From the category archives:

Houses

House #23: Selling Drama

May 30, 2011

We were supposed to close on the sale of The Horsey House several weeks ago (May 9, to be specific), but unfortunately, there has been a tremendous number of last-minute underwriting issues that have held things up, and could ultimately keep us from closing at all… It’s rare that we get held up in underwriting […]

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House #21: Budget Recap

May 23, 2011

As of last week, The Leak House rehab is complete and the property is on the market. It was a pretty straight-forward project — other than the burst pipe that we didn’t know about, the rest of the rehab went quickly and smoothly… If you recall, our original budget goal for this rehab was $20,000, […]

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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 […]

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House #24: More Info

May 18, 2011

We closed on The Wrong House last week, and after giving it a fresh coat of interior paint to make it move-in ready (or rent ready), we’ve listed it for sale… Here are some pictures (before the painting): The Wrong House This one is currently being marketed to investors, both through the MLS, on Craigslist […]

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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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House #21: On The Market

May 13, 2011

We completed the rehab on The Leak House yesterday, got it staged today, and it’s getting listed for sale this evening: Here are the final pictures — you’ll notice that many of them are just copies of the pictures of The Trifecta House — this is because the houses are the same layout, same finishes […]

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House #21: More Leaks

May 7, 2011

Turns out that the name The Leak House was very appropriate for House #21… We originally called it that due to the leak in the roof that had caused a bunch of sheetrock damage and had likely scared away lots of other buyers. But, it turns out that wasn’t the only leak that this house […]

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House #23: Appraisals

May 5, 2011

Our buyer’s lender has had two appraisals on The Horsey House, and I’m thrilled to report that both came in above the contract price…so it appears that the last major hurdle for this transaction has been cleared! I always pull comps before the appraisals, so that I can give a few to the appraiser to […]

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House #24: The Wrong House

May 3, 2011

We have verbal acceptance on our next house — House #24 — and we expect to have it formally under contract in the next day or so. It’s actually pretty amusing how we ended up with this house… It’s on a small street of about 10 houses that we drive past all the time. The […]

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Lessons Learned On House #1

May 1, 2011

Now that we’re finally closed on The Corn House (House #1), I took some time and put together a list of the Top 10 mistakes we made and lessons learned on this first investment of ours. Top 10 Lessons Learned on House #1 If you have any of your own lessons to add (or have […]

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