Dominic met with the historic society last night and we got all our final approvals to go ahead with our renovation of the historic house on Bowdoin St.
Heres a video of the way it looked just after we closed on it.
House Flip Update – 70 Glenwood St Sold
April 11, 2010 by 11 Comments
We put 70 Glenwood St on the market just over two weeks ago and it is already sold!!! We were able to get this done so quickly because we found that ever so elusive retail cash buyer.
We met our buyer over at Glenwood St on Thurs. April 1st and she immediately fell on love with the house. She informed us that she had the cash available to purchase the house and she could close in a week. Well, that was music to our ears and we made it happen. After negotiating the price a little, title was ordered, inspections were done, and we officially closed one week later. Another bonus is she was not working with an agent so we saved a few bucks on that end as well.
Here are the final pictures of it finished and staged (you can see the before pictures HERE) … enjoy;
70 Glenwood St Springfield MA
Flip this House - 70 Glenwood St
Green Renovating - Bamboo Flooring
Porch Converted to Living Space. Archway
Stainless Appliances
Glenwood St Kitchen
Full Bath 1
Kitchen Looking from Dining Room
Full Bath 2
Bedroom with Shiny Hardwoods
Master Bedroom
Full Bath 2 with shower panel Body Jets
Beautiful Bright White Handrail and Railing
Well, I wish they could all be that easy. Two weeks exactly, from the day the property first hit the market, to the day we are at the closing table signing the deed over, that’s definitely a record that will be hard to beat!!
Deal Updates – 209 Gifford St, Springfield
March 21, 2010 by Leave a Comment
Our sweet little cape on Gifford St is nearing completion. All the finish electrical work is done and the plumbers should be completing their finish work over the next week. We installed some new hard wood floors and added a nice deck to the back of the house.
We put a FSBO sign out on all our properties as we are nearing completion and Dom has been receiving quite a few calls from interested buyers. I also noticed quite a few google searches for 209 Gifford St finding their way to this blog. The property is in an awesome neighborhood and its a good sign that we are getting alot of interest already.
Heres a couple pics of some of the work;
209 Gifford St Springfield MA
New Front Entrance Just Added
New Deck just Built off Rear of House
Open Kitchen
New Hardwoods just Installed
Double Sink Vanity
Glass Tile Inlay
Stainless Steel Appliances, Birch Cabinets
This house has come a long way since we first purchased it.
Well thats all I’ve got for tonight. I’ll work on getting some updates done on a few of our other houses.
Box Trucks and Paint Colors
March 13, 2010 by 10 Comments
Well it’s been another productive week in Springfield. We got two BPO’s done for short sales that we are working on, looked at a ton of houses, got an offer accepted on a nice REO deal, and yesterday we had lunch with a group of investors that came up to Springfield from southern CT for a little mastermind session. I know they read my blog so I want to thank you guys for lunch!!
On the marketing front, we picked up a big box truck a few weeks back that we’ve been having our contractor use to cruise around town with. The truck serves two purposes; it’s great for our contractor to store all his tools and transport materials to all the various job sites, but more importantly we are using it for a bit of shameless advertising. Heres a look at it:
Sweet Box Truck
Now isn’t that a sweet ride!!!! It’s too bad our contractor is married with kids because I know he could be getting a lot of chicks driving around in a truck like that 🙂
On the deal front we are going to be closing on the Giant Historic house next week as the title issues are finally cleared up. We spent today in Boston visiting a friend of mine who develops six unit condominium complexes. These are new construction buildings that he develops in existing neighborhoods. He builds them to look like older historic homes to match the surrounding properties. His buildings come out awesome and he uses some real nice exterior paint schemes. We visited a couple of his properties to get some good ideas for our exterior paint colors on the historic house. Heres a look at a few of his buildings:
House #1
This property has a darker sage green for the main body… almost an olive-green. The trim is a pale yellow and the accents are a burnt orange. I really like this particular look.
Historic Color Scheme 1
House #2
This house has a very deep red for the main body with a pale yellow trim and black accents. I think this may be a little too dark for what we are looking for.
House #3
This property has a lighter sage green for the main body with cream trim and a very rich/deep purple on the trim. I like this color scheme as well but I think I prefer the burnt orange over the deep purple.
Historic House Paint Color #3
House #4
This property has a lighter blue for the main body with pale yellow trim and burnt orange accent.
I’m leaning towards a sage green for the main body and I really like the contrasting look of the burnt orange accents. Tomorrow I’m going to go to Sherwin Williams and Benjamin Moore to look at their books and get some more ideas. We are suppose to be meeting with the local Historical Society on Monday so I’d like to have the exterior paint colors nailed down so I can show them what we are going to be using.
Let me know which of the houses you like or which colors you think look good. Leave a comment as any feedback would be greatly appreciated!!!
Ravenwood St Update
February 26, 2010 by Leave a Comment
Heres a look at the short sale property on Ravenwood St that we bought a few weeks back. This video was shot after the first couple of days of construction. You can see all the before pictures here.
Crazy Week + 37 Mansfield St Final Video
February 21, 2010 by 3 Comments
The week started and ended very good with us getting two more offers accepted, one on Monday and the other on Friday. The first deal is an estate property that was brought to us by one of the bigger REO agents in our city. The house is in a little rougher neighborhood than I like, but this will be the third property we’ve purchased from this particular agent in the last couple months so I’m viewing it as a way to further solidify our relationship.
The second deal is a short sale that we received an approval letter for on Friday. This should be a pretty sweet deal but we’ve got to clear up a few little title issues before we can close on it.
In other news, after only owning the house on Ravenwood St for a little over two weeks, we’ve got the rehab finished and our new buyer is already moving in!!! I’ll have pictures and videos of this property coming up in the next week or so.
OK… to wrap it up I want to post our final walkthrough of the fire damaged multi family home we did at 37 Mansfield St in Springfield. You can see all the before pictures here, and our initial walk through video here.
Check it out;
143 Lloyd Ave Update
February 13, 2010 by 4 Comments
Lloyd Before
Our property at 143 Lloyd Ave is almost done. The city came out and turned the water on for us yesterday, so now the plumber can finish up with his connections and can fire up the heating system. This house received new siding, new roof, new windows, and a complete interior makeover. The major change that we made was converting the existing breezeway into living space. This required insulating and sheetrocking the whole room, installing vinyl windows and adding flooring. This new spaces adds about 200 more square feet to our living area and will make a nice dining room or family room.
Here are some pics of the house as we are finishing up;
143 Lloyd Ave
Converted Breezeway
Converted Breezeway Looking into Kitchen
Kitchen 1
Kitchen 2
Eat In Kitchen Area
Bathroom
Living Room
Bedroom
Once the plumber completes his work we’ll put together a final punch list. When the punch list is complete the home will get cleaned, staged and to the market.
In other news I think we have the house on Ravenwood St sold. This was the Bank of America short sale that we purchased two weeks back. We started the rehab well before we officially closed, so by the time we actually owned the house the renovation was nearly complete. We brought a buyer through this week and she is ready to sign a purchase and sale. I’ve got videos and pictures that I need to post of this property so keep your eye out for those.
Bank of America Short Sale Approved…. and Closed
January 27, 2010 by 5 Comments
Everyone thats ever attempted a short sale knows that there is nothing short about the whole process…. as was the case for the short sale we just closed on today. I met with this homeowner about a year ago…. January of 2009. It took two appraisals and 12 months time, but we got Bank of America to approve the deal and we finally closed on it. We got a really good deal on this property, as is the case with most of the short sales that we buy, so it is definitely worth the wait. My strategy with short sales is to just jam them into our pipeline and sit and wait. I never know when they will get approved, or even if they will get approved at all….. but its always a pleasant surprise to get that call or email with an approval.
This is another one that we started work on before we even owned it. A little risky, but we actually received the short sale approval letter in December and they gave us over three weeks to close it….. which really surprised me because usually they are drilling you to close within 10 days.
Heres a look at the property, located on Ravenwood St in Springfield;
Kitchen
Dining Area
Living Room
Bathroom
Bedroom
Roof Leak.... always a plus on a Short Sale
Bedroom
Garage Full of Junk
Basement Full of Junk
You’ll notice that this house had an active roof leak, which is always a plus when you are negotiating a short sale because the bank knows that no FHA buyers will be able to purchase the house. Use this as ammunition to drive the price down.
I think we may have another short sale very close to approval. Should be another good deal, I’ll post more about it as things materialize.
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