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House #23: Rehab Complete

March 24, 2011

I can’t believe it’s already Thursday! It’s been a crazy, crazy week with the houses, and I just realized that I haven’t posted anything in several days. On top of that, I have the flu, so I don’t have the energy to put together anything more than a quick update on The Horsey House… As […]

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House #1: First Contract

March 19, 2011

The first day we put The Corn House on the market, we had a showing (someone who was interested in seeing The Trifecta House after it was under contract)… It took a few days for them to get up the courage to put in an offer (they are first-time home-buyers, have been looking for a […]

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House #23: Underway/Schedule

March 17, 2011

We closed on the purchase of The Horsey House on Monday, about 2 weeks ahead of schedule. Our contractors started work on Wednesday, and things are rolling right along… We expect that renovations should only take about a week, and we’re hoping to get the house on the market for sale by next weekend (March […]

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House #22: Second Appraisal

March 15, 2011

After having the appraiser come out to the house over the weekend, we just received the second appraisal on The Trifecta House, and I’m pleased with the results… The first appraisal came back at $105,000, a little below the contract price (which is $107,000). I was happy with that, given that the best comp was […]

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House #1: Staging Pictures

March 13, 2011

We have The Corn House re-renovated, re-staged and re-listed for sale now that our lease-purchase tenants have moved out after two years… The exterior of the property has undergone a dramatic change. We rebuilt the front steps, painte the exterior and replaced the roof (here is what it looked like before): And here are the […]

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Update For 3/10/11

March 10, 2011

Things have been very slow this week, which is why I haven’t had much to post about. So, I thought I would take this opportunity to give a quick update on each of the properties we currently are working on… House #1: The Corn House With the exception of the second new roof (which is […]

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House #22: Inspection/Appraisal

March 7, 2011

The buyers for The Trifecta House completed their inspections last week and we got the first appraisal (of two) back today… As for the inspection, the inspector found about a dozen minor issues (broken window latches, disconnected hose on washing machine, miswired outlet, etc), two cosmetic issues (missing shelves in the master bedroom closet and […]

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House #23: Pictures

March 5, 2011

As promised, here are pictures of The Horsey House: Horsey House: Before Pictures We’re scheduled to close on the purchase of this property sometime around March 21…I’ll have more to say about our rehab plan, budget and schedule as we get closer to the closing date…

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House #1: Roof Issue

March 3, 2011

I mentioned in my last post that we were undergoing Rehab #2 on The Corn House, now that the lease-purchase tenants have left… While the rehab is going pretty well (we’re trying a new rehab crew on this one, and they’re a bit slower and less meticulous than we’re used to), the one major issue […]

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House #1: Second Rehab

March 1, 2011

After notifying us that they weren’t planning to renew their lease-option, the lease-purchase tenants for The Corn House apparently didn’t want to finish out their current lease (they told us they were leaving in March, when their lease was up), and have vacated the property after two years… The good news is that they left […]

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