From the category archives:

House #39 – SOLD

House #39: Final Analysis

March 16, 2013

We closed on the sale of The Rent-Back House today… Nothing more to add about the project that I haven’t already mentioned, so let’s jump into the stats and financial details: Timelines Here are the key timeline milestones: Purchase Offer Date: 7/23/2012 Purchase Closing Date: 11/15/2012 Rehab Completion Date: 2/12/13 Sale Listing Date: 2/12/2013 First […]

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Houses #44 / 47: Under Contract

March 9, 2013

We “listed” three houses for sale last week: The Retail House, The Divorce House and The Power House. When I say “listed,” we actually just mailed a flyer to a bunch of agents we know who represent large-scale cash investors and hedge funds who buy in Atlanta. Over the next couple days, we received a […]

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House #39: Lots of Offers!

February 20, 2013

We finished the rehab on The Rent-Back House last week, and listed it for sale last Wednesday… As of yesterday morning, we had about 15 offers, from both cash buyers (investors) and owner occupants. None of the cash offers were full price (though close) and most of the financed offers were well over asking price. […]

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Water Water Nowhere

February 5, 2013

Just a follow-up to my post from last week about the water issues we’ve been having at several houses… I thought the The WI-1 House was fixed, but then during the buyer’s inspection last week, the inspector saw water in the corner of the basement again. It turns out that my roofer only did half […]

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House #39: Budget / Pictures

January 21, 2013

We purchased The Rent-Back House about two months ago, and because there was a 4-month restriction on us reselling it, we agreed to allow the sellers to rent the house back for two months. They just left last week, and I just saw the house for the very first time… While there’s nothing major wrong […]

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Update for 1/2/2013

January 2, 2013

Happy New Year! I haven’t written much the past couple weeks, as I’ve been traveling and working on finishing up the book I’m writing (stay tuned!)… I did want to provide a quick update on all the houses: House #36: The WI-1 House The WI-1 House has gotten a decent amount of showings, and a […]

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Houses #39 / #41: Craziness

November 13, 2012

After all the drama on The Rent-Back House, I think things are finally resolved… The 2nd lien holder today agree to accept the $2800 payoff (instead of $4300), and the sellers want to close in 48 hours! So, we’re trying to get this one closed on Thursday of this week… So, I’ve decided to revert […]

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House #41: The Next-Door House

November 12, 2012

EDIT (11/13/2012): The Rent-Back House debacle that I discuss below finally got sorted out, so *IT* will be House #39 and The Next-Door House will be House #41. I’ve mentioned The Rent-Back House a couple times over the past two months, and was hopeful that it was going to be House #38 and then House […]

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House #39: Issues Resolved

October 2, 2012

EDIT (Nov 12, 2012): Turns out the issues on this house aren’t yet resolved, so this house is no longer #39. A few weeks ago, I mentioned The Rent-Back House, and how we had it under contract before learning from the seller that they had a second mortgage that hadn’t been addressed during the short […]

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House #39: The Rent-Back House

September 8, 2012

This post was supposed to be about the most recent project we got under contract, but now it looks like the deal may not go through… The house is on the same street as The H2O House and was listed as a short sale just a few weeks ago. We put in an offer sight-unseen, […]

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