From the category archives:

House #23 – 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 & […]

35 comments Read the full article →

House #23: Final Analysis

June 8, 2011

We closed on The Horsey House today… (see all the financial results below) I was confident from the beginning that this would be a very profitable deal, though I had it in the back of my mind that the deal seemed a bit too good to be true, and was always waiting for something to […]

22 comments Read the full article →

House #23: Selling Drama

May 30, 2011

We were supposed to close on the sale of The Horsey House several weeks ago (May 9, to be specific), but unfortunately, there has been a tremendous number of last-minute underwriting issues that have held things up, and could ultimately keep us from closing at all… It’s rare that we get held up in underwriting […]

2 comments Read the full article →

House #23: Appraisals

May 5, 2011

Our buyer’s lender has had two appraisals on The Horsey House, and I’m thrilled to report that both came in above the contract price…so it appears that the last major hurdle for this transaction has been cleared! I always pull comps before the appraisals, so that I can give a few to the appraiser to […]

0 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 #23: Inspection

April 15, 2011

The buyer of The Horsey House had his inspection today… As I suspected, with the house only being 8 years old and us doing a nearly full cosmetic remodel, there were very few issues found. A missing light socket in the garage, a couple doors that don’t latch as easily as they should, a storm […]

0 comments Read the full article →

House #23: First Contract

April 9, 2011

The Horsey House has been listed for about two weeks now, and while we’ve gotten some qualified potential buyers through the house, we haven’t gotten a tremendous amount of interest. I attribute this to several things: We listed the property a good bit higher than we realistically expect to receive, as we wanted to see […]

0 comments Read the full article →

House #23: Budget Recap

March 28, 2011

As I mentioned a few days ago, The Horsey House renovation is complete and the property is listed for sale. In my original post about this house, I mentioned that rehab costs should probably come in below $15,000. I was off by a little bit on this one (see breakdown below), both because I forgot […]

9 comments Read the full article →

House #23: Final Pictures

March 25, 2011

After a long week of renovations on The Horsey House, it’s now been staged, photographed and listed for sale… Here are some final staging pictures of the rehab… Of course, here is my favorite picture from this house:

3 comments Read the full article →

House #23: Rehab Complete

March 24, 2011

I can’t believe it’s already Thursday! It’s been a crazy, crazy week with the houses, and I just realized that I haven’t posted anything in several days. On top of that, I have the flu, so I don’t have the energy to put together anything more than a quick update on The Horsey House… As […]

0 comments Read the full article →

← Previous Entries

WANT FREE HOUSE FLIPPING STUFF???
Sign up for our Newsletter and get immediate access to our FREE 150+ Page eBook on New Construction, plus all of our business tools: Single-Family and Multi-Family Business Plans, Rehabbing and Buy-and-Hold Spreadsheets, Contract Templates, and more!
We respect your privacy. No Spam...EVER!