From the category archives:

House #25 – SOLD

House #25: Final Analysis

October 26, 2011

We closed on the sale of The Drought House today… (see all the financial results below) We originally purchased this house out of “desperation”…we hadn’t had a project in a while, and decided that we’d rather keep our contractors and ourselves busy, even if it meant possibly not making our minimum profit on the project […]

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House #25: Appraisals

October 20, 2011

We just received the results from the second appraisal on The Drought House… The value first both the first and the second appraisals came in at exactly the purchase price, which I’m very happy about. Given the rehab that just sold down the street for $6K less than ours, I expected the appraisals to come […]

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House #25/26: Inspections

October 13, 2011

The buyers for The Drought House and The Fourfecta House have both completed their inspections. Both inspections went incredibly well and the request for repairs on both houses was short and simple… For The Drought House, the repairs were essentially limited to some minor siding repair, installing a couple exterior GFCIs and fixing a couple […]

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House #25: Staging Pics

September 22, 2011

It’s been a crazy busy week — my project manager is on vacation and we’re working on 7 rehabs, including our own houses houses we’re doing for other investors. So, I don’t have a lot of time to write… But, I wanted to post the final staging pictures of The Drought House: Staging Pics I’m […]

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House #25: Budget Recap

September 16, 2011

As of this week, The Drought House rehab is complete and the property is on the market (after rehab pictures coming soon!). It was a pretty straight-forward project, though we did have a couple overages and changes to the renovation plan, as I mentioned in my last post. Below is a side-by-side analysis of the […]

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House #25: Rehab Complete

September 13, 2011

We (pretty much) finished the rehab on The Drought House today, about 5 days behind our original schedule… We still have to install the appliances (they come tomorrow) and complete some touch-ups and punch-list repairs, but the house is ready for staging, and we expect to complete that tomorrow and get the property listed for […]

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House #25: Plumbing Fix

September 5, 2011

I posted the other day about the plumbing surprise we had at The Drought House on Friday… Turns out that our assumption that there was a busted supply line under the foundation was correct, and the plumber was able to pretty-easily pinpoint the issue to a hot-water line running under the slab from the hot […]

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House #25: (Bad) Surprise!

September 3, 2011

I previously mentioned the difficulty we were having removing the old hardwoods on The Drought House, but those sorts of minor issues are pretty typical. Unfortunately, we had another issue yesterday that was neither minor nor typical… I got a call Friday night from my project manager — who had gotten a call from one […]

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House #25: Rehab Underway

August 31, 2011

Rehab on The Drought House started yesterday, and we’ve already hit our first snag…and we haven’t even finished demo! Most of the entryway to the house (about 150 square feet) is hardwood that was glued down, and it all has to go. But, I’ve never seen this much glue on hardwoods before, and the hardwoods […]

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House #25: Officially Ours

August 26, 2011

I posted the other day about the difficulties we’re having getting The Drought House purchased, and after two long days of making endless phone calls and bothering people, we finally got some traction and were able to get the property closed… In the end, the closing attorney could never get in contact with anyone at […]

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