From the category archives:

House #21 – SOLD

House #21: More Leaks

May 7, 2011

Turns out that the name The Leak House was very appropriate for House #21… We originally called it that due to the leak in the roof that had caused a bunch of sheetrock damage and had likely scared away lots of other buyers. But, it turns out that wasn’t the only leak that this house […]

3 comments Read the full article →

House #21: We Own It

April 28, 2011

After about 4 months of waiting for the seller (the bank) to come up with a valid deed, it looks like we will finally be closing on The Leak House today… After we’ve been absolutely patient and undemanding for four months, now that the seller is ready to close, they are frantically putting pressure on […]

4 comments Read the full article →

Update for 4/26/11

April 26, 2011

Nothing too terribly exciting going on…just a bunch of little stuff. So, here’s a quick update on each of the properties we currently are working on… House #1: The Corn House The Corn House is scheduled to close towards the end of this week. Appraisals and inspections are complete, approvals are in, the loan is […]

0 comments Read the full article →

House #21: More Delays

April 6, 2011

We’ve been waiting to close on the purchase of The Leak House since January. As I mentioned previously, the bank has been working for nearly three months to get the foreclosure deed in-hand and over to their closing attorneys, and there is no explanation for the delay… Finally, this past week, the bank’s attorney got […]

1 comment Read the full article →

Update For 3/10/11

March 10, 2011

Things have been very slow this week, which is why I haven’t had much to post about. So, I thought I would take this opportunity to give a quick update on each of the properties we currently are working on… House #1: The Corn House With the exception of the second new roof (which is […]

1 comment Read the full article →

House #21: Still Waiting

February 16, 2011

We’ve had The Leak House under contract to purchase for over a month now, and we still don’t have a firm closing date… Apparently, the bank hadn’t filed the foreclosure deed at the time I put the house under contract, and while it’s now been filed, the county still hasn’t finalized its recording, so they […]

4 comments Read the full article →

House #22: HOA Resolution

February 9, 2011

I posted last week about the fact that the HOA for The Lake House (which is also the HOA for The Leak House and The Trifecta House) had complained that we painted the house without getting approval for the exterior colors… Turns out their main concern was that the house trim was painted white, as […]

8 comments Read the full article →

House #20: HOA Issues

February 3, 2011

I was talking with a fellow investor the other day about the fact that I don’t post enough about the mistakes I make in my business anymore; I used to devote about 50% of this blog to the mistakes we were making and the things we were learning. While it’s true that — after a […]

13 comments Read the full article →

House #21: Pre-Purchase Repair

January 21, 2011

We’ve never asked a seller to do this before, but because The Leak House closing has been pushed out a couple weeks (to mid-February) and because we believe it’s a roof leak that’s causing the interior damage, we’ve asked for permission to do roof repairs prior to actually purchasing the house… Surprisingly, the seller was […]

2 comments Read the full article →

House #21: Preliminary Budget

January 11, 2011

We’re hoping to close on The Leak House by the end of the month… Here’s the preliminary budget that I’ve put together: This first two sections of the budget include all the interior and exterior work that we know we need to do (total of $13,000). The third section includes the items that may be […]

4 comments Read the full article →

← Previous Entries

Next Entries →