From the category archives:

Houses

House #9: First Offer

July 16, 2009

We received our first offer on The Hat Trick House today. After dropping the price last week, we’ve gotten a good bit of traffic through there, so I’m not surprised that we found someone interested. The offer is actually quite interesting… The buyer is using a special loan program call NACA, which is a non-profit […]

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House #6: Dead Deal

July 12, 2009

We got the 3rd appraisal back on The Red Garage House, and it came in well-below the purchase price… While this was disappointing, it gave us the impetice we needed to just kill this deal once and for all. After nearly three months of underwriting hell, dealing with idiot mortgage brokers and a buyer who […]

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House #11, #12: Rehab Progress

July 9, 2009

Just a quick update on the progress of the two rehabs underway… House #11: The Sunglasses House We made great progress at The Sunglasses House today, with three crews of contractors working from sun-up til sun-down. The old roof came off and the new roof went on, the polybutylene plumbing was torn out and completely […]

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House #11: First Offer

July 8, 2009

We officially got our first offer on The Sunglasses House today, despite the fact that we’re still a month away from finishing the rehab… The offer came from our project manager (my brother) and his fiancee, who have been looking for a new home for themselves for several months now. In fact, they’ve put in […]

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House #9: Price Reduction

July 5, 2009

I’m thrilled to say that in all the time we’ve been doing this, we’ve yet to have to reduce the list price of a house that we’ve put on the market. But, unfortunately, that streak came to an end this weekend… We dropped the list price on The Hat Trick House from $109,900 to $99,900. […]

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House #6: 3rd Appraisal

July 3, 2009

As mentioned the other day, The Red Garage House is going through its 3rd appraisal… The appraiser came out to the property on Thursday morning, and spent about an hour making sure things worked, taking measurements, taking pictures, and asking questions. We chatted about the renovations we did, he asked about the cost of the […]

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Rehabs, Inspections, Rehabs

July 2, 2009

Renovations are well underway on both The Mini House and The Sunglasses House, and I’m happy to report that a week in, both projects are still on-schedule and on-budget. We actually had an interesting experience today over at The Sunglasses House…a county code enforcement inspector (the same inspector we had for The Second Chance House, […]

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House #6: The Saga Continues

July 1, 2009

In a recent post, I mentioned the continued underwriting drama surrounding The Red Garage House. I was pretty angry when I wrote that post (specifically about the mortgage broker incorrectly ordering the appraisal), but I’ve quickly transitioned from pissed off to a state of complete apathy over this particular deal. In fact, it’s so ridiculous […]

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House #12: Officially Ours

June 30, 2009

We closed on the purchase of The Mini House today… After last week’s last-minute fiasco of finding out the house was in a floor plain, we spent two day scrambling to get surveys, elevation certificates, and flood insurance. In the end, the news was actually pretty good. While the entire area was moved into a […]

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Update for 6/26/2009

June 26, 2009

Here’s my end-of-the-week update on all our houses…it’s a quick one, but after this long, long week, I don’t have a lot of energy to write… House #1: The Corn House Nothing new with this house…just looking forward to collecting our third (on-time) rent check… House #6: The Red Garage House I’m so angry that […]

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