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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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House #37: Budget Recap

November 30, 2012

The WTF House house been on the market for a couple weeks now and while it’s not under contract yet, we’ve gotten some great feedback and one offer (which likely won’t work out). This house is in a higher-priced neighborhood for the small city it’s in, so it’s getting less traffic than most of our […]

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House #41: Officially Ours / Pics

November 24, 2012

We closed on the purchase of The Rent-Back House last week… While we could easily rehab this one and resell it for a nice profit, we’ve decided to try wholesaling it first. There isn’t a lot of inventory in this area and investors are pretty desperate to find houses. So, we figured that if we […]

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House #38: Staging Pictures

November 20, 2012

We are almost finished rehabbing The Rot House… We’ve completed all the major exterior repairs and all the interior remodeling, and we’ve passed all our county inspections. We may want to do some modifications to the front deck and repair a retaining wall on the side of the house, but decided that we would move […]

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House #40: Ready for Rent

November 17, 2012

The Power House is rehabbed — which was basically replacing the hot water heater, putting in a stove, carpet cleaning, house cleaning, getting pest control, interior paint and some minor exterior repairs — and we’re now looking for a renter. Here are some pictures we used in the rental listing: THE POWER HOUSE: PRE-RENTAL PICTURES […]

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Houses #39 / #41: Craziness

November 13, 2012

After all the drama on The Rent-Back House, I think things are finally resolved… The 2nd lien holder today agree to accept the $2800 payoff (instead of $4300), and the sellers want to close in 48 hours! So, we’re trying to get this one closed on Thursday of this week… So, I’ve decided to revert […]

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