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House #12: Flood Zone!

June 25, 2009

This week started off about as badly as any week we’ve had in this business. Everything that could go wrong, was going wrong. And it all culminated with a phone call from our lender on Wednesday morning letting us know that The Mini House was in a flood plain, and that we’d need to get […]

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House #11: Officially Ours

June 24, 2009

After lots of scrambling to prepare for the growing mold problem at The Sunglasses House, and after threatening the bank with backing out of the deal if they couldn’t get to the closing table this week, we got word the other day that the title problems had been solved, and that we were ready to […]

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House #10: Final Analysis

June 21, 2009

Another quick Final Analysis post, as it’s for The Deja Duplex, a property we held for less than a week and only visited two times… I would consider this to be our first real wholesale deal, and while it would have been nicer to have just done a double-close (meaning we sell it the same […]

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House #11: Mold Problems

June 18, 2009

We were supposed to close on The Sunglasses House last week, but due to some title issues that haven’t yet been resolved, we still don’t have a closing date. In fact, we don’t know if it will be another week or another two months… Normally, I wouldn’t be over-anxious about closing on a property, but […]

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House #6: Chugging Along

June 17, 2009

If you’ve been following the drama of The Red Garage House, you know that it’s been under contract now for exactly two months. And about half that time has been spent in underwriting, trying to get FHA financing approval for the buyer. As of the end of last week, we were fairly certain this wouldn’t […]

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The Unlucky House – No Go

June 16, 2009

I’ve had a bad feeling about what was-to-be House #13 for a couple weeks now. I think the biggest issue I’ve had is that the listing agent for the property has been making it very difficult for us to get through the purchase without making us jump through hoops. First, she submitted the buyer information […]

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House #9: Final Pictures

June 15, 2009

As I mentioned last week, The Hat Trick House is on the market. In the past week or so, we’ve had a good number of buyers through the house, and while everyone loves the house, there is still the pesky little issue that most of the buyers aren’t enamored with the neighborhood. I’m still convinced […]

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Estimation Workshop – July 18

June 14, 2009

We had two very successful Rehab Estimation Workshops these past two weekends, both filled to capacity (8 people)… Based on the feedback from the attendees, I have decided to host another event on July 18 — and perhaps another in August if there is enough interest. So, if you’re in the Atlanta area, and want […]

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House #10: Under Contract

June 12, 2009

It only took 24 hours, but The Deja Duplex is under contract to sell…and true to its name, it’s getting sold to the same buyer as The Roach Duplex. It pretty sad to think that we hadn’t considered calling this guy to ask if he wanted this one also, until we were on our way […]

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House #10: Officially Ours

June 11, 2009

We closed on the purchase of The Deja Duplex today, and have decided that we’re going to try to wholesale this one, just as we did the one next door. In fact, we may even sell it to the same buyer! We called the buyer of The Roach Duplex today on the way to the […]

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