From the category archives:

House #22 – 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 & […]

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House #22: Final Analysis

March 31, 2011

We sold The Trifecta House today (statistics and financial results below)…after a quick rehab (11 days) and a quick sale (4 days on market), it took about 6 weeks to get the deal closed. Given the total hold time of 62 days and a total profit of nearly $20K, I certainly consider this is successful […]

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House #22: Second Appraisal

March 15, 2011

After having the appraiser come out to the house over the weekend, we just received the second appraisal on The Trifecta House, and I’m pleased with the results… The first appraisal came back at $105,000, a little below the contract price (which is $107,000). I was happy with that, given that the best comp was […]

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Update For 3/10/11

March 10, 2011

Things have been very slow this week, which is why I haven’t had much to post about. So, I thought I would take this opportunity to give a quick update on each of the properties we currently are working on… House #1: The Corn House With the exception of the second new roof (which is […]

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House #22: Inspection/Appraisal

March 7, 2011

The buyers for The Trifecta House completed their inspections last week and we got the first appraisal (of two) back today… As for the inspection, the inspector found about a dozen minor issues (broken window latches, disconnected hose on washing machine, miswired outlet, etc), two cosmetic issues (missing shelves in the master bedroom closet and […]

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House #22: First Contract

February 23, 2011

The Trifecta House has been on the market for about a week now, and we’ve already received three offers (and several other great showings where the agents indicated that may put in an offer). Two of the three offers were good enough to seriously consider… The first offer was a good offer, but unfortunately, the […]

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House #22: Budget Recap

February 20, 2011

The Trifecta House has been on the market for about 5 days now, and we’ve gotten tremendous interest over the past several days, including our first two offers (which haven’t been negotiated yet, so I don’t want to talk about them publicly)… In the meantime, I wanted to post my (so far) final budget numbers […]

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House #22: Staging Pictures

February 13, 2011

I mentioned a couple days ago that we finished renovations on The Trifecta House, and I’m thrilled with how this one turned out… While I haven’t done the final tally of the expenses, I believe we’re within a hundred dollars of our budget (and possibly under), and from a schedule standpoint, while the house was […]

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House #22: Rehab Complete

February 11, 2011

We finished the renovations on The Trifecta House today…well, we got within about an hour of finishing… Our original plan was to have it on the market for this weekend, but with the bad weather we’ve been having and the HOA issues from earlier in the week, we got a bit behind schedule. So, in […]

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House #22: HOA Resolution

February 9, 2011

I posted last week about the fact that the HOA for The Lake House (which is also the HOA for The Leak House and The Trifecta House) had complained that we painted the house without getting approval for the exterior colors… Turns out their main concern was that the house trim was painted white, as […]

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