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Year 1 Recap!

August 12, 2009

It’s officially been one year since my wife and I started flipping houses. After spending more than a year to research, write our business plan, get familiar with the local real estate market, and get settled back into the East Coast before we started investing, it certainly seems like we’ve been doing this forever. But, […]

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House #6: Second Offer

August 11, 2009

After having The Red Garage House under contract to sell for several months, it’s now been back on the market without an offer for nearly a month. Today we received our second offer (the first offer since many months ago), which is nice considering how many times we’ve gotten positive feedback from buyers on this […]

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House #9: Closing Delayed

August 10, 2009

We were scheduled to close on The Hat Trick House tomorrow (Tuesday). But, apparently the closing attorney is a stickler for the RESPA regulation that states that the buyer must receive the Good Faith Estimate (GFE) at least five business days before the closing. Since the buyer didn’t get the GFE until last Thursday, we […]

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House #12: First Offer

August 9, 2009

The Mini House has been on the market for about two and a half weeks, and — despite the fact that it isn’t even staged yet — we’ve gotten a lot of interest from potential buyers. This weekend, we received our first offer on the property. The offer was for about 95% of asking, with […]

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House #9: Closing Scheduled

August 7, 2009

Sorry I haven’t posted much this week, but my desktop PC crashed, and it’s currently being repaired. Let this be a good reminder to everyone else to back up your computer…my not doing so anytime recently may cause me a lot of grief if I end up losing a bunch of data… Anyway, a quick […]

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House #11: Rehab (Vid 3)

August 5, 2009

We’re continuing to make great progress on The Sunglasses House, and given where we are on the rehab, it’s likely we’ll hit our estimated 6 week schedule… This past week, we’ve completed the interior painting, finished reglazing and repairing all the windows, installed the vinyl flooring in the bathrooms and laundry room, installed most of […]

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Making Offers Again

August 4, 2009

It’s been a slow several weeks for us in terms of buying new properties. With a quick rehab completing on The Mini House, a very major rehab underway on The Sunglasses House, my wife and I spending time getting ready for our new baby (due in September), and both of us trying to get as […]

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House #9: Appraised

July 30, 2009

We got the The Hat Trick House appraisal back this evening, and I’m happy to report that it came back above the purchase price… This is especially good news considering the issues we’ve had the past few weeks with appraisals in this neighborhood. Here’s a quick recap… The Red Garage House (which is in the […]

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House #8: Another Extension

July 29, 2009

Yup, The 16-Bid House is still having difficulties getting to closing. As you probably know, the seller has been trying to get clear title on this one (so we can buy it) since March, and still no luck… Last week, my wife sent the agent an email mentioning that the contract was about to expire […]

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House #11: Rehab Pics

July 28, 2009

Our contractors have been cranking away on The Sunglasses House again this week. The landscaping was completed, the gutters were installed, a huge backyard privacy fence was put up, the master shower and fireplace tiling were completed, and the interior paint is 50% complete. By the end of the week, the painting should be complete, […]

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