From the category archives:

House #13 – SOLD

3-Year Recap!

August 12, 2011

This weekend marks three years since we purchased our very first rehab property, so I thought I would spend a bit of time recapping what we’ve accomplished in the first three years, along with some of the statistics and interesting tidbits of our journey. Here’s a quick recap of our accomplishments: 24 Houses Purchased & […]

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House #13: Final Analysis

March 15, 2010

We closed on the sale of The Poor House today…you can see the detailed schedule and financial results below… For a large rehab, this project was pretty textbook; we completely replaced the exterior (new roof, gutters, siding, trim, soffit, fascia, decks, etc), remediated a good bit of mold, waterproofed the foundation, finished the basement, and […]

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3 Appraisals, 1 Day

March 10, 2010

So much for taking off on a mini-vacation yesterday… Turns out that all three properties that we have under contract to sell had an appraisal yesterday, and two of them were last-minute, meaning we didn’t have much time to prepare and we had to stick around to meet with the appraisers… We knew the appraisal […]

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House #13: Appraisal

March 2, 2010

The appraisal for The Poor House came back at our contract price, so assuming no financing surprises, it looks like we’ll be going to closing on this one in the next two weeks… That said, we almost didn’t get a high-enough appraisal, and it was all my fault. As I mentioned in my article last […]

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Update for 2/26/2010

February 26, 2010

Here’s an end-of-the-week update on all the houses and other stuff going on… House #1: The Corn House We found out that the lease/buyers for this house haven’t been paying off their credit card each month like the credit repair company suggested. They likely would have qualified last month if it had not been for […]

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House #13: Second Contract

February 15, 2010

It turns out we never did receive that fourth offer on The Poor House over the weekend, but it turns out that it didn’t really matter…we countered the third-offer, and they quickly accepted. So, we once again have this one under contract, and we hope to close in about a month… We were pretty stringent […]

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House #13: Third (Fourth?) Offer

February 12, 2010

We received our third offer on The Poor House today…and we may be getting number four this afternoon… We countered the second offer that we received last week, and because we weren’t very confident that the buyers would actually be able to close, we were pretty stringent on our counter. We countered close to full […]

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House #13: Second Offer

February 3, 2010

We received our second offer on The Poor House today… We were originally told we’d be getting an offer about two weeks ago, but due to some family issues, the buyer was out of town for much of the past two weeks. Then, we were told we’d be getting an offer this past weekend, but […]

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Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on… House #1: The Corn House According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them […]

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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 […]

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