From the category archives:

House #18 – SOLD

House #18: Tenant Leaving

April 20, 2011

We have had a tenant in The Haggle House since November, and she has requested that she be allowed to cut her lease short…we are going to let her… Without mincing words, the tenant has been a pain in the butt the entire time she has been in the house; it started with her complaining […]

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Update for 12/27/10

December 27, 2010

Things have been pretty busy personally (we’re getting ready to have our second baby in a couple weeks), so I haven’t had a lot of time to update the blog, but I wanted to give a general update on the four properties we are currently holding… House #1: The Corn House It’s been almost two […]

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House #18: Refi’ed / Rented

November 1, 2010

The Haggle House is officially occupied — the new tenant has done her walk-through, paid her first month’s rent and is in the process of moving in… In addition, after purchasing with all-cash and making repairs with our own funds, we’ve refinanced and pulled out about 75% of our total costs; now that we only […]

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House #18: Rented

October 13, 2010

We’ve gotten a lot of interest from potential renters for The Haggle House since we finished the rehab and put it on the market about three weeks ago… In total, we probably had about two dozen showings, got about a half dozen applications, and ultimately found two potential renters that met all of our criteria. […]

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House #18: Rehab Complete

September 17, 2010

We finished the rehab on The Haggle House earlier this week (total of three days), got some appliances installed yesterday, and are finishing up the cleaning today. We’re planning to start looking for renters this weekend… This was our smallest and quickest rehab yet (as it’s our first rental property and the goal wasn’t to […]

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House #18: Exit Strategy

September 16, 2010

If you’ve been reading the past week, you know that we have another house under renovation (The Haggle House) and have been trying to determine the appropriate exit strategy for it — Hold As Rental or Rehab & Resell. If you’ve looked at the financial analysis I’ve done for each of these options, you know […]

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House #18: Rehab Plan

September 14, 2010

We closed on The Haggle House yesterday (sorry, no pics yet), and rehab is underway… This should be a very quick and easy rehab — essentially it’s just paint, carpet, replace a few light fixtures, replace a broken pedestal sink, exterior pressure-washing, and a good cleaning. We’ve chosen a darker carpet for this one, in […]

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House #18: Flip Analysis

September 9, 2010

In my last post, I provided a detailed financial analysis of what we could expect if we were to hold The Haggle House as a rental. In this post, I want to do a quick financial analysis of what our profits would look like if we were to rehab/flip it instead… If you recall The […]

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House #18: Rental Analysis

September 8, 2010

As it appears The Haggle House may be our first long-term rental, and given the questions a couple readers have posed, I wanted to spend this post going through the financial details of this particular rental opportunity… (Note: If you only care about the numbers, feel free to scroll down to the spreadsheet further down […]

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House #18: The Haggle House

September 5, 2010

It’s been a while, but we just put House #18 under contract…it was the house I’ve been discussing in my “Follow the Offer” posts… (full credit to Tom Tarrant for coming up with a great name for this one!) Last Wednesday, I mentioned that the bank had verbally accepted our final offer, after much negotiation […]

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