From the category archives:

House #18 - 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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House #18: Final Analysis

August 5, 2011

We closed on the sale of The Haggle House yesterday… (see all the financial results below)
This house was a great experiment. For about 6 months, it was our first real rental property, but once the initial tenant chose to leave (before the lease was up), we decided that we’d rather just sell this one [...]

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House #18: Closing Delay

July 30, 2011

We were scheduled to close on The Haggle House yesterday, but it didn’t happen…
We got a call mid-week from the buyer’s mortgage broker informing us that there were a lot of little issues that still needed to be finalized (buyer getting a copy of her latest pay stub, etc), along with one major issue. [...]

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House #18: Appraisal

July 15, 2011

We just got the results of the appraisal for The Haggle House, and the value came in above the purchase price (Sale Price: $95K, Appraised Value: $96K)…
This was the last major hurdle for this property, and now the loan should go to underwriting. Assuming there are no issues that the underwriter finds (at least [...]

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Update for 7/11/11

July 11, 2011

Just got back from vacation yesterday, and have been trying to catch up on work and life…but wanted to give a quick overview of where things stand with the houses…
House #18: The Haggle House
The Haggle House has been under contract for two weeks now, the buyer has completed their inspections, we’ve made (almost) all [...]

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House #18: Inspection

July 6, 2011

We’re on vacation this week, so just a quick update…
The Haggle House has been under contract to sell for a little over a week now, and the buyers have completed their due diligence and inspections on the property…
As suspected, the inspector found no major problems, but there were a few minor things that the buyer [...]

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House #18: First Contract

June 25, 2011

We put The Haggle House under contract to sell today, after about a month on the market…
This one was tough to get under contract simply because we didn’t get a whole lot of traffic through the property. The house is about 100 yards over the border into a county that is further from the [...]

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House #18: On The Market / Pics

May 21, 2011

We completed the small rehab on The Haggle House yesterday, got it staged today, and got it listed for sale this afternoon…
As most of the rehab was done several months ago before we rented it out, there wasn’t much to do this time — just some touch-up paint, pressure washing, and some other minor details. [...]

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House #18: Tenant Is Gone

May 16, 2011

The tenant in The Haggle House is now gone, and we’re getting the property ready to be listed for sale…
She left the property in good condition, so basically all we need to do is clean the carpets, replace some lights and faucets and touch up some interior paint. On top of that, the property [...]

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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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