From the category archives:

Houses

House #3: Finally Closed

September 19, 2008

It’s taken nearly five weeks, but I was finally able to close on The Second Chance House today. Closing has been pushed back several times — it was originally scheduled for August 29 — and all parties involved have been getting a little frustrated. But, I’m meeting my GC first thing Monday morning, and I […]

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House #2: Under Contract

September 17, 2008

Well, I didn’t think I’d be writing this post so soon after yesterday’s post (about The Bulge House getting listed on the MLS), but as of about 8 hours after the listing went live, the house was under contract! The potential buyer was looking at another property listed by my agent, but when it turned […]

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House #2: Purchase/Rehab Costs

September 16, 2008

Now that The Bulge House is officially on the market, I decided to do my final accounting to determine how much I’ve spent to both purchase and rehab this property (which I can then use to model my profit based on my holding and selling costs). While I didn’t define a formal budget for this […]

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House #2: Staged for Listing

September 15, 2008

My wife — the amazing woman she is — spent the entire weekend staging The Bulge House in preparation for it going on the market today. This was quite a feat, considering that four days ago, we didn’t have any staging furniture, accessories or materials. But amazingly, it all came together in about 48 hours. […]

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House #2: The Last 10%

September 11, 2008

Everyone in this business has reminded me that the last 10% of any project is the hardest (and takes the longest). Now that I’m down to the last 10% of The Bulge House, I’m really starting to understand that. Part of the problem on this house is that I was originally planning to rent it, […]

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House #3: Going to Closing

September 10, 2008

It’s a week and a half past the contractual closing date on The Second Chance House, and the bank finally got clear title and the go-ahead to close. In the past two weeks, two other things have happened: It appears someone came in and stole the air conditioning unit from the property. While my purchase […]

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House #2: Almost “After” Pics

September 8, 2008

I was hoping to post the AFTER pictures of The Bulge House today, but a lot has happened over the past 48 hours (both good and bad), and it appears the house isn’t completely “after” just yet… Here are the almost after pics… And here are the before pics, to refresh your memory… There are […]

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House #2: Down to the Wire

September 5, 2008

Unfortunately, for the first time since the beginning of May, I missed posting an entry on my blog on a weekday (I’m sure you noticed that there was no posting on Thursday ;). While I certainly have plenty to write about, the past three days have been the busiest in recent memory; and it’s all […]

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House #2: Rehab Progress

August 29, 2008

As mentioned in a previous post, The Bulge House will be used as a rental for a family member, and from closing to move-in, I have 2 weeks to get the place ready. This includes getting the major things fixed (A/C, Furnace, Water Heater, Roof), getting the finishings completed (new lights, fans, appliances, doorknobs, bathroom […]

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House #3: Scope of Work

August 26, 2008

With The Second Chance House past its due diligence period (and thus almost officially mine), I’ve spent the past few days walking through the property with my wife and putting together a Scope of Work that will be used to convey details of the project to my contractors. This is likely going to be a […]

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