Deal Updates and 42 Wexford St walkthrough

November 2, 2009 by 5 Comments

Well we are looking at another very busy week. We should be closing on the purchase of two more rehabs and putting two finished properties on the market. One of the finished homes is our fire damaged two family at 37 Mansfield St, we actually received an offer on this property Friday…. before we officially even put it on the market…. however the price was a little lower than what we are looking for so we may either negotiate it up, or test the open market and see what we can get.

Also an update on 239 Plumtree Rd; we accepted an offer on this home last week. All inspections have been done and we should be good to close in another 2-3 weeks.

Video Update:

Heres a walkthrough we did of the property at 42 Wexford St in Springfield. This video was shot a few days after we closed on the house……

We’ve got so many projects going it’s hard to keep current video/picture updates on all of them…. but I’ll do my best to keep them coming!!

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Plumtree Rd – Finished and Staged

October 6, 2009 by 4 Comments

All the work is complete at Plumtree Rd and it is now cleaned and staged. Here are the finished pictures.

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Kitchen 1

Kitchen 1

Kitchen 2

Kitchen 2

Dining Room

Dining Room

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Fireplace

 

Living Room/Stairwell

Living Room/Stairway

 

First Floor Bath

First Floor Bath

First Floor Tub

First Floor Tub

Second Floor Bath

Second Floor Bath

Second Floor Bedroom

Second Floor Bedroom

Living Room

Living Room

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Starting the Week off Right

September 30, 2009 by Leave a Comment

This week started off just like last week….. with a closing on Monday and another on Tuesday.  We sold the Ware House on Monday and sold 39 Brooks St  on Tuesday.

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The Ware House – If you remember this beauty I was up in the air about rehabbing it or just wholesaling it. We closed on it, but because it’s located about 45 minutes outside our normal territory, we couldn’t get any of our contractors to travel out and do the work…. so I ended up putting it on the MLS and got a cash buyer who is going to fix it up and live in it. We only paid $15,000 for this gem so it was pretty easy to flip it out for a quick profit.

 

We are still waiting on the clear to close for Hartford Terrace, we should sell that at the end of this week. We also have two more purchases lined up for next week. These last few weeks have been really crazy as we have worked through all these closings….. by the end of next week we will have closed on seven properties in total, selling four of our properties and buying three new ones! I guess when it rains it pours!!!!!

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Bessemer is sold… and a few firsts for Hampden Homebuyers

September 23, 2009 by 2 Comments

Monday was a day of firsts for our business…. We closed on our first ever deal bought from a wholesaler, the English Tudor on Wexford St I wrote about in my last post. We put this house under contract last week on Tuesday and closed yesterday (the following Monday).  Also it looks like we are going to be purchasing our first ever property off the MLS…. a bank REO that we have been offering on for the last three weeks, and finally got our offer accepted on Monday. While we have bought alot of properties over the last couple years, they have all been through dealing directly with the sellers. We’ve made quite a few offers on REO’s, and been pretty close on getting a couple accepted, but this one looks to be our first.  I’ll post some pictures and a writeup about the home over the next few days.

On another note, we had our second closing of the week today…. we sold the house on Bessemer St. This deal took about 5 months from our purchase to the sale to our new buyer. It is definitely our best project to date. The renovations went very smooth and stayed within budget. The house turned out incredible and we had multiple offers the first day on the market. We ended up selling it for above our asking price and most important of all, the profit on this deal was very good!!

Things are really cranking along right now…. over the next two weeks we will be selling three of our properties (Hartford Ter, Brooks St, and the Ware House) and we will be buying two more rehabs.

Stay tuned for more updates and videos!!!

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New Deal Under Contract

September 19, 2009 by 2 Comments

We put a new house under contract on Tuesday morning with a closing scheduled for the following Monday. Thats four days to get the cash together, pull title and close it…. Dominics’ going to be busy!!  This is a probate deal that we are purchasing from another wholesaler. It’s not a homerun but I fell in love with the house and the street pretty quickly. Its a large English Tudor style home and I’ve been wanting to rehab one of these for years, as it’s probably my favorite style of home. The house also has a great floorplan… reminds me alot of Hartford Terrace.

Heres a few photos:

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This house is big….. it’s 2000 sq. ft. with four bedrooms, 1.5 baths, and a bonus room in the attic.

 It’s gonna look awesome when we’re done with it!!!!

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Plumtree Rd Update ~ Interior Finished

September 10, 2009 by 1 Comment

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Our contractor got through Plumtree Rd pretty quick. Heres a look at the inside:

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Kitchen

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Kitchen

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Dining Room

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Living Room w/ Fireplace

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Living Room/ Staircase

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First Floor Bath

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Bedroom 1

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Bedroom 2

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2nd Floor Bath

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Entryway

 

We installed a corner shower unit in the second floor bath where the old tub use to be. These are nice as they save space but still provide plenty of room to bathe in.

Next step is to stage the home and get it ready to show!

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Plumtree is Moving Along

September 4, 2009 by 6 Comments

The outside of Plumtree Rd is complete and we should be finishing up the inside soon. Here’s how it looked on Tuesday before we finished up the landscaping;

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Heres how it looks after we finished up the landscaping today:

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I think it’s a pretty good transformation from where we were 10 days ago.

It looks alot like Bessemer St except we used green shutters. My first choice is a burgundy raised panel shutter, but this house had green trim on all the windows so we went with a green shutter to match the trim. We also added the white picket fence to the front of the property. I think the fence looks pretty sharp…. we’ve had this in the scopes of work on a few other houses but for some reason it always gets cut out last minute. 

Let me know what you think of the white picket fence. I’d like to use it on some other projects and am looking for some feedback!!

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"Plumtree Road" New Project Underway

August 28, 2009 by 5 Comments

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We just started renovations on our newest project on Plumtree Rd in Springfield. This is a great location in a neighborhood known as East Forest Park, just around the corner from our house on Hartford Terrace. This is an easy project compared to most of our other rehabs…. no fire damage, no leaking roofs, no full gut…. just a light rehab that will take less than two weeks. I guess this is one of those light cosmetic jobs I have been looking for.

We have been working on buying this property for over a year. I first spoke with the owner in February of 2008. The owner lived in Arizona and flew up to show me the house. We were pretty close to making a deal with her at that time… then she found out she may be transferred back up to Springfield for work and she decided to hold onto the house. Thanks to Dominics persistent follow up we were the first ones on her mind when she realized she would not be coming back to Springfield and she needed to get rid of the house!!

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It’s a nice Cape with a huge backyard, similiar to our house on Bessemer St. This house has 3 bedrooms and 2 full baths. We will be painting the outside, updating the second floor bath, putting on a roof, doing some sheetrock repairs, refinishing the hardwoods, repairing some water damage from a leaking pipe, and painting everything.    Heres some more photos:

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Dining Room

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Living Room

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Kitchen

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First Floor Bathroom

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Fireplace

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Second Floor Bathroom

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Second Floor Bedroom

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Second Floor Bedroom

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Open Staircase

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Kitchen

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First Floor Bedroom

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High Effeciency Furnace

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Tankless Water Heater

You’ll notice that the kitchen ceiling is laying on the kitchen floor in the above pictures. There was a steady leak from the upstairs bathroom sink supply line that caved in the kitchen ceiling.

The good thing is this house already had a brand new high efficiency furnace and tankless water heater installed, those are big ticket items that we don’t have to address.

We don’t have a huge budget on this one so it’s not going to be as decked out as Bessemer, but it will still look real sharp when we’re done!

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