From the category archives:

Houses

House #1: Final Analysis

April 29, 2011

We closed on The Corn House yesterday… For those following this blog since the beginning, you may recall that this was the very first house we purchased, more than two-and-a-half years ago. Back when we were originally considering this property as our first investment, my wife and I said to each other, “The goal is […]

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House #21: We Own It

April 28, 2011

After about 4 months of waiting for the seller (the bank) to come up with a valid deed, it looks like we will finally be closing on The Leak House today… After we’ve been absolutely patient and undemanding for four months, now that the seller is ready to close, they are frantically putting pressure on […]

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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 is […]

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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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House #1: Appraisal

April 18, 2011

We just got the appraisal back for The Corn House, and I’m thrilled to say that it came in $2500 above the contract price… I was seriously concerned about this particular appraisal, as there aren’t a lot of comps in the area, and this is the same appraised value that we received about a year […]

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House #23: Inspection

April 15, 2011

The buyer of The Horsey House had his inspection today… As I suspected, with the house only being 8 years old and us doing a nearly full cosmetic remodel, there were very few issues found. A missing light socket in the garage, a couple doors that don’t latch as easily as they should, a storm […]

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House #1: Re-Inspection/Appraisal

April 13, 2011

The Corn House sale is moving along smoothly, and assuming there are no hiccups with the appraisal value or the underwriting, I’m hopeful that we’ll get this one closed within the next two weeks… Because the buyer is using a public loan program for financing, any inspection issues that were identified during the inspection had […]

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House #23: First Contract

April 9, 2011

The Horsey House has been listed for about two weeks now, and while we’ve gotten some qualified potential buyers through the house, we haven’t gotten a tremendous amount of interest. I attribute this to several things: We listed the property a good bit higher than we realistically expect to receive, as we wanted to see […]

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House #21: More Delays

April 6, 2011

We’ve been waiting to close on the purchase of The Leak House since January. As I mentioned previously, the bank has been working for nearly three months to get the foreclosure deed in-hand and over to their closing attorneys, and there is no explanation for the delay… Finally, this past week, the bank’s attorney got […]

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House #1: Inspections

April 4, 2011

Things are moving right along on the sale of The Corn House. The buyer is using a down-payment assistance program, which required two separate inspections — one just a basic safety inspection and one a full general inspection. Both were completed last week, and while there were some repairs/issues noted (in the general inspection), there’s […]

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