You may have noticed that it’s been a little quiet around here lately.
But. You guys.
Things are happening.
Before I get into the nitty gritty of what’s going on, here’s the quick back story – as you know, Jason and I have been flipping houses for 6 years now, and we’ve done 10 in all (not counting our own house and our two rentals). We’ve learned a lot about construction, entrepreneurship, and real estate in general. We’ve ridden the highs and lows of the real estate market, started a family, and moved into our 30’s.
We’ve always said that we’d like to build a house when the time is right, and maybe ultimately move from being flippers to builders. That prospect has always seemed like kind of a phantom dream, one that you can catch a clear glimpse of from time to time but that just doesn’t seem quite real or attainable. Maybe it’s one of those things that you talk about but never actually do.
But with the real estate market in Dallas picking up, it’s become harder and harder to find houses to flip – other investors are snapping up houses left and right, and homebuyers themselves are feeling comfortable buying fixer-uppers. We are lucky to have found the houses that we did.
Back in February, Jason received an email from a wholesaler about an investment opportunity in another part of Dallas. The house wasn’t quite what we’re used to working with – it was more expensive, more square footage, in a different neighborhood, and on a much larger lot. Because of all that it wasn’t in our comfort zone, but after I ran some quick comps we decided to hop in the car to go scope it out. Flips are hard to come by, so it was certainly worth our time to see if this house could be a contender for a renovation.