From the category archives:

Houses

House #17: Before Pictures

March 11, 2010

As promised, here are some before pictures of The Escher House:
BEFORE PICTURES
Unfortunately, I was in a rush to get these, and I don’t think they really capture the craziness of the layout. That said, while the layout is unorthodox, we actually think it’s appealing and will help sell the house once it’s been rehabbed.

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3 Appraisals, 1 Day

March 10, 2010

So much for taking off on a mini-vacation yesterday…
Turns out that all three properties that we have under contract to sell had an appraisal yesterday, and two of them were last-minute, meaning we didn’t have much time to prepare and we had to stick around to meet with the appraisers…
We knew the appraisal for the [...]

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House #17: Inspection Results

March 5, 2010

We had our pre-purchase inspection of The Escher House yesterday, and it looks like we didn’t miss anything in terms of repairs or condition of the property…
The biggest concern I had was a crack in one of the poured foundation walls, and since my inspector is also a structural engineer, I was confident that he [...]

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House #17: The Escher House

March 4, 2010

We just put House #17 under contract yesterday…
It’s a bank-owned foreclosure right just about a mile from my personal residence. It’s a 22 year-old house, and to be honest, I have no idea how to describe the style. It’s a traditional, but also has some characteristics of a split level. Half of [...]

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House #13: Appraisal

March 2, 2010

The appraisal for The Poor House came back at our contract price, so assuming no financing surprises, it looks like we’ll be going to closing on this one in the next two weeks…
That said, we almost didn’t get a high-enough appraisal, and it was all my fault. As I mentioned in my article last [...]

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House #16: First Contract

February 28, 2010

We received our first offer on The Probate House over the weekend, and we negotiated a formal contract…
I mentioned on Friday that we had two agents who had potential buyers, and one of those agents came through with an offer on Saturday. In fact, it turns out that the agent wasn’t representing a buyer [...]

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Update for 2/26/2010

February 26, 2010

Here’s an end-of-the-week update on all the houses and other stuff going on…
House #1: The Corn House
We found out that the lease/buyers for this house haven’t been paying off their credit card each month like the credit repair company suggested. They likely would have qualified last month if it had not been for [...]

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House #15: First Contract

February 19, 2010

The Neighbor House is officially under contract for sale. If you recall, this was the house we were trying to sell to another investor, and we actually found a buyer via my blog post…
At this point, I have mixed feelings about selling this house (it would be an easy flip), but the buyers seem [...]

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House #13: Second Contract

February 15, 2010

It turns out we never did receive that fourth offer on The Poor House over the weekend, but it turns out that it didn’t really matter…we countered the third-offer, and they quickly accepted. So, we once again have this one under contract, and we hope to close in about a month…
We were pretty stringent [...]

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House #13: Third (Fourth?) Offer

February 12, 2010

We received our third offer on The Poor House today…and we may be getting number four this afternoon…
We countered the second offer that we received last week, and because we weren’t very confident that the buyers would actually be able to close, we were pretty stringent on our counter. We countered close to full [...]

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