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Update for 4/8/2012

April 8, 2012

Things have been tremendously busy the past few weeks, which is why the posting has dropped off, but I wanted to give an overview of where we stand with all our current projects: House #28: The Full House The Full House is now more than 2 weeks past the contractual closing date, and while we’re […]

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Lots of Inspections

March 29, 2012

Our buyers have already had inspections on three of our houses this week: 1. The Full House is scheduled to close on Friday and underwriting came back a couple days ago and flagged the fact that the buyer never did an inspection. Unfortunately, FHA requires inspections, so this was something that needed to be taken […]

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House #32: Three Offers / Contract

March 21, 2012

I haven’t posted any final pictures of The Unexpected House, and that’s because the house hasn’t been photographed or put on the market yet. But, despite it not being listed, we’ve already received THREE FULL-PRICED offers and have accepted one of them… Because we spend a lot of time networking with buyer’s agents in our […]

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House #29: Two Offers / Contract

March 20, 2012

The Ticket House has been on the market for several weeks, and while we’d gotten quite a few showings, nobody was interested enough to make an offer. But, that changed over the weekend, as we got two offers yesterday, and the property is now under contract… One of the offers was near full price, and […]

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House #28: Appraisal Issue

March 14, 2012

The Full House has been under contract for a few weeks now, and we’ve just run into our first major issue — the appraisal come in $10,000 too low! To be fair, it’s not as bad as it seems — we got the house under contract for full price, which was $5,000 more than we […]

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House #30: Final Analysis

March 9, 2012

I mentioned the other day that we had The Easy House under contract as a wholesale deal, and we’re already closed… As part of the wholesale deal, we did some very minor repair work to ensure the property was in working order — we tested the plumbing, replaced the leaking supply valves on both the […]

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House #31: Back to Work (Pics)

March 8, 2012

After a slow start on The Puzzle House, we’ve passed all our preliminary inspections, we’ve gotten the utilities on, and we’re now starting to make some real progress… Here’s an update on our progress, with some pictures: All demo has been completed. We’ve torn out the plywood “faux foundation” that the previous owners installed and […]

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House #30: First Contract

March 7, 2012

We listed The Easy House as a wholesale deal last week, and as expected, we got a ton of interest. Unfortunately, very few of the interested buyers had all cash to buy it outright, and given that we were on the fence about selling it (as opposed to rehabbing it ourselves and waiting three months), […]

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House #31: Slow Progress

March 4, 2012

We’ve already lost much of the first two weeks of work at The Puzzle House, mainly due to difficulty getting the utilities on… When I called to get the power turned on the day of closing, I was told that — because the electricity had been off for nearly two years — I needed to […]

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House #29: Final Pictures

February 29, 2012

We’ve had so many houses going on that I haven’t provided much of an update on The Ticket House, which is already finished renovations and has been on the market for about a week now… We stayed on budget and the house turned out great…here are some final STAGING pictures of the house: The Ticket […]

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