Wednesday, March 08, 2006

So, you want to join the We Buy Houses crowd?

This is how it all got started for us....

We were living in a decent house that we had bought for a good price. We had the opportunity to buy a brand new house in a new part of Las vegas. The monthly payment was even the same, but the house would be 10 years newer and 600 square feet bigger! So oviously we jumped on this chance and signed papers in May of 05. Our house would be completed in October. This gave us 5 months to sell our house.

In August we decided that we would remodel the entire house, which would allow us to sell it for more money. Here is a list of what we did during the remodling process:
  • built a big media niche for the TV and equipment (the old one was too small to be useful)
  • laid tile in all the bathrooms and kitchen (got rid of the linoleum)
  • installed laminate wood flooring everywhere else
  • updated all of the light fixtures to modern ones
  • updated all of the ugly brass doorknobs with satin chrome levers
  • installed fancy baseboard
  • replaced the crusty chrome faucets and bathroom accesories with updated antique nickel fixtures
  • tore out the concrete in the backyard and landscaped
  • we also basically repainted the entire house

We fixed up this house in less than a month and had a blast doing it! Running our own business has always been at the top of our goals list. We ended up selling that house for $27,000 more than what we paid 9 months before and have made approx $70,000 off of our new house in equity. We put 2 and 2 together and here we are. We decided that if we could make that much money by buying and selling our primary house, imagine what we could do if we focused on it.

Since then, we have been reading about investing until our eyes pop out of our heads, then we take a break and start reading some more. We have been researching the Las Vegas market, driving around looking at different houses and working on getting some investor loans.

The opportunity for us to buy a house is just around the corner.....

Sell your house fast

Real-Estate

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