From the category archives:

House #4 - 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 #4: Final Analysis

November 22, 2008

As of this afternoon, The Yellow Stain House is officially sold!
This project has been at times frustrating, at times fun, and has presented some very unique challenges. Specifically, one of the most difficult aspects of this project has been deciding what our exit strategy would be. We considered a major rehab and flip; [...]

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House #4: Under Contract

November 19, 2008

It’s official — The Yellow Stain House is now under contract to be sold!
We’ve gotten tremendous interest in this house over the past week, and it was only a matter of time before we got an acceptable offer. Today, not only did we get a very reasonable offer, but a second potential buyer who [...]

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House #4: Wow!

November 14, 2008

After having The Corn House sit on the market for the past three weeks without anyone even looking at it, I’m completely amazed at the activity we’ve had at The Yellow Stain House in the past 24 hours. We had to remove it from the MLS for about two days due to some paperwork [...]

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House #4: Another Offer?

November 13, 2008

I mentioned the other day that the first person to visit The Yellow Stain House was very interested in putting in an offer. She is still working through her financing, and as of yet, we haven’t received a formal offer; but her agent says that if the financing comes through, we will be getting [...]

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House #4: Why Not Rent?

November 12, 2008

I just received a comment on a previous post asking why I wouldn’t consider renting out The Yellow Stain House. This is a question I get often, and also one I’ve asked myself often. While in theory, renting this property makes a lot of sense (the numbers work well), there are a couple [...]

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House #4: Rehab. Offer?

November 11, 2008

The Yellow Stain House has been on the market for three days now. The foundation has been repaired, as has been the main water line from the meter to the house (there was a rupture that would have cost as much to fix as to replace the whole thing). As the house is [...]

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Real Estate License!

November 8, 2008

My wife got her real estate license last week!
It took about 150 hours of study, a crash refresher course, and then two exams, but she did it, and with flying colors (whatever that means). In Georgia (and probably everywhere else), having your real estate license doesn’t mean anything until you find a real estate [...]

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House #4: Rehab Update

November 5, 2008

We closed on The Yellow Stain House this past Monday. In the past three days, we’ve accomplished a good bit:
- The foundation work was completed…while a good bit of the yard was dug up during the repair (they put anchors both against the interior foundation wall and outside the house), by the time they [...]

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House #4: Finally Mine

November 4, 2008

Good News: I finally closed on The Yellow Stain House today!
While closing on this house is a good thing, it’s a reminder that things don’t always work out the way you plan, especially in this business. I’ve been learning that lesson repeatedly over the past couple weeks. Here are some of the [...]

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