From the category archives:

House #11 - SOLD

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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House #11: Rehab (Vid 2)

July 19, 2009

While I just posted the first rehab video for The Sunglasses House a couple days ago, that video was about a week old (took me a while to get the video card I needed to upload it to my computer)…
So, here’s the next installment, which was just recorded this past weekend, and should bring you [...]

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House #11: Rehab (Vid 1)

July 17, 2009

I’ve gotten lots of requests to start adding video of our rehabs, as people want to get a better idea of what specifically we’re doing on our houses and what the houses look like before and after.
I’ve been putting off doing this for a couple reasons: I was too lazy to buy the correct [...]

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House #11, #12: Rehab Progress

July 9, 2009

Just a quick update on the progress of the two rehabs underway…
House #11: The Sunglasses House
We made great progress at The Sunglasses House today, with three crews of contractors working from sun-up til sun-down. The old roof came off and the new roof went on, the polybutylene plumbing was torn out and completely replaced [...]

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House #11: First Offer

July 8, 2009

We officially got our first offer on The Sunglasses House today, despite the fact that we’re still a month away from finishing the rehab…
The offer came from our project manager (my brother) and his fiancee, who have been looking for a new home for themselves for several months now. In fact, they’ve put in [...]

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Rehabs, Inspections, Rehabs

July 2, 2009

Renovations are well underway on both The Mini House and The Sunglasses House, and I’m happy to report that a week in, both projects are still on-schedule and on-budget.
We actually had an interesting experience today over at The Sunglasses House…a county code enforcement inspector (the same inspector we had for The Second Chance House, coincidentally) [...]

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Update for 6/26/2009

June 26, 2009

Here’s my end-of-the-week update on all our houses…it’s a quick one, but after this long, long week, I don’t have a lot of energy to write…
House #1: The Corn House
Nothing new with this house…just looking forward to collecting our third (on-time) rent check…

House #6: The Red Garage House
I’m so angry that it’s difficult for [...]

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House #11: Officially Ours

June 24, 2009

After lots of scrambling to prepare for the growing mold problem at The Sunglasses House, and after threatening the bank with backing out of the deal if they couldn’t get to the closing table this week, we got word the other day that the title problems had been solved, and that we were ready to [...]

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House #11: Mold Problems

June 18, 2009

We were supposed to close on The Sunglasses House last week, but due to some title issues that haven’t yet been resolved, we still don’t have a closing date. In fact, we don’t know if it will be another week or another two months…
Normally, I wouldn’t be over-anxious about closing on a property, but [...]

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Update for 6/9/2009

June 9, 2009

Juggling lots of houses right now, so thought I’d give a quick run-down on the status of everything going on:
House #1: The Corn House
We received our second rent check from The Corn House tenants, so at least they’re off to a good start.
We also had the tenants check in with our mortgage [...]

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