Apartment Update

Last night was the first of our biannual conference calls regarding the apartment complex in Houston. The managers gave us a general overview of the Houston economy and then of the property itself.Nationwide, occupancy rates are easing and rent growth is cooling. The Houston market is also expected to cool, although not as much as the rest of the nation. There are many new A-class (higher end) apartments...

My Ebook Is Available!

I'm pleased to announce my ebook, A Flipper's Diary, is finished and now available for purchase! What does it contain? I'm glad you asked!I've taken two of my flipping projects that I've presented here and presented them in chronological order (unlike the reverse chronological order of the blog) and added additional comments and information that I have learned since I worked on those first projects....

Lost Some Free Advertising

I lost some free advertising over the weekend. I used to have license plates frames that said "I Buy Houses" and listed my phone number. On January 1, a new law here in Arizona went into effect that says you cannot cover up the word "Arizona" on license plates. The word is printed between the two upper mounting holes on the license plate, so almost all license plate frames that have writing on the upper portion cover the state name. To comply with...

General Update

Well, the holidays are over and things are settling back down to a normal routine.I received another on-time payment on Hard Money loan #4.I received another quarterly profit distribution for the apartment complex in Houston. Again, the distribution worked out to our preferred 9% annual ROI. After five months of rising, the occupancy rate dropped, but only by one percent back down to a more normal 96%. I knew the 97% rate from last month wouldn't...