From the category archives:

House #12 – SOLD

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 […]

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House #12: Mystery Solved

December 7, 2009

In my last post about The Mini House, I mentioned that there was some confusion over whether the appraisal had ever been carried out by the buyer’s lender. The buyer’s agent told us it was completed, but considering the appraiser never called us to get access to the house, we didn’t believe it. So, we […]

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House #12: Selling Weirdness

December 3, 2009

Just an update on the sale of The Mini House, which is scheduled for later this month (it’s actually a pretty weird story)… As I mentioned a couple weeks back, we received our fourth offer on this house. The buyer had three contingencies (milestones where she had to finish different parts of due diligence before […]

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House #12: Third Contract

November 15, 2009

As I mentioned last week, we received the fourth offer on The Mini House. After some back and forth on the negotiations, we now have binding contract (meaning all the contracts have been finalized and officially signed by both parties), and are hopeful this deal will close by the end of the year…of the four […]

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House #12: Fourth Offer

November 11, 2009

We received another offer on The Mini House yesterday… The offer was lower than we were looking for, but given that we’re going into the slow season, the deadline for the tax credit has essentially passed, and the fact that with the recent flooding in Atlanta a lot of houses in that neighborhood have gotten […]

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House #12: No Contract

November 1, 2009

A quick follow-up to my post last week about the second offer on The Mini House… Unfortunately, after not hearing back from the agent for another 24 hours, my wife called her (from my phone, as she wasn’t picking up calls from my wife’s phone), and finally got her on the other line. The woman […]

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House #12: Second Offer

October 27, 2009

Our marketing blitz from last week on The Mini House was successful in getting about a dozen buyers through the house within a couple days, which was good. And while I would have liked to have gotten more, I’m still happy that we ended up with a single offer coming from that group. The offer […]

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House #12: Major Marketing

October 20, 2009

We’ve certainly learned the value of good marketing over the past year, and when we need to, we really put it to use. The first contract on The Mini House fell through a couple weeks ago after the appraisal came in low, and we were disappointed to find that we weren’t getting much activity through […]

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House #12: Appraisal Woes

October 7, 2009

The Mini House been under contract for a while, but because of the FHA 90-Day Rule, we weren’t able to move forward with the financing and underwriting until about two weeks ago. Unfortunately, in that time, we’ve gotten some bad news… The first appraisal on the property came back at about $30K below the purchase […]

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Atlanta Flooding

September 23, 2009

If you’re been following national weather news, you probably know that Atlanta has seen some serious rain and flooding in the past few days. Worse yet, what they’re calling “Ground Zero” for the flooding is right-smack-dab in the middle of where we do all our investing. But, I’m happy to report that all of our […]

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