From the category archives:

Houses

House #11: Final Analysis

October 16, 2009

We closed on the sale of The Sunglasses House today! As you might recall, this house has been under contract since renovation began; my project manager (who is my brother) and his fiancee decided they wanted to buy the house, and spent the better part of the past three months customizing the house for their […]

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House #11: Almost Gone

October 13, 2009

As I mentioned a couple weeks back, my buyer for The Sunglasses House got screwed on his financing (his broker made a mistake), and they had to start the process over with a different lender and a different underwriting strategy. This time, the broker seemed a good bit more careful, and it looks like we’re […]

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House #12: Appraisal Woes

October 7, 2009

The Mini House been under contract for a while, but because of the FHA 90-Day Rule, we weren’t able to move forward with the financing and underwriting until about two weeks ago. Unfortunately, in that time, we’ve gotten some bad news… The first appraisal on the property came back at about $30K below the purchase […]

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House #13: Rehab Pictures

October 5, 2009

We’re about a week and a half into the rehab on The Poor House, and while things are going a bit slower than I had expected, I’m very pleased with the work. We brought in our GC from The Sunglasses House to do the bulk of the exterior and basement work, and so far, things […]

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House #11: Final Pictures

October 4, 2009

The rehab on The Sunglasses House finished a few weeks ago, and we finally had our house cleaner in there this week to get it ready for the new buyers. The rehab was a tremendous success; after spending over $65K on renovations, we completely remodeled both the interior and the exterior of the house. On […]

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House #6: Final Analysis

October 2, 2009

As of a couple hours ago, The Red Garage House is officially sold! This was a long and sometimes frustrating project, mostly from the perspective of trying to sell it. In all, we had dozens of interested buyers, six formal offers, three contracts, and of the six months it was for sale, it was actually […]

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House #13: Day 1 Rehab

September 29, 2009

As I mentioned earlier, The Poor House just started renovations. On the first day of rehab, we had a few trees removed, the roof came off, all the moldy drywall was removed from the basement, and the waterproofing company came in to tear up the concrete around the entire house and install a gravity drain. […]

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House #13: Rehab Underway

September 27, 2009

We closed on The Poor House this past Thursday, and after some confusion at the closing table (my wife was still in the hospital and needed to sign some papers), the house is now officially ours. Which is good, because renovations were getting underway the day after closing, whether we officially owned it or not… […]

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Atlanta Flooding

September 23, 2009

If you’re been following national weather news, you probably know that Atlanta has seen some serious rain and flooding in the past few days. Worse yet, what they’re calling “Ground Zero” for the flooding is right-smack-dab in the middle of where we do all our investing. But, I’m happy to report that all of our […]

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House #8: Final Analysis

September 18, 2009

We closed on the sale of The 16-Bid House today. It was a partial rehab and quick resale to another investor. Below is a final analysis of the deal, including financial results and statistics… Timelines Despite the fact that it took over six months to get the purchase of this property closed, the rehab and […]

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