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House #19: Week 3 Update

November 7, 2010

We’re about two-and-a-half weeks into The Flood House rehab, and things are still on schedule and budget… The drywall installation completed a few days ago, and on Friday we had 17 doors delivered and installed. Yesterday, we got several windows replaced, and all the new baseboard and trim installed. We realized that our budget had […]

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House #19: Week 2 Pictures

November 3, 2010

We are at the end of week two for The Flood House rehab, and so far, we’re pretty much on-schedule and a bit ahead of budget… After completing all the demo, rough plumbing, rough electrical and inspections during week one, we’ve spent week two doing mold remediation, installing insulation, and hanging/finishing drywall. The mold remediation […]

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House #18: Refi’ed / Rented

November 1, 2010

The Haggle House is officially occupied — the new tenant has done her walk-through, paid her first month’s rent and is in the process of moving in… In addition, after purchasing with all-cash and making repairs with our own funds, we’ve refinanced and pulled out about 75% of our total costs; now that we only […]

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House #19: Week 2 Update

October 28, 2010

The week started off a little frustrating at The Flood House with the extra work required for the mold remediation, but after several days of hard work, it appears we’re still on schedule… The mold remediation took about two days — the first day to spray the anti-microbial and the second day to encapsulate the […]

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House #19: Mold Remediation

October 25, 2010

After making great progress on The Flood House last week, we ran into a small snag this week… Part of our conditions for receiving a Certificate of Occupancy from the County when the rehab is complete is getting a letter from a mold testing company indicating that there is no mold in the house. Last […]

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House #14: Final Analysis

October 22, 2010

We sold The Pine House yesterday…and the analysis of this project is probably more interesting than any we’ve done yet… Here’s the quick overview of this project: We made mistakes every step of of the way! Here’s the longer version: First, we overpaid for the property. We originally set our maximum purchase price for this […]

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House #19: Week 1 Update

October 21, 2010

We closed on The Flood House on Tuesday, after a week of frustration dealing with the bank/seller and their closing attorneys… On the bright side, the extra week gave us an opportunity to get all of our contractors scheduled and ready to go. As per our project schedule, as soon as we closed, our GC, […]

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2010 Battle of the REI Blogs

October 18, 2010

Patrick Riddle, founder of MustKnowInvesting.com, is hosting the 2010 “Battle of the REI Blogs” this week. Basically, the top real estate investing bloggers have been assembled to compete to see whose blog is #1 in the eyes of our subscribers. As of now, 123Flip.com is up against 12 other real estate investing blogs. If you […]

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House #19: Schedule

October 15, 2010

Unfortunately, the closing on the purchase of The Flood House has been pushed back for the third time — we’re now scheduled to close next Tuesday. In the meantime, we’ve finalized our budget (check it out here) and have put together a preliminary schedule for the rehab. Assuming there aren’t any major inspection issues or […]

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House #18: Rented

October 13, 2010

We’ve gotten a lot of interest from potential renters for The Haggle House since we finished the rehab and put it on the market about three weeks ago… In total, we probably had about two dozen showings, got about a half dozen applications, and ultimately found two potential renters that met all of our criteria. […]

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