From the category archives:

Houses

House #5: Final Analysis

April 24, 2009

As of a couple hours ago, The DIY House is officially sold! This entire project has been insightful, fun, and rewarding — both financially and just from the perspective of renovating a relatively big house. This is the first major rehab we’ve done without a General Contractor, and we’ve quickly realized that managing the projects […]

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House #6: Appraisal, Inspection

April 22, 2009

The buyers for The Red Garage House had their appraiser and inspector come out to the house this evening, and they said they’d love for us to be there with them during the appraisal and inspection. Of course, we were happy to attend… The appraiser came by first, spent about 15 minutes at the property, […]

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House #9: Officially Ours

April 20, 2009

We closed on the purchase of The Hat Trick House today… It’s been a long day, so I won’t go into too much detail, but I wanted to lay out the basic rehab plan, schedule, and budget for this project. Here’s a nice bulleted list of the important points for this rehab: – My brother […]

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Update for 4/17/2009

April 17, 2009

It’s been an amazingly relaxing week…probably the most relaxing I’ve had since we started this business… For the most part, we’re out of houses to work on. Most of them are under contract waiting to sell or under contract waiting to be bought, and other than looking for more houses, doing some book-keeping, paying some […]

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House #6: First Offer

April 16, 2009

After our full-priced sale on The Second Chance House earlier this week, and our expected near-full-price sale of The DIY House next week, I was beginning to wonder if we’ve been getting extremely lucky, or if we’re just doing stuff extremely right (probably both). Well, today we received another full-priced offer (okay, a few hundred […]

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House #7: No Go

April 15, 2009

I mentioned last week that we received a second offer on The Roach Duplex. Based on the fact that the buyers were treating this purchase from the perspective of an owner-occupant (while this property is clearly geared towards an investor with some rehab experience), I was skeptical that it would ever get through due diligence. […]

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House #5: Appraised

April 14, 2009

It’s been over a week since we had the appraisal done on The DIY House. Based on what I wrote in that post last week, I’ve been very skeptical that the house would appraise for the selling price, despite the fact that it still appears to be priced well below market. I found out last […]

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House #3: Final Analysis

April 13, 2009

As of this morning, The Second Chance House is officially sold! Between schedules running over, losing marketing time due to the holidays, and having the first offer fall through after 2 months under contract, we’ve been holding this property for a long time — over 200 days. But, in the end, we received a full-price […]

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Update for 4/10/2009

April 10, 2009

Wow, so much going on, and not enough time to write…looks like this is going to be another overall update to bring everyone up to speed: House #1: The Corn House The Lease Purchase tenants at The Corn House moved in last week, and sent us a very nice email just the other day. They […]

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House #7: Second Offer

April 7, 2009

We just got our second offer on The Roach Duplex (which again, is no-longer a “roach duplex”)… While a little bit weird, it was a full-price offer. The weird part of the offer is: – Buyer is requesting 7 days due diligence – Buyer has a financing contingency – Buyer has an appraisal contingency While […]

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