From the category archives:

Houses

House #31: Two Offers / 1st Contract

May 17, 2012

We received two offers on The Puzzle House yesterday, and there may be a third one coming today… The first offer we received was great — full-price, NACA buyer, looking to close quickly. The second offer comes with a funny story… We had received a phone call from the buyer’s agent earlier in the day, [...]

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House #32: Budget Recap

May 16, 2012

The Unexpected House has been under contract to sell for about 7 weeks now, and we’re just waiting for the 90 day deed restriction to expire so we can legally sell the property. Because we were able to get the house under contract before it went onto the market (we actually had three full-price offers [...]

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House #31: On The Market / Pics

May 4, 2012

It took several weeks longer than expected, but The Puzzle House is finally on the market… I haven’t gotten all the final invoices for the renovation work, so I don’t know where we came in on our budget (it looks like we’re going to be about 2-4% over budget on this one), but the renovation [...]

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House #29: Second Contract

April 26, 2012

As I suspected might happen, The Ticket House buyers ended up not being able to get their financing and the contract fell through at the end of last week… We immediately put the property back on the market, dropped the price by $5000 (to the price where it was previously under contract) and reached out [...]

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House #28: Final Analysis

April 20, 2012

It took more than a month longer than expected, but we finally got The Full House closed (see all financial results below)… A lot of things went wrong on the sale of this project — our private lender backed out the day before purchase closing, so we had to pay cash (resulting in lower ROI), [...]

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Update for 4/19/2012

April 19, 2012

I’ve spent much of the past week trying to clean up this site after getting hacked. Nothing you likely would have noticed unless you did a Google search for something on the site, in which case you would have seen links and content for prescription medications instead of my real estate content! I couldn’t figure [...]

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Update for 4/8/2012

April 8, 2012

Things have been tremendously busy the past few weeks, which is why the posting has dropped off, but I wanted to give an overview of where we stand with all our current projects: House #28: The Full House The Full House is now more than 2 weeks past the contractual closing date, and while we’re [...]

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Lots of Inspections

March 29, 2012

Our buyers have already had inspections on three of our houses this week: 1. The Full House is scheduled to close on Friday and underwriting came back a couple days ago and flagged the fact that the buyer never did an inspection. Unfortunately, FHA requires inspections, so this was something that needed to be taken [...]

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House #32: Three Offers / Contract

March 21, 2012

I haven’t posted any final pictures of The Unexpected House, and that’s because the house hasn’t been photographed or put on the market yet. But, despite it not being listed, we’ve already received THREE FULL-PRICED offers and have accepted one of them… Because we spend a lot of time networking with buyer’s agents in our [...]

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House #29: Two Offers / Contract

March 20, 2012

The Ticket House has been on the market for several weeks, and while we’d gotten quite a few showings, nobody was interested enough to make an offer. But, that changed over the weekend, as we got two offers yesterday, and the property is now under contract… One of the offers was near full price, and [...]

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