From the category archives:

Houses

House #30: The Easy House

February 5, 2012

We picked up our 30th house last week (in the same neighborhood as The Drought House)!
This one is a Fannie Mae property that has a 90 day deed restriction — which means we are legally forbidden from reselling it within the first 90 days of ownership for more than 20% above what we [...]

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House #29: Preliminary Budget

January 31, 2012

We just purchased The Ticket House yesterday, and rehab is starting tomorrow…
Here are my estimates for this project:

We’ve already gotten a few of the bids on the project, so I expect that it shouldn’t be too difficult to hit these estimates. The only major surprise I’d be concerned about is the HVAC system…it looks [...]

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House #29: The Ticket House

January 26, 2012

It’s been a long while since we put a new house under contract, but with about 20 offers in over the past two weeks, it was inevitable that we’d get at least a couple…
This one is going to be called The Ticket House, given that I got a speeding ticket while entering the subdivision the [...]

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House #28: A Few Pictures

January 18, 2012

We didn’t get any BEFORE pictures of The Full House, and we ultimately were able to reuse many of the STAGING pictures from The Waffle House, as the floor plan was exactly the same and much of the staging design was replicated.
But, we do have a few pictures that are unique to this house (especially [...]

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House #27: Final Analysis

December 23, 2011

The family and I have been on vacation for much of December, which is why I haven’t posted much this month. But, we closed on the sale of The Waffle House yesterday (see all the financial results below), so I wanted to post a quick final analysis of the deal.
This closing snuck up on [...]

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House #26: Final Analysis

December 14, 2011

We closed on the sale of The Fourfecta House yesterday… (see all the financial results below)
I should say that we FINALLY closed on this sale. We were scheduled to close about a month ago, when the lender went of of business the day before closing. It was supposed to take up to 2 [...]

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House #28: Officially Ours

December 6, 2011

Wow. I mentioned in my last post how the purchase of The Full House was coming down to the wire, but I had absolutely no idea how tough this one would be to close. The listing agent (who was negotiating the short sale) was still trying to get approval for the deal 90 [...]

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House #28: The Full House

December 2, 2011

It’s been a long time in works, but we finally have House #28 under contract. It’s a short sale in the same neighborhood as The Lake House, The Leak House, The Trifecta House and The Fourfecta House, and because it’s scheduled to go to foreclosure auction next Tuesday, we literally need to start the [...]

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Update for 11/30/11

November 30, 2011

It’s been a while since I’ve posted…not so much because there’s nothing going on, but more because everything seems to be moving very slowly these days. But, here’s a general overview of what’s going on with the business:
House #26: The Fourfecta House
As I mentioned a couple weeks ago, the lender for The Fourfecta [...]

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House #27: First Contract

November 21, 2011

As of this past weekend, The Waffle House is officially under contract to be sold…
We’ve worked with the selling agent before, and we’re thrilled to be working with her again. She represented the buyer for The Corn House earlier this year, and that transaction went about as smoothly as we could have hoped. [...]

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