From the category archives:

Houses

Follow The Offer V

September 1, 2010

A few weeks ago, I wrote several posts about an offer that I had made on an REO property. The goal was to give my readers an idea of the back-and-forth we often have with sellers when negotiating purchases and our thinking throughout the process…
The last update I posted was back on August 12, [...]

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House #14: Update

August 29, 2010

It’s been a while since I’ve given an update on The Pine House…
Last I mentioned, we had a second full-price contract on the house with a buyer who was getting funded through NACA. I’m sure I mentioned it at some point (though I can’t find any posts), but because NACA is so backed up [...]

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House #1: Refinance

August 24, 2010

I gave an update on The Corn House yesterday, and forgot to mention one thing. I’ve had about a bunch of my own cash tied up in this house for the past two years, and without refinancing my cash out (i.e., using some financial leverage), my ROI on that cash investment is ending up [...]

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House #1: Summer Update

August 23, 2010

I’ve had a couple people ask me for an update on The Corn House, and I realized that it’s been a while since I’ve even mentioned it…
My last update was in May, at which point the lease-purchase tenants were making progress on their credit and we were pursuing both FHA and NACA financing for them. [...]

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The Highest Compliment

August 17, 2010

My wife and I got paid the highest compliment we could imagine by a buyer today — we got invited to their housewarming party!
The Escher House sold back in May. About a month ago, the buyers had an issue with a soffit that wasn’t sealed properly, causing water to come through the kitchen ceiling [...]

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Follow The Offer IV

August 12, 2010

I’ve love to say I had a status on the offer we made last week that I’ve been posting about…
But, unfortunately, still no word. We called the listing agent yesterday to ask the status, she said she’d look into it and get right back to us, and then no return phone call. It’s [...]

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Follow The Offer III

August 9, 2010

First, just a reminder that as of last week, I’ve started sending out the 123Flip.com Newsletter. In the next couple weeks, I will be sending everyone who is subscribed to the newsletter a FREE copy of my Multi-Unit Investing Business Plan…so if you haven’t signed up, you can do so here…
Not much to report [...]

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Follow The Offer II

August 5, 2010

I posted yesterday the details of our latest property negotiations. As I mentioned, we had made an offer, the bank countered our offer, and we had just submitted a second counter-offer to the bank…
This morning, the bank responded by requesting our “highest and best” offer. This essentially means that the bank doesn’t particularly [...]

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Follow The Offer

August 4, 2010

Not much to write about today, but since I get a lot of questions asking about the negotiation process I go through with my REO offers, I thought I would share the details of the latest house we’re in the process of negotiating. I don’t know if we’ll end up getting the house or [...]

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House #17: Final Analysis

May 21, 2010

We closed on the sale of The Escher House today…
From start to finish, this was a fun project. Not only did we push ourselves to get this one done very quickly (4 weeks), but we did some major landscaping renovations that we’d never done on any properties before, so that posed some new challenges. [...]

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