1-2-3 Flip : Page 46

House #12: Upping the Ante

January 11, 2010

The Mini House has been under contract for 10 weeks now. We’ve repeatedly told the buyer’s agent that the mortgage broker was not on top of things, and that if she didn’t take control, this deal would never close. She has repeatedly said that she trusts the broker and that things are under control. Well, […]

8 comments Read the full article →

House #16: Contract to Buy

January 9, 2010

It’s official, we now have The Probate House under contract to purchase… I’ll have more to say next week, and will also post some pictures. In general though, I think our plan is to do some very minor rehab to this house (clean up the trash, repair some exterior siding/trim, remediate some minor mold, etc) […]

4 comments Read the full article →

Staging #3: Pictures

January 6, 2010

My wife finished her third official staging project about two weeks ago… The property was a low-end condo in the Buckhead area of Atlanta. Because the list price is relatively low, the investor she was staging for didn’t want to spend very much on the staging, so they agreed to do just a basic staging […]

9 comments Read the full article →

MH #4: Sold

January 5, 2010

I mentioned a week or two ago that we purchased Mobile Home #4…and as of today, it’s sold… Basically, all we did in terms of rehab was to clean out all the trash, remove the disgusting refrigerator, and bring in someone to scrub the place down. In total, we spent $130. One of my partners […]

8 comments Read the full article →

House #13: Dead Deal

January 4, 2010

If you’ve been following the saga of The Poor House, here’s the next chapter… After telling his agent that he would meet with her to discuss getting the purchase back on track, the buyer again stopped returning her phone calls. As somewhat of a friend to the buyer, she even went to his house to […]

7 comments Read the full article →

House #16: The Probate House

January 3, 2010

I’m not going to go so far as to say that we have our next house under contract, but I’m hopeful. I mentioned a couple months back that we were talking to a woman whose mother passed away and who had inherited a house… After not hearing back from the woman for a couple months […]

0 comments Read the full article →

Update for 12/31/2009

December 31, 2009

Just a quick update after my post from the other day, where I complained about all the issues with our closings this week (thanks for all the feedback, btw!)… As for the two houses we’re scheduled to buy — The Pine House and The Neighbor House — there is no new information. Neither closing has […]

2 comments Read the full article →

Disappointing Week

December 30, 2009

It’s been one of those weeks where I really wish I wasn’t in this business… We were scheduled to have four closings this week — the sale of The Poor House and The Mini House and the purchase of The Pine House and The Neighbor House — but it looks like we’re not going to […]

13 comments Read the full article →

House #14 / #15: Before Pics

December 23, 2009

As promised, here are some BEFORE pictures of the two houses we put under contract in the past two weeks… The Pine House (see BEFORE pics) is in need of a full renovation, including some major mold remediation and a full cosmetic rehab on both the interior and exterior. The Neighbor House (see BEFORE pics) […]

0 comments Read the full article →

Update for 12/21/2009

December 21, 2009

I haven’t had a chance to post in a couple days because I’ve been out of town, so I thought I’d give a quick update on everything we have going on these days… House #1: The Corn House Nothing much new with The Corn House. The lease-purchase tenants are consistently paying their rent, and their […]

4 comments Read the full article →

← Previous Entries

Next Entries →