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House #23: The Horsey House

February 27, 2011

We just put our 23rd house under contract to buy, and it appears to be one of the best deals we’ve gotten to date (hopefully I’m not speaking too soon!)… The house is on a relatively busy street and not in a subdivision (two downsides to reselling it), but is very close to the subdivision […]

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House #20: Final Analysis

February 25, 2011

We sold The Lake House the other day (statistics and financial results below)…it’s was a quick project that didn’t require much work and barely generated our minimum profit target — but we’d do it again in a heartbeat… As I’ve mentioned, this is the first of three properties we’ve purchased in this subdivision. All three […]

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House #22: First Contract

February 23, 2011

The Trifecta House has been on the market for about a week now, and we’ve already received three offers (and several other great showings where the agents indicated that may put in an offer). Two of the three offers were good enough to seriously consider… The first offer was a good offer, but unfortunately, the […]

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House #22: Budget Recap

February 20, 2011

The Trifecta House has been on the market for about 5 days now, and we’ve gotten tremendous interest over the past several days, including our first two offers (which haven’t been negotiated yet, so I don’t want to talk about them publicly)… In the meantime, I wanted to post my (so far) final budget numbers […]

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House #21: Still Waiting

February 16, 2011

We’ve had The Leak House under contract to purchase for over a month now, and we still don’t have a firm closing date… Apparently, the bank hadn’t filed the foreclosure deed at the time I put the house under contract, and while it’s now been filed, the county still hasn’t finalized its recording, so they […]

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House #22: Staging Pictures

February 13, 2011

I mentioned a couple days ago that we finished renovations on The Trifecta House, and I’m thrilled with how this one turned out… While I haven’t done the final tally of the expenses, I believe we’re within a hundred dollars of our budget (and possibly under), and from a schedule standpoint, while the house was […]

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House #22: Rehab Complete

February 11, 2011

We finished the renovations on The Trifecta House today…well, we got within about an hour of finishing… Our original plan was to have it on the market for this weekend, but with the bad weather we’ve been having and the HOA issues from earlier in the week, we got a bit behind schedule. So, in […]

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House #22: HOA Resolution

February 9, 2011

I posted last week about the fact that the HOA for The Lake House (which is also the HOA for The Leak House and The Trifecta House) had complained that we painted the house without getting approval for the exterior colors… Turns out their main concern was that the house trim was painted white, as […]

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House #20: Closing Scheduled

February 6, 2011

The Lake House has been under contract for a little over a month now, and we now officially have our closing scheduled for February 23… Both appraisals came back above the purchase price, and the buyer’s inspection went off without a hitch (they asked us to fix two extremely minor issues and we did), but […]

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House #20: HOA Issues

February 3, 2011

I was talking with a fellow investor the other day about the fact that I don’t post enough about the mistakes I make in my business anymore; I used to devote about 50% of this blog to the mistakes we were making and the things we were learning. While it’s true that — after a […]

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