From the category archives:

House #2 - 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 #2: Final Analysis

October 21, 2008

As of this morning, The Bulge House is officially sold!
It’s been both fun and educational going through my first complete cycle of flipping of a house, and I can honestly say that I’ve learned more in the past several months than I ever expected I could.
Now that The Bulge House is officially sold, [...]

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Update for 10/8/2008

October 8, 2008

A general update on everything going on with the houses and the continued search for more properties:
House #1: The Corn House
We’re about a week behind schedule on this project (my very first project), but we’re getting down to the wire. Yesterday, we started staging the interior, and today we’ll be finishing staging and [...]

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House #2: Final Concessions

September 29, 2008

The Bulge House has been under contract for about 10 days now, and the due diligence period has just ended. This means that, while the buyer can still back out of the transaction if she wishes to, she would lose her deposit if she did. So, I’m hopeful that this contract will stick, [...]

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Update for 9/22/2008

September 22, 2008

With so much going on these days, I thought I would just post another general update on everything going on…
House #1: The Corn House
The Corn House is coming along nicely, after 5 weeks of rehab work. While technically the rehab was scheduled to finish this past Friday, I had pulled the contractors off [...]

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House #2: Under Contract

September 17, 2008

Well, I didn’t think I’d be writing this post so soon after yesterday’s post (about The Bulge House getting listed on the MLS), but as of about 8 hours after the listing went live, the house was under contract! The potential buyer was looking at another property listed by my agent, but when it [...]

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House #2: Purchase/Rehab Costs

September 16, 2008

Now that The Bulge House is officially on the market, I decided to do my final accounting to determine how much I’ve spent to both purchase and rehab this property (which I can then use to model my profit based on my holding and selling costs). While I didn’t define a formal budget for [...]

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House #2: Staged for Listing

September 15, 2008

My wife — the amazing woman she is — spent the entire weekend staging The Bulge House in preparation for it going on the market today. This was quite a feat, considering that four days ago, we didn’t have any staging furniture, accessories or materials. But amazingly, it all came together in about [...]

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House #2: The Last 10%

September 11, 2008

Everyone in this business has reminded me that the last 10% of any project is the hardest (and takes the longest). Now that I’m down to the last 10% of The Bulge House, I’m really starting to understand that. Part of the problem on this house is that I was originally planning to [...]

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House #2: Almost “After” Pics

September 8, 2008

I was hoping to post the AFTER pictures of The Bulge House today, but a lot has happened over the past 48 hours (both good and bad), and it appears the house isn’t completely “after” just yet…
Here are the almost after pics…
And here are the before pics, to refresh your memory…
There are still a [...]

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