Monday, October 11, 2010

Rehabbed House on MLS




Latest acquisition was 4/2 1900 sq ft 2 storey home in quiet cul de sac - nice part of town.

Bought for $145k, $25k in rehab and listed for $229,900.

Two open houses, but no offers yet - alot of inquiries to rent, rent to own, or seller finance.

Will wait for a few more weeks to see what happens.

Winding down for rest of year to evaluate all of the recent turmoil in the big banking world.

Will be spending alot of time planning and preparing for next year to see if I can find some predictability in this mad environment!

Eviction Process


So had my first two evictions this year. One was smooth, as in defaulted. However, she was still there when I met the Sheriffs one morning but left fairly easily. Called me to make appointment to pick up her stuff in a UHaul van one week later, and actually left the place clean - wow.

The other one - not so lucky. Dramatic personality shift from the nice God-fearing woman I rented to! Gave ME notice that she was moving due to mold. Still there after 30 days. Left before Sheriff move out, but really trashed the place - $3,500 later, now rented again.

I will definitely not be writing a book called The Joys of Landlording.