From the category archives:

House #6 – SOLD

House #6: First Offer

April 16, 2009

After our full-priced sale on The Second Chance House earlier this week, and our expected near-full-price sale of The DIY House next week, I was beginning to wonder if we’ve been getting extremely lucky, or if we’re just doing stuff extremely right (probably both). Well, today we received another full-priced offer (okay, a few hundred […]

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Update for 4/10/2009

April 10, 2009

Wow, so much going on, and not enough time to write…looks like this is going to be another overall update to bring everyone up to speed: House #1: The Corn House The Lease Purchase tenants at The Corn House moved in last week, and sent us a very nice email just the other day. They […]

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House #6: Final Pictures

April 3, 2009

As promised, here are the final pictures from The Red Garage House (minus a final garage picture, unfortunately)… I’m thrilled with how well this house turned out, and the staging makes it look 10x better. We’ve listed the property about $10K above what we had planned, in hopes that we can get a better-than-expected offer […]

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House #6: Rehab Complete

April 2, 2009

Yes, that’s right, rehab is complete two days after my post that The Red Garage House is on the market… As I mentioned in that post, we still needed a double window replaced, and still needed the staging complete. Well, yesterday the window got replaced. And today the staging got completed… We were hesitant to […]

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House #6: On The Market

March 31, 2009

The Red Garage House is now officially on the market. Not that the rehab is complete, but that’s just a minor detail… Seriously, we still have one major rehab issue to complete — one of the double windows in the living room is broken and has been on order for several weeks now; we’re hoping […]

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Update for 3/27/2009

March 27, 2009

Here’s a general update on all the properties: House #1: The Corn House As mentioned previously, The Corn House is under a Lease Purchase contract for the next 5 months, and hopefully we’ll be able to sell it by August. We met with the buyers a few hours ago to collect the security deposit ($1500) […]

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Not So Fast!

March 10, 2009

I came to an important realization today…sometimes trying to finish a flip quickly causes more stress and frustration than taking your time… First, there’s the issue of the FHA 90 Day Rule, which states that when you purchase a property (like I do), you have to wait at least 90 days to resell that property […]

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Update for 3/6/2009

March 6, 2009

It’s been a busy week, both work-wise and personally…I have a good friend in town, a couple doctor appointments for the baby, and lots going on with all the houses, so I haven’t been able to blog as much as I would have liked… That said, here’s a quick update on all the properties: House […]

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Evaluating a Flip

February 25, 2009

I’ve had countless newbie investors ask me how I decide whether or not to take on a flip project. For the most part, what they’re asking is, “How do you know if (financially) the numbers work out in your favor?” Most investors have some quantitative analysis technique for determining whether to pursue a project or […]

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Update for 2/17/2009

February 17, 2009

Lots going on, and at one blog post per day, I’ll probably start getting behind…so here’s a general update on everything… House #1: The Corn House The Corn House is still under contract, and scheduled to close on March 4. The buyer is being somewhat of a flake…between fake phone calls to my listing agent […]

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