From the category archives:

House #9 - 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 [...]

26 comments Read the full article →

House #9: Final Analysis

August 17, 2009

We closed on the sale The Hat Trick House today. Below is a final analysis of the deal, including financial results and statistics…
This was a tremendously smooth deal and an easy closing, which was surprising given that the buyer used a lending program I’d never heard of before (NACA). As I mentioned in [...]

8 comments Read the full article →

Update for 8/16/09

August 16, 2009

First, just wanted to remind people of the great rehab blog over at TomTarrant.com…not only do I appreciate the mention Tom gave of our first year recap on his blog, but I consistently learn a tremendous amount about the rehab process by watching his videos and following his flips. He does a lot of [...]

4 comments Read the full article →

House #9: Closing Delayed

August 10, 2009

We were scheduled to close on The Hat Trick House tomorrow (Tuesday). But, apparently the closing attorney is a stickler for the RESPA regulation that states that the buyer must receive the Good Faith Estimate (GFE) at least five business days before the closing. Since the buyer didn’t get the GFE until last [...]

0 comments Read the full article →

House #9: Closing Scheduled

August 7, 2009

Sorry I haven’t posted much this week, but my desktop PC crashed, and it’s currently being repaired. Let this be a good reminder to everyone else to back up your computer…my not doing so anytime recently may cause me a lot of grief if I end up losing a bunch of data…
Anyway, a quick [...]

0 comments Read the full article →

House #9: Appraised

July 30, 2009

We got the The Hat Trick House appraisal back this evening, and I’m happy to report that it came back above the purchase price…
This is especially good news considering the issues we’ve had the past few weeks with appraisals in this neighborhood. Here’s a quick recap…
The Red Garage House (which is in the same [...]

3 comments Read the full article →

Update for 7/24/2009

July 24, 2009

A quick update on where each of the properties stand:
House #1: The Corn House
We’ve collected four on-time rent checks, and according to the contract, we should be closing on the lease-option on this one at the end of next month. Unfortunately, based on the credit check that the mortgage broker ran last month, [...]

6 comments Read the full article →

House #9: First Offer

July 16, 2009

We received our first offer on The Hat Trick House today. After dropping the price last week, we’ve gotten a good bit of traffic through there, so I’m not surprised that we found someone interested.
The offer is actually quite interesting…
The buyer is using a special loan program call NACA, which is a non-profit agency [...]

4 comments Read the full article →

House #9: Price Reduction

July 5, 2009

I’m thrilled to say that in all the time we’ve been doing this, we’ve yet to have to reduce the list price of a house that we’ve put on the market. But, unfortunately, that streak came to an end this weekend…
We dropped the list price on The Hat Trick House from $109,900 to $99,900. [...]

5 comments Read the full article →

Update for 6/26/2009

June 26, 2009

Here’s my end-of-the-week update on all our houses…it’s a quick one, but after this long, long week, I don’t have a lot of energy to write…
House #1: The Corn House
Nothing new with this house…just looking forward to collecting our third (on-time) rent check…

House #6: The Red Garage House
I’m so angry that it’s difficult for [...]

6 comments Read the full article →

← Previous Entries