It's been twenty days since my last progress update, and although that might seem like a long time to you, for me it has absolutely flown by with non-stop action at the house. We're really hitting the home stretch (is that pun? a bad joke? just bad writing?) now, and the whole team has gone into overdrive trying to get everything done. We're hoping to list the house for sale within the next two weeks, and I'm pretty confident we can do it … if everything goes right. Continue Reading
Shockwave launched a new game yesterday called “House Flip”. The object of the game is just as it sounds. You buy houses, fix, clean or update them and then sell them for–hopefully–a profit. After receiving a link to the game, I spent about an hour playing it, and I must say, it’s hilarious and completely addictive! You can play the game without becoming a member of Shockwave, but if you DO become a member, you’ll get some perks–like skipping ads and earning ‘bling for your trophy case.’ Continue Reading
Before we get to the happy ending, we should really discuss how to stay out of jail while undertaking a flip.
Notes on Owner-Occupied versus Non-Owner-Occupied
If you buy a house, move into it and remodel it, you can do all the work yourself–including all the electrical and plumbing. However, if you buy the house on spec, meaning you speculate on its resale, and do not occupy it, as we did with our flipper, you must comply to state codes. Continue Reading
If you’ve been following this post, you’ve probably guessed that we hired out very little work. We did, however, hire a few tradespeople along the way.
People, People Who Need Trades-People
Time being money, we chose to hire a sheet rocker who was able to hang 50 sheets of rock in the basement in eight hours. An impossible feat for most DIY’ers. We also hired a taper. Although we employed this fellow to get the job done fast, we also wanted it done right. Continue Reading