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Update for 8/13/2008

August 13, 2008

Lots going on, so I thought I would post a general update on things… House #1: The Corn House Today is the big day — I’m closing on my first investment property, The Corn House! Here are some of the other things going on with House #1: I finally found a GC who will perform […]

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House #2: Due Diligence

August 12, 2008

I’ve talked a little bit about The Bulge House, and now that I’ve gone through some of the due diligence — and am fairly convinced I’ll go through with this purchase — I’ll go into a bit more detail… First, here are some pictures… From a numbers perspective, I’m picking this house up at around […]

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House #2: Water Damage?

August 11, 2008

My out-of-town silent-partner was in town for my wedding this weekend, so I decided to take him around the three houses that we have under contract. We stop by the Corn House, and take a look around, and then we head over to the Bulge House. The first thing I notice when we walk into […]

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House #3: Second Chance House

August 10, 2008

I mentioned the Second Chance house in a post from last week. Well, the day after I wrote that post, I received a counter-offer from the bank for $1000 higher than my bid; considering this counter-offer was still $13,000 less than my original bid two weeks ago, I immediately accepted, and now have House #3 […]

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I’m Getting Married!

August 8, 2008

Getting married today!!!

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House #1: Ready to Close

August 7, 2008

I got my closing date for House #1 today — it’s next Wednesday afternoon. This will be the first closing I’ve had with an investment property, and is sure to be a lot easier than closing on my first property, my primary residence. Because I will be paying cash for the house, I won’t have […]

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House #2: The Bulge House

August 6, 2008

Looks like I picked up my second house yesterday. While this one is far from a done deal, I submitted an offer, had several round of counter-offers, and ultimately we came to an agreement on terms and price (i.e., we have a contract). The reason I say this isn’t a done deal (other than the […]

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A Second Chance?

August 5, 2008

A couple weeks ago, I put an offer a house that looked like a decent deal. My offer was a few thousand below list price (it was a bank owned foreclosure), and I thought that were there no other offers on the table, I’d likely get it. Unfortunately, there was another offer on the table, […]

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To All Contractors

August 4, 2008

I don’t know if I have any contractors reading my blog, but now that I’ve started getting General Contractor (GC) bids on my first house, I have some recommendations to all the contractors out there who want to step up their game when it comes to doing a walk-through and bidding on a project. Don’t […]

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Update for 8/1/08

August 1, 2008

I’ve had the busiest work week in recent memory this week (even compared to back in the corporate world). Things have been crazy, but in a good way. Here are some updates: 1. I met with a number of GCs this week to get bids on the Corn House rehab. I expect to have four […]

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