We are so excited to have Jenn McMurray of Bachelorette Pad Flip on the podcast today!
Jenn is the owner of Bachelorette Pad Flip and is a real estate broker in Arkansas by day and real estate investor by night! Jenn got in to the house flipping business to pay off her $70K student loans and successfully accomplished this after 5 years. Since then she has continued to grow her wealth through a total of 8 flips and 2 Airbnb properties.
Comparables or “comps”: Comps are sales records of recently sold homes. Appraisers and real estate agents use them to get the most accurate estimate possible of a home’s value.
HOW TO FIND COMPS:
Find homes that are just sold or recently sold on Zillow or Realtor.com - First look for the last 180 days - if you can find 3-4 similar homes that is great. If there aren’t great comps then change it to 360 days
Today is a big milestone for our podcast - we have our first guest! Deb Unverferth is an insanely talented gardener and is sharing her tips for planning your flower beds as we head into the Spring season.
On today’s episode, Chris interviews me as we look back on my first year as an entrepreneur. One year ago I left my corporate job and have been through lots of twists and turns to get me to where I am today and we are looking forward to seeing what this year holds for us!
On todays podcast we are talking about how we completed three house flips in Denver while working full time jobs and raising our two kids.
The key to our success was by focusing on "bite sized" projects each week and working our way through the home. We will take you through three of these "bite sized" projects that we completed in Denver.
Chris and I recap our week in renovations and end the podcast with each of our tips of the week!
Are you interested in fix and flips? Live in flips? Rental properties? Single family or multi-unit? There are so many different strategies when it comes to real estate investing - begin to consider what strategy is right for you.
The From the Nest podcast has officially launched and is hosted by myself and my husband, Chris Mahoney! We are so excited to share our journey as we navigate the world of real estate investments in our hometown of Toledo, Ohio while raising our two children.
On the podcast you will hear weekly recaps of our current projects, hear stories about our previous investment properties and learn all of the tips and tricks we have picked up along the way.
Although it was a crazy month, we did get some tasks accomplished at the flip house. There were a few mild days (40+ degrees) and we took full advantage by painting as much as we could on the exterior. We finished the trim around the top of the house and it already looks so much better now that the chipped paint is gone! Because the windows in the home are newer and matched the current trim color, I kept it the same by having Home Depot color match a piece of the chipped paint. With the new roof and gutters, the paint is really making this house pop when you walk past!
What drew us to this house was the location. It is located in an area with lower taxes but falls within an above average school district (Sylvania). It is a 3 bedroom Cape style house with 1,300 square feet and a large backyard - the perfect house for a family.
The Drummond flip house is a bigger beast than my previous flips. When we lived in Denver, we were living in the homes we flipped for two years and completed projects room by room. For this project we are doing every room at once and completing the project in 5-6 months. I am really working on giving .myself some grace on this project knowing that I will be learning a lot about project management.
If you are like me, the idea of paying for college in 10-15 years is a little overwhelming. Kids are expensive RIGHT NOW, so thinking about their price tags in 15 years is enough to give most parents heart palpitations. It’s not getting any cheaper to attend a university and Chris and I want to help out our kids as much as we can once the time comes.
If you follow me on Instagram you have seen that big renovations are already underway, however I wanted to take everyone on a full tour of the home and highlight some of the changes we will be making. I will be going more in depth with each project as we delve further into the flip.
We are in major planning mode right now for our Drummond flip house!
When flipping a house, the work starts the day your offer is accepted and the purchase agreement is signed. It generally takes 30-45 days for a property to close with conventional financing and you want to have as much of the renovation planned as possible within that time. There is always a chance that the deal could fall through and your planning could be for nothing, but it is better to get a head start and have contractors scheduled for the day you receive the keys to the house.
I know learning a new platform can be challenging, but Instagram is by far my favorite social media platform. You get to scroll through beautiful photos and engage with an awesome community every day that is often outside of your inner circle. I follow tons of design accounts, small businesses and all of my favorite brands.
SO…if you are new to this Instagram game, have no fear! I have created this post to help you learn the basics to become a pro in no time.
Today I am talking about the importance of staging your home and hiring a professional photographer when selling your house. I recently interviewed Mary Wyar, with Toledo Home Tours, and she provided her expertise and insight into the benefits of hiring a professional photographer.
I have fallen in love with Detroit and I don’t care who knows it!
I can’t believe I grew up only an hour away from this city and this past weekend was my first time exploring Detroit. Chris planned a quick 24 hour staycation for my 33rd birthday and he couldn’t have planned a more perfect trip.
We packed in loads of sight seeing and beer drinking and I am excited to share all of the main attractions with you on the blog today.