From the category archives:

House #14

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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Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on…
House #1: The Corn House
According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them [...]

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House #14: Officially Ours

January 20, 2010

I won’t go into much detail, but let’s just say it wasn’t pretty trying to get The Pine House purchased. After numerous arguments with the listing agent, threats of lawsuits, threats of keeping earnest money, etc, we finally got this purchase closed today.
Basically, the asset manager for the selling institution (Fannie Mae) [...]

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Lots of Closings (Hopefully)

January 13, 2010

Just a quick post, as we’re traveling this week to Washington, DC for another staging gig…
In theory, we have a lot of closings coming up next week:

House #12: The Mini House: The buyer now has an $1800 deposit riding on her being able to close her loan by the end of this week. [...]

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Update for 12/31/2009

December 31, 2009

Just a quick update after my post from the other day, where I complained about all the issues with our closings this week (thanks for all the feedback, btw!)…
As for the two houses we’re scheduled to buy — The Pine House and The Neighbor House — there is no new information. Neither closing has [...]

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Disappointing Week

December 30, 2009

It’s been one of those weeks where I really wish I wasn’t in this business…
We were scheduled to have four closings this week — the sale of The Poor House and The Mini House and the purchase of The Pine House and The Neighbor House — but it looks like we’re not going to have [...]

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House #14 / #15: Before Pics

December 23, 2009

As promised, here are some BEFORE pictures of the two houses we put under contract in the past two weeks…
The Pine House (see BEFORE pics) is in need of a full renovation, including some major mold remediation and a full cosmetic rehab on both the interior and exterior.
The Neighbor House (see BEFORE pics) will just [...]

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Update for 12/21/2009

December 21, 2009

I haven’t had a chance to post in a couple days because I’ve been out of town, so I thought I’d give a quick update on everything we have going on these days…
House #1: The Corn House
Nothing much new with The Corn House. The lease-purchase tenants are consistently paying their rent, and their [...]

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House #14: Getting Bids

December 14, 2009

My project manager had a number of contractors out to The Pine House today to get bids on the work. I had to take a last minute trip up to NY today, so I didn’t have a chance to be there, but he gave me the run down…
On every project, I generally start by [...]

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House #14: The Pine House

December 11, 2009

It’s been a long time since we’ve purchased a new house, but not for lack of trying. We’ve put in probably 25 offers over the past three to four weeks, and each was either rejected, countered too high, or outbid by another buyer. That said, over the past week or so, things have [...]

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