Just a quick post so I can finish catching up.  I am so happy to report that as of Sept 1, 09 we sold House #4.  We bought this house way back in October and it was an ambition project.  The previous owners had converted it to a duplex illegally and city code enforcement officers...

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...

If you have been following the blog, you probably know that right now our biggest problem is not finding a willing buyer, but getting a bank that is willing to fund the loan.  The rules have changed and appraisers now are our biggest challenge. Most of our properties sell to FHA...

House #4 is the house we have owned for the longest right now.  We closed purchase escrow 10/31/08 the rehab took a long time because we did an addition and had huge issues with city Code Enforcement. The buyer has a great credit score and has more then enough cash to get it done,...

Sorry again for the lack of activity, I have been swamped with a couple other businesses I’m involved in and getting our existing properties into escrow. House #6: This house has been in escrow forever now, since March.  The buyer had credit issues that are now fixed, but the...

House #4 is beginning to becoming a major pain!  The inspector keeps adding what seem to be new requirements. Once we pulled the roof off, he forced us to re-inforce the existing rafters. The existing footers needed to be re-inforced. And now for some reason, he does not like a...

We have had a massive crew working at House #4 over the last two weeks.  The pour and inspection are done for the addition (footings) and we should have a completely new roof on the house by noon Friday.  When it is supposed to start raining again. Roof and Addition The previous...