Renting Our First House – House #14 (plus other updates)

Renting Our First House – House #14 (plus other updates)
The remodel on our first rental is coming along excellent.  Our contractor is very motivated to move-in so he is rushing everyone along.  The kitchen cabinets went in today, the granite will go in tomorrow. I am still at a pretty big loss on all the paperwork required to “do...
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The FHA Review Appraisal

The FHA Review Appraisal
If you have read my post “FHA 90 Day Flip Rule … A Major Pain” or the latest “FHA 90 Day Rule – Revisited” you will know that you cannot sell a house until the 91 first day of ownership.  So the thought is, if you wait the 90 days and put the property...
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House #12 in Escrow – Appraisal Issues?

House #12 in Escrow – Appraisal Issues?
We received over 10 offers on House #12 in one week.  All of them over our list price.  That amazes me, there is just a huge lack of inventory in this market. Our escrow price is about 50,000 over any of the other good comps, so I am wondering if we are going to have appraisal issues. ...
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House #12 – The Fire House, hits the market

House #12 – The Fire House, hits the market
We listed House #12 on Wednesday.  It was a great deal, but needed a ton of work.  There was a large fire, we think set by the previous owner, that started in the garage and moved up and basically burnt right through the middle of the house.  We closed escrow on it February 24...
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The Fire House!

I figured the Fire House we have in escrow will be a good case study as it will be about a 6 month project and will take a lot of work a long the way. We put it into escrow about a week ago.  This one was a first day listing with a new agent.  When we saw it come up, we chased it...
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