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House #30 / #32: Before Pictures

February 25, 2012

I’m trying to get caught up on taking and posting pictures, so I’m going to do two houses at once with this post… We closed on the purchase of House #30 (The Easy House) a couple days ago. This one has a 90 day deed restriction, where we can’t resell it for more than 20% […]

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House #28: First Contract

February 22, 2012

It’s been over 6 weeks since we listed it for sale, but we finally got our first contract on The Full House…and I’m happy to say that it’s a full price contract… We’ve had a lot of interest and a couple other offers on the property, but unfortunately, it didn’t appear that they could qualify […]

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House #31: Budget / Schedule

February 20, 2012

We started work on The Puzzle House this morning, and spent a good couple hours with our contractors making final decisions on things like kitchen layout, flooring finishes, moving walls, etc (here are some of the other things we’re up against as well). They should be finishing up demo today and starting to dig the […]

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House #31: Solving The Puzzle

February 16, 2012

I mentioned the other day that we picked up a house we’re calling The Puzzle House. The reason for this name is that the first few times we visited the house, we were very confused about exactly why it was in the shape it was in. I know that sounds cryptic, but we’ll get to […]

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House #32: The Unexpected House

February 14, 2012

I’ve been horribly lazy in posting pictures and updates recently — I still owe BEFORE pictures on The Ticket House, The Easy House and The Puzzle House, and now we have another under contract that I don’t yet have any pictures of. And I haven’t even mentioned the rehab underway on The Ticket House or […]

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House #31: The Puzzle House

February 10, 2012

While we’re still waiting to close on the purchase of The Easy House, we put #31 under contract this past week. This one should be a “fun” project, as it presents some new challenges, is in a new area and will surely provide some great lessons… The reason I call it The Puzzle House is […]

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The 90-Day Restrictions

February 6, 2012

I received a comment from a blog reader the other day asking about a resale restriction on an investment property — from the specific question, it was clear that she was getting a couple different restrictions confused. Given all the various legal and corporate restrictions in place today for investors, it’s not surprising that investors […]

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House #30: The Easy House

February 5, 2012

We picked up our 30th house last week (in the same neighborhood as The Drought House)! This one is a Fannie Mae property that has a 90 day deed restriction — which means we are legally forbidden from reselling it within the first 90 days of ownership for more than 20% above what we purchased […]

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House #29: Preliminary Budget

January 31, 2012

We just purchased The Ticket House yesterday, and rehab is starting tomorrow… Here are my estimates for this project: We’ve already gotten a few of the bids on the project, so I expect that it shouldn’t be too difficult to hit these estimates. The only major surprise I’d be concerned about is the HVAC system…it […]

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House #29: The Ticket House

January 26, 2012

It’s been a long while since we put a new house under contract, but with about 20 offers in over the past two weeks, it was inevitable that we’d get at least a couple… This one is going to be called The Ticket House, given that I got a speeding ticket while entering the subdivision […]

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