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House #36: Rough Inspections

October 8, 2012

Last week was a pretty frustrating week for me, especially on The WI-1 House. I asked my electrician, plumber, HVAC guy and carpenters to have their rough inspections completed by Wednesday, in hopes that it would actually get completed by end-of-week, so we could start insulating today (Monday)… Well, electrical and plumbing got completed before […]

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House #38: Delays & Pictures

October 4, 2012

We closed on The Rot House at the end of last week, and demo started this past Monday. In fact, due to the bad weather, my GC had his entire crew working on demo and the entire house was stripped (all flooring, cabinetry, lighting fixtures, plumbing fixtures, etc, removed) within 3 hours. So, rehab started […]

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House #39: Issues Resolved

October 2, 2012

EDIT (Nov 12, 2012): Turns out the issues on this house aren’t yet resolved, so this house is no longer #39. A few weeks ago, I mentioned The Rent-Back House, and how we had it under contract before learning from the seller that they had a second mortgage that hadn’t been addressed during the short […]

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House #35: Budget Recap

September 27, 2012

We are almost ready to close on the sale of The Rookie House, and we’ve finally finished all the accounting… (see budget comparison below) While we were about 2.5% over budget on this one ($2000 over), I’m pretty pleased. About a week into the project, an air quality test revealed that there was a mold […]

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House #38: Preliminary Budget

September 25, 2012

It looks like they got the second mortgage fiasco figured out on The Rot House, and we’ll be closing that one (hopefully) by the end of the week. Which (again, hopefully) means we’ll be starting renovations at the beginning of next week… Here’s what our preliminary budget looks like: My goal is to keep this […]

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House #37: Framing Pics

September 24, 2012

We’ve finished demo, framing, rough plumbing/electrical/HVAC and sheetrock on The WTF House, and we’ve passed all of our rough inspections…so things are moving along nicely… We decided to do a small amount of reconfiguration in the kitchen area, both to get rid of all the archways in the sheetrock and to open the space up […]

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House #36: Exterior / Framing Pics

September 21, 2012

I spent the beginning of this week up in Milwaukee working on The WI-1 House… We ran into a bunch of logistical issues last week, and I decided it would be more efficient to just spend a few days up there sorting things out rather than trying to get everything done from 1000 miles away. […]

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House #34: Final Analysis

September 18, 2012

We sold The Mirror House today… Other than the fact that we had to hold this property for three months (due to restrictions by the short sale lender when we bought it), this was a pure wholesale deal. The buyer is an investor friend of mine who holds rentals, and I have a feeling this […]

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House #36: Budget/Rehab Update

September 14, 2012

We’ve been working on The WI-1 House for about 3 weeks now, and it’s been a mix of good and bad… On the bright side, most of the contractors that we’ve brought in have been fantastic — they have been reliable, hard-working and high-quality. Unfortunately, we’ve run into a few issues with the house that […]

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House #38: Here We Go Again

September 12, 2012

I posted yesterday about getting House #38 (The Rot House) under contract… That was actually supposed to be House #39, and House #38 was supposed to be The Rent-Back House, but if you were following along last week, you know that The Rent-Back House had some title issues from a second mortgage that wasn’t mentioned […]

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