From the category archives:

House #1 - 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 [...]

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Lessons Learned On House #1

May 1, 2011

Now that we’re finally closed on The Corn House (House #1), I took some time and put together a list of the Top 10 mistakes we made and lessons learned on this first investment of ours.
Top 10 Lessons Learned on House #1
If you have any of your own lessons to add (or have any questions [...]

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House #1: Final Analysis

April 29, 2011

We closed on The Corn House yesterday…
For those following this blog since the beginning, you may recall that this was the very first house we purchased, more than two-and-a-half years ago. Back when we were originally considering this property as our first investment, my wife and I said to each other, “The goal is [...]

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Update for 4/26/11

April 26, 2011

Nothing too terribly exciting going on…just a bunch of little stuff. So, here’s a quick update on each of the properties we currently are working on…
House #1: The Corn House
The Corn House is scheduled to close towards the end of this week. Appraisals and inspections are complete, approvals are in, the loan [...]

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House #1: Appraisal

April 18, 2011

We just got the appraisal back for The Corn House, and I’m thrilled to say that it came in $2500 above the contract price…
I was seriously concerned about this particular appraisal, as there aren’t a lot of comps in the area, and this is the same appraised value that we received about a year ago, [...]

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House #1: Re-Inspection/Appraisal

April 13, 2011

The Corn House sale is moving along smoothly, and assuming there are no hiccups with the appraisal value or the underwriting, I’m hopeful that we’ll get this one closed within the next two weeks…
Because the buyer is using a public loan program for financing, any inspection issues that were identified during the inspection had to [...]

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House #1: Inspections

April 4, 2011

Things are moving right along on the sale of The Corn House. The buyer is using a down-payment assistance program, which required two separate inspections — one just a basic safety inspection and one a full general inspection. Both were completed last week, and while there were some repairs/issues noted (in the general [...]

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House #1: First Contract

March 19, 2011

The first day we put The Corn House on the market, we had a showing (someone who was interested in seeing The Trifecta House after it was under contract)…
It took a few days for them to get up the courage to put in an offer (they are first-time home-buyers, have been looking for a long [...]

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House #1: Staging Pictures

March 13, 2011

We have The Corn House re-renovated, re-staged and re-listed for sale now that our lease-purchase tenants have moved out after two years…
The exterior of the property has undergone a dramatic change. We rebuilt the front steps, painte the exterior and replaced the roof (here is what it looked like before):

And here are the final [...]

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Update For 3/10/11

March 10, 2011

Things have been very slow this week, which is why I haven’t had much to post about. So, I thought I would take this opportunity to give a quick update on each of the properties we currently are working on…
House #1: The Corn House
With the exception of the second new roof (which is [...]

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