Heres a look at the house on Hartford Terrace with the floors refinished, nice and shiny!! They look much nicer than they did before.
Next up will be the staged photos……
Hampden Homebuyers - We Buy Houses Springfield MA Sell House Fast
Heres a look at the house on Hartford Terrace with the floors refinished, nice and shiny!! They look much nicer than they did before.
Next up will be the staged photos……
I’ve added a page for Before and After photos and videos of our finished projects, as I know everyone loves these. I will post more as time permits…. but check out this property we just finished last month.
Atwater Rd
We got a buyer for this one at our first open house…. and should close any day now if Bank Of America would get their act together.
Dang these weeks are flying by…. Well as expected we hit some delays on a couple of our closings, and only ended up buying one property, the other four are on hold due to banks and appraisers mucking things up.
Bessemer is still moving right along. Here is a video update:
Here’s a look at the front of the house with the new roof, new windows, and stripped siding.
It’s a gorgeous day here in Springfield, MA. Right now the thermometer reads 80 degrees. My partner Dominic just made me aware of something I didn’t realize, we could have five closings this month week. If it happens it will definetly be a record for us. A few years back when I was starting this business I would have been happy to have five closings in a year!!! Things tend to come up last minute which may delay one or two but what should happen is; we sell two of our finished rehabs, we purchase one pretty house sub2, we purchase one rehabbed house at 70% of ARV, and we purchase the fire damaged three family. We’ve been FLAT OUT BUSY this whole year…. I love this depressed RE market.
One little tip I wanted to share is about Stainless Steel Applainces. We have been adding them to all our finshed rehabs, even the lower end starter homes… and the feedback from buyers has been awesome. It is an added detail that puts your finished rehab way ahead of the competition, and is one of the major reasons why I think our houses have been selling so quickly (less than two weeks on market). Now stainless steel can be expensive so what we do is frequent Lowes and buy all the open box/ display models/ returns that they put out on the weekends. The key is to make freinds with the appliance workers and get them to call you when any good ones become available. We’ve made freinds with associates from both the Lowes near us and they will call us when they’ve got something good. We usually pick up stainless or clean steel appliances for a little more than the brand new white appliances.
Check out this kitchen:
We are one week into construction on Bessemer St. Here is a video update:
Construction for this project should run another seven weeks. So far we have been very happy with our new contractor Jason. We have had some bad experiences with contractors over the last six months… cost us alot of time and money…. There are alot of guys out there right now who are very hungry for work and they will tell you they can do anything, than you give them a project and you soon find out they are in way over there head. Just make sure you are screening them well.
I think we bought another house yesterday… we still have to execute contracts but we came to a verbal agreement. I’ll post more details about this one in another post.
Heres a video I took Monday of the progress so far at Bessemer St. Things are moving along well.
We are starting to get some good publicity from this project. We did a photo shoot yesterday with our local paper that is going to be running a story about the house and our rehab work. We were also invited to a Springfield Community Group to talk about this house, our company, and how we renovate houses and improve neighborhoods. Several of the attendees were giving us leads on vacant houses that needed work!
Still no closing on the fire Damage Three Family, there are some title problems that need to be fixed. We did put in an offer on another three unit property located in Forest Park. It is a pocket listing that an REO agent brought to us. We’ll see what the bank thinks of our offer. We’re about $20k below what they are hoping to get for the property. If we can make a deal it will probably be a buy and hold for us as it will cash flow very nicely.
I’ll post some more updates tommorrow about our other deals and what we are currently working out.
It was a fun weekend here in Massachusetts. Friday night I went to my good friends wedding, Saturday was beautiful and I got a chance to do some yard work around my house. Sunday I took a trip to Bessemer St to check out the progress. We’re three days into the work and so far it’s been nothing but yard work, clean out and demo. I have a feeling this house is gonna take 5 dumpsters.
Speaking of Dogs…. I said I would post pictures of the dogs in their cages… here it is!!!!!
We closed on Bessemer on Tuesday and work got underway today. The guys cleaned up the yard and began airing the house out. A dumpster will be delivered tommorrow and clean out of the inside will begin. It’s gonna take a few dumpsters on this job as their is quite a bit of trash in the house. The Humane Society will be coming tommorrow to get the four dogs.
The contractor we are using is actually one of the guys I found on the Craigslist ad I posted about last week. He has rehabbed a few houses for himself in the past and he was actually already on my buyers list… and I didn’t even realize it. He has been doing new construction for the past two years but wants to get back into doing rehabs. This will be a good one to start on.
Here are some pictures from today, including photos of the inside, you can see how trashed the place is:
The hardwood floors will be done over at Hartford Terrace tommorrow. I’ll put up some pictures of that. We have two of our finished rehabs closing at the end of this month. Still waiting for clear title on the Fire Damage Three Family…. I don’t think we’ll be closing tommorrow on that one. We also have a rental house that we bought in February on Ladd St getting finished up, we should have the new tenant in there May 1st.
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