From the category archives:

Houses

House #50: Contract To Buy

May 22, 2013

We’re scheduled to close on House #51 this week… This one is in a new market we’re working in, and we’re actually getting ready to pick up several new deals in this market over the next few weeks. Here is how we anticipate the numbers will break down for this one:

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Houses #48-50: Financials

May 20, 2013

I mentioned a couple weeks ago that we picked up Houses #48-50…here are the estimated financial results for each of these properties based on our initial analyses:

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House #42: Final Analysis

May 6, 2013

We closed on the sale of The WI-2 House last week… We originally anticipated a resale value of about $235K, but as we were working on the project, our agent kept revising that number upwards. Ultimately, we listed it for $264,900 and within 7 days, received an offer for $268,000. We made a nice profit […]

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House #40: WANNA BUY IT???

May 5, 2013

We’ve been holding onto The Power House since November, trying to decide if we want to rent it or sell it. When we list it for rent, we get a tremendous amount of interest, but we keep deciding that we really don’t want to be landlords right now. So, it’s still vacant and we’ve finally […]

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House #42: Budget Recap

May 3, 2013

The WI-2 House is getting sold today, and it wasn’t until this morning that I wrote my (hopefully) final check. We had some last minute foundation drainage issues that were exposed after three solid weeks of pouring rain — luckily, my foundation guys were able to get in there on an hour’s notice, and spent […]

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Houses #48, #49, #50

April 30, 2013

We just picked up our 48th, 49th and 50th houses over the past couple weeks! Due to the volume of houses we’re getting ready to purchase and rehab, I’m not going to have as much time to post all the details of each house. But, I will try to include some pictures, some budget breakdowns […]

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House #42: First Contract

April 8, 2013

After just 5 days on the market, we received our first offer and now have The WI-2 House under contract… The offer was over asking price, very clean with few concessions. We had several other interested buyers as well, so had this offer not come through, it’s likely we would have found a couple others. […]

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House #42: Staging Pictures

March 29, 2013

The WI-2 House is completed and listed for sale… The project went very smoothly and it turned out great! The bulk of the work was in the kitchen — here’s that transformation: Here are all the Staging pictures from this renovation: The WI-2 House: Staging Pics We still need to paint the exterior and do […]

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House #47: Final Analysis

March 24, 2013

We closed on the sale of The Divorce House today… This was a pure wholesale deal — I never even saw the property! The buyer was the same investor who purchased The Retail House and plans to hold it as a rental. Given that I never saw the house, there’s not much I can really […]

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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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