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House #24: Final Analysis

July 1, 2011

We closed on The Wrong House today… (see all the financial results below) This was a wholesale deal (which I bought it and sold it to another investor for a small markup without doing much of any rehab work). We got our first offer on this house last month, and we agreed to give the […]

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House #21: Appraisal Came in Low

June 29, 2011

It doesn’t happen very often (especially these days), but the appraisal on The Leak House came in lower than the sale price… I can’t say I’m too surprised. We were under contract at full-price ($110,000), and I knew from the time we listed it for sale that the appraisal was unlikely to come in that […]

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House #24: Second Contract

June 28, 2011

Yesterday, I posted about how we just put The Wrong House back on the market after a failed contract, and about an hour after I put up that post, we received another offer. We countered and had an accepted contract about an hour later… The investors apparently hadn’t seen the property at the time they […]

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House #24: Back on the Market

June 27, 2011

We were supposed to close on The Wrong House last week, but it didn’t end up happening…it’s an interesting story, and I still am not sure exactly what happened… While we were pretty adamant that we wanted a cash buyer, we found an investor (who was also a licensed real estate agent) who offered to […]

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House #18: First Contract

June 25, 2011

We put The Haggle House under contract to sell today, after about a month on the market… This one was tough to get under contract simply because we didn’t get a whole lot of traffic through the property. The house is about 100 yards over the border into a county that is further from the […]

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Real Estate License

June 22, 2011

I passed the Georgia real estate licensing exam today! Given that it was exactly one year ago (to the day) that I started the licensing course, it’s about time… 🙂 I’m not really sure why I decided to get my license or what I’ll use it for; as most of you probably know, my wife […]

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Branching Out The Business

June 19, 2011

With The Horsey House now sold, The Leak House and The Wrong House under contract to sell in the next two weeks and The Haggle House listed for sale, we’ve essentially run out of work to do on our own properties. We’ve made quite a few offers over the past couple weeks, but haven’t gotten […]

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The Silver House: No Go

June 17, 2011

Looks like we won’t be purchasing The Silver House after all…at least not based on our original contract… The seller has had issues getting clear title (my guess is that they put off filing the foreclosure deed and are just getting around to it), and we don’t want to wait. Normally, we wouldn’t mind giving […]

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House #21: Inspection

June 15, 2011

I’ve been on vacation, so it’s been about a week since I posted…sorry about that! The Leak House went under contract last week, and the buyers had their inspection over the weekend. As we hoped, the inspector didn’t find anything major, and the buyers only asked for several minor issues to be repaired. This includes […]

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House #23: Final Analysis

June 8, 2011

We closed on The Horsey House today… (see all the financial results below) I was confident from the beginning that this would be a very profitable deal, though I had it in the back of my mind that the deal seemed a bit too good to be true, and was always waiting for something to […]

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