From the category archives:

House #1 – SOLD

Update for 3/6/2009

March 6, 2009

It’s been a busy week, both work-wise and personally…I have a good friend in town, a couple doctor appointments for the baby, and lots going on with all the houses, so I haven’t been able to blog as much as I would have liked… That said, here’s a quick update on all the properties: House […]

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House #1: Contract Signed

March 3, 2009

As I mentioned late last week, we received a Lease Purchase offer on The Corn House. After much consideration, and a lot of great advice, we’ve decided to accept the offer and move forward… In addition to having good contracts terms (full price sale, decent down-payment, high monthly rent, etc), we also did the following […]

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House #1: Second Offer

February 27, 2009

We received an offer on The Corn House yesterday. Not a conventional offer, but an offer for a Lease Purchase agreement. Basically, the way a “lease purchase” works is that the buyer makes an offer on the property, with the stipulation that he will close on the property at some point in the future (generally […]

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House #1: Bad Neighbors

February 21, 2009

It’s almost felt as if The Corn House is cursed in our attempt to sell it. We’ve had 8 people who have expressed serious interest in it so far, yet none have actually bought it. There were a couple people who had minor complaints that couldn’t be rectified (the 6’5″ guy who wanted a big […]

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House #1: Back on Market

February 19, 2009

As I alluded to in a couple previous posts, the crazy buyer for The Corn House bailed on the contract. Apparently, she hired a contractor to give her a bid on finishing the basement (she wants a bedroom and bathroom down there), and the quote came back at $30K! Instead of asking her agents (or […]

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Update for 2/17/2009

February 17, 2009

Lots going on, and at one blog post per day, I’ll probably start getting behind…so here’s a general update on everything… House #1: The Corn House The Corn House is still under contract, and scheduled to close on March 4. The buyer is being somewhat of a flake…between fake phone calls to my listing agent […]

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House #1: Under Contract

February 9, 2009

I mentioned the other day that we had received an offer on The Corn House, but weren’t sure if it would actually lead to a contract or not. While I wasn’t confident it would happen, we were able to get the property under contract today, and we’re scheduled to close in early March. This was […]

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Two Offers? Or Not?

February 6, 2009

Yesterday, I mentioned that we got The Second Chance House under contract. A few hours later, we got another offer on The Corn House. Both offers came through the same real estate agents (representing two different buyers). Unfortunately, at this point I’m not convinced that either deal will go through; while The Second Chance House […]

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Update for 1/16/2009

January 17, 2009

Here’s a general update on what’s going on with the houses and the business… House #1: The Corn House Nothing much new here…we just hit 90 days on the market (still less than average DOM for this area), and haven’t had too many showing outside of the first weekend. My wife, brother and I have […]

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Update for 12/19/2008

December 19, 2008

Struggling with the flu, so I’ll just summarize the week with a general update… House #1: The Corn House We’ve decided to wait until after the new year to start marketing this property a lot harder. Luckily (or unluckily), we’ve purchased and rehabbed this property with all our own cash, so our monthly holding costs […]

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