And finally House #4 is SOLD!

And finally House #4 is SOLD!
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...

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...

Working with Random Appraisals

Working with Random Appraisals
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 – Fell Out of Escrow..Maybe..

House #4 – Fell Out of Escrow..Maybe..
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,...

What we got going on…

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...

Permits are no fun!

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...

Bringing down the roof!

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...