House #17: Before Pictures

March 11, 2010 · 1 comment

As promised, here are some before pictures of The Escher House:

BEFORE PICTURES

Unfortunately, I was in a rush to get these, and I don’t think they really capture the craziness of the layout. That said, while the layout is unorthodox, we actually think it’s appealing and will help sell the house once it’s been rehabbed.

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3 Appraisals, 1 Day

March 10, 2010

So much for taking off on a mini-vacation yesterday…
Turns out that all three properties that we have under contract to sell had an appraisal yesterday, and two of them were last-minute, meaning we didn’t have much time to prepare and we had to stick around to meet with the appraisers…
We knew the appraisal for the [...]

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Mobile Home Update

March 7, 2010

We’ve had a bunch of stuff going on with our mobile home investments over the past two months, but I haven’t had much time to write about our progress, issues, and current status…so here goes:
Mobile Home #1
Our very first mobile home purchase took a turn for the worse last month when our buyer (who we [...]

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House #17: Inspection Results

March 5, 2010

We had our pre-purchase inspection of The Escher House yesterday, and it looks like we didn’t miss anything in terms of repairs or condition of the property…
The biggest concern I had was a crack in one of the poured foundation walls, and since my inspector is also a structural engineer, I was confident that he [...]

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House #17: The Escher House

March 4, 2010

We just put House #17 under contract yesterday…
It’s a bank-owned foreclosure right just about a mile from my personal residence. It’s a 22 year-old house, and to be honest, I have no idea how to describe the style. It’s a traditional, but also has some characteristics of a split level. Half of [...]

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Traits of a Great Agent

March 3, 2010

As a follow-up to last week’s article on “Should You Get Your Real Estate License,” here is this week’s blog post over at BiggerPockets.com:
Traits of a Great Real Estate Agent
Take a look and feel free to leave comments either here or there…
Enjoy!

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House #13: Appraisal

March 2, 2010

The appraisal for The Poor House came back at our contract price, so assuming no financing surprises, it looks like we’ll be going to closing on this one in the next two weeks…
That said, we almost didn’t get a high-enough appraisal, and it was all my fault. As I mentioned in my article last [...]

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House #16: First Contract

February 28, 2010

We received our first offer on The Probate House over the weekend, and we negotiated a formal contract…
I mentioned on Friday that we had two agents who had potential buyers, and one of those agents came through with an offer on Saturday. In fact, it turns out that the agent wasn’t representing a buyer [...]

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Update for 2/26/2010

February 26, 2010

Here’s an end-of-the-week update on all the houses and other stuff going on…
House #1: The Corn House
We found out that the lease/buyers for this house haven’t been paying off their credit card each month like the credit repair company suggested. They likely would have qualified last month if it had not been for [...]

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Should You Get Your License?

February 24, 2010

I cleaned up an article that I published here a couple months ago and posted it over at BiggerPockets.com for my weekly BP blog post…
Take a look and feel free to leave comments either here or there:
Should You Get Your Real Estate License?
Enjoy!

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