House #13 – Sold!!

House #13 – Sold!!
House #13 - Kitchen I am way behind on home sales posts.  13 is supposed to be an unlucky number, but this was a good one for us. We bought the property at the end of April, and sold it 131 days later for 2.5x what we bought it for.  It was listed for 4 days and we got 11 offers...

FHA Loan to Close Within 30-Days?

FHA Loan to Close Within 30-Days?
I am constantly whining about FHA loans and the approval process.  My posts on “FHA 90-Day Rule … A Major Pain” and “FHA 90-Day Rule – Revisited”  outline my frustrations with the process. But now, I finally have something good to say about the...

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...

House #13 – Megan’s Law

House #13 – Megan’s Law
We now have over 10 offers on House #13.  After isolating our 3 favorite offers we sent them all the same counter and the two responded quite interested.  We did some additional negotiation and one couple was going to re-submit their offer today.  The agent called and said the...

House #13 – Same Story… Multiple Offers Above Asking

House #13 – Same Story… Multiple Offers Above Asking
Well, I can’t really complain, but we listed House #13 Monday night and now (Thursday night) we have 5 offers all above asking price.  The market seems to be really hot right now and we are sure reaping the benefits, if only we could of bought more properties! There are two...

House #13 – Rehab Moving Forward

House #13 – Rehab Moving Forward
The rehab of House #13 is going great, no major problems or budget over runs.  We could have been finished by now, but the FHA 90 day period is not up for another 3 weeks, so we aren’t rushing things.  We did a 175 sq ft addition (bathroom and walk in closet) to this house,...

Lucky House #13

Lucky House #13
We didn’t just buy this one, I just “took a break” from blogging so you don’t know about this one. Escrow closed April 24, 2009, it was a small 3 bedroom, 1 bathroom very close to House #5.  This house was built in 1954 and it has no master bedroom, so we...