From the category archives:

Houses

House #38: Budget Recap

January 14, 2013

The Rot House is scheduled to sell this week, and before we conclude this project, I wanted to provide some final numbers on the budget. This project went smoothly, and we came in a good bit under our preliminary budget estimate of $50,000. The bulk of the savings came from the termite damage and wood […]

2 comments Read the full article →

House #37: First Contract

January 9, 2013

The WTF House has been on the market for several weeks now, and we’ve had 5 offers on it to date. We finally got one of them to stick and we’re under contract! The house is under contract at full price (several of the offers have been full price) and the buyer is well-qualified. The […]

8 comments Read the full article →

House #43: The Tear-Down House

January 6, 2013

We’re not normally ones to partner on local deals and we’ve never been interested in venturing to downtown Atlanta, but a good friend and investor-colleague of ours asked if we wanted join him in big project that could likely end up as a tear-down/rebuild in downtown Atlanta, and for some reason, we said yes… 🙂 […]

6 comments Read the full article →

Update for 1/2/2013

January 2, 2013

Happy New Year! I haven’t written much the past couple weeks, as I’ve been traveling and working on finishing up the book I’m writing (stay tuned!)… I did want to provide a quick update on all the houses: House #36: The WI-1 House The WI-1 House has gotten a decent amount of showings, and a […]

5 comments Read the full article →

House #42: Preliminary Budget

December 19, 2012

We closed on the purchase of The WI-2 House yesterday and I’m spending much of today meeting with contractors to determine exactly what renovations we’re going to do and getting bids on the work… Right now, it appears that we’ll be doing some major reconfiguration of the kitchen and breezeway areas (I’ll post some drawings […]

18 comments Read the full article →

House #38: First Contract

December 17, 2012

It took about three weeks, but we received our first offer and are now under contract on The Rot House… The offer was a very good one (just under full list price) and the buyer is a local real estate agent, so she’s been very easy to deal with and we know she’s serious about […]

2 comments Read the full article →

House #36: Budget Recap

December 14, 2012

The WI-1 House house been on the market for about a week now. We’ve had a few great showings and hopefully we’ll get an offer before the weather gets too bad up in Wisconsin. This project was crazy in many respects, the biggest of which was probably the budget. We originally budgeted $95K for the […]

9 comments Read the full article →

House #42: The WI-2 House

December 11, 2012

About 2 hours after we officially finished up rehab on The WI-1 House and got it listed, we got our second Milwaukee house under contract to purchase… This one is in the same neighborhood as The WI-1 House — in fact, it’s about 100 yards away! The house is a good bit different than The […]

12 comments Read the full article →

House #36: Done! Pictures!

December 8, 2012

Wow! It’s been 5 months since we purchased The WI-1 House and about 4 months since we started rehabbing (the first month was spent getting drawings and permits). This is by-far the biggest and most expensive project we’ve done, with rehab costs coming in at over $120,000. But, the transformation is amazing, and I’m thrilled […]

4 comments Read the full article →

House #41: Final Analysis

December 7, 2012

We wholesaled The Next-Door House earlier this week for a profit of over $18,000… While our primary business is rehabbing and reselling houses to owner occupants, we’ll never turn down a good business opportunity, and that’s what this sale was. The market here in Atlanta is crazy these days — very little inventory and lots […]

7 comments Read the full article →

← Previous Entries

Next Entries →