, which has been mostly gutted out.

 

This house is 3 bedrooms and 1.5 baths with about 1,400 square feet. We’re gonna add some additional square footage and another bedroom. We bought this property for $25,000.