From the category archives:

House #12 - SOLD

3-Year Recap!

August 12, 2011

This weekend marks three years since we purchased our very first rehab property, so I thought I would spend a bit of time recapping what we’ve accomplished in the first three years, along with some of the statistics and interesting tidbits of our journey.
Here’s a quick recap of our accomplishments:

24 Houses Purchased & Resold (Every [...]

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House #12: Final Analysis

February 5, 2010

We closed on the sale of The Mini House today…
I’d like to say this was a fun project, but after dealing with four different buyers over the past six months, I’m pretty sick of having to deal with or think about this house.
I take full responsibility for this one not closing back in [...]

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House #12: Last Issue?

February 4, 2010

Will the issues ever end with The Mini House?!?!
First, the two pieces of good news:
The buyer completed her inspection last weekend, and aside from fixing a couple flooring issues (stain on the vinyl and a bad carpet seam), everything was good. We actually had a the thermostat break after the inspection, so [...]

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Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on…
House #1: The Corn House
According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them [...]

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House #12: Fourth Contract

January 21, 2010

It only took a couple days, but we have yet another contract on The Mini House…
I’m not too surprised…we’ve had a ton of interest on this property since we put it on the market last summer, and if it weren’t for stupid mortgage brokers, idiot buyers, and bad appraisers, we would have had it sold [...]

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House #12: $1800 Richer

January 19, 2010

After all the drama surrounding The Mini House two weeks ago, it looks like the buyer was having more issues than she knew about. Apparently, between the time that she put the house under contract and the time the loan was supposed to close, her credit score dropped enough that she could no-longer qualify [...]

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Lots of Closings (Hopefully)

January 13, 2010

Just a quick post, as we’re traveling this week to Washington, DC for another staging gig…
In theory, we have a lot of closings coming up next week:

House #12: The Mini House: The buyer now has an $1800 deposit riding on her being able to close her loan by the end of this week. [...]

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House #12: Upping the Ante

January 11, 2010

The Mini House has been under contract for 10 weeks now. We’ve repeatedly told the buyer’s agent that the mortgage broker was not on top of things, and that if she didn’t take control, this deal would never close. She has repeatedly said that she trusts the broker and that things are under [...]

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Update for 12/31/2009

December 31, 2009

Just a quick update after my post from the other day, where I complained about all the issues with our closings this week (thanks for all the feedback, btw!)…
As for the two houses we’re scheduled to buy — The Pine House and The Neighbor House — there is no new information. Neither closing has [...]

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Disappointing Week

December 30, 2009

It’s been one of those weeks where I really wish I wasn’t in this business…
We were scheduled to have four closings this week — the sale of The Poor House and The Mini House and the purchase of The Pine House and The Neighbor House — but it looks like we’re not going to have [...]

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