From the category archives:

House #11 - SOLD

House #11: Final Analysis

October 16, 2009

We closed on the sale of The Sunglasses House today!
As you might recall, this house has been under contract since renovation began; my project manager (who is my brother) and his fiancee decided they wanted to buy the house, and spent the better part of the past three months customizing the house for their liking. [...]

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House #11: Almost Gone

October 13, 2009

As I mentioned a couple weeks back, my buyer for The Sunglasses House got screwed on his financing (his broker made a mistake), and they had to start the process over with a different lender and a different underwriting strategy.
This time, the broker seemed a good bit more careful, and it looks like [...]

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House #11: Final Pictures

October 4, 2009

The rehab on The Sunglasses House finished a few weeks ago, and we finally had our house cleaner in there this week to get it ready for the new buyers. The rehab was a tremendous success; after spending over $65K on renovations, we completely remodeled both the interior and the exterior of the house.
On [...]

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House #11: Financing Issues

September 17, 2009

As I’ve mentioned on a number of occasions, our project manager for Lish Properties (who is also my brother) is in the process of buying The Sunglasses House. And to be more specific, his fiancee was buying the house with a loan in her own name, and both of them are to be on [...]

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Update for 9/15/2009

September 15, 2009

Let me first mention today that my wife and I are expecting our first baby any day now (he was due this past weekend), so if you notice a few days where the blog is not getting updated, you’ll know why…
Anyway, I think it’s been about a month since I’ve done a [...]

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House #11: First Appraisal

August 31, 2009

For the first time in this business, we’ve actually been caught by surprise at someone else’s competence…
As I mentioned previously, my brother/project manager is buying The Sunglasses House. Normally, we’d be waiting until the 90-day FHA seasoning was completed before we submitted a contract and got the mortgage paperwork started, but we’ve found a [...]

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Update for 8/16/09

August 16, 2009

First, just wanted to remind people of the great rehab blog over at TomTarrant.com…not only do I appreciate the mention Tom gave of our first year recap on his blog, but I consistently learn a tremendous amount about the rehab process by watching his videos and following his flips. He does a lot of [...]

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House #11: Rehab (Vid 3)

August 5, 2009

We’re continuing to make great progress on The Sunglasses House, and given where we are on the rehab, it’s likely we’ll hit our estimated 6 week schedule…
This past week, we’ve completed the interior painting, finished reglazing and repairing all the windows, installed the vinyl flooring in the bathrooms and laundry room, installed most of the [...]

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House #11: Rehab Pics

July 28, 2009

Our contractors have been cranking away on The Sunglasses House again this week. The landscaping was completed, the gutters were installed, a huge backyard privacy fence was put up, the master shower and fireplace tiling were completed, and the interior paint is 50% complete.
By the end of the week, the painting should be complete, [...]

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Update for 7/24/2009

July 24, 2009

A quick update on where each of the properties stand:
House #1: The Corn House
We’ve collected four on-time rent checks, and according to the contract, we should be closing on the lease-option on this one at the end of next month. Unfortunately, based on the credit check that the mortgage broker ran last month, [...]

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