Where'd Everybody Go?

So 2011 is around the corner. It's been almost 7 years since I started this blog and investing in real estate. Back in the first couple of years of this blog, the real estate bubble had yet to burst and people everywhere were getting into flipping properties. There were a regular group of people that used to blog on their own and leave comments on this blog. I got to thinking about what happened to those people and what they might be doing today....

Loan Closing And Apartment Financials Improving

The property behind hard money #14 has been sold and is supposed to close escrow this week. If it does, this will have been a 6 month loan, which is pretty good. (The mortgage note was for a one year term.) The property was rehabbed in two months and was on the market for four months.Things are turning around slowly at the Houston apartment complex too. Occupancy for November was 90% and we saw a decline of about $3,000 in rent concessions as well....

Man Stands On Principles, Dares Bank To Foreclose, And Wins

I wrote last month about a guy who was willing to let his bank foreclosure on his house over $25 in fees the bank erroneously charged him and refused to reverse. Turns out the bank blinked and has agreed to the man's (entirely reasonable) demands and has canceled the foreclosure four days before the auction. Nice to see someone at the bank has some common sen...

House Now On The Market

Last time, I mentioned the property behind hard money loan #15 was about two weeks away from going on the market. I'm pleased to say it is now on the market! Below are some photos.This is a bit interesting. The house isn't fully staged, just a few pieces of artwork on the walls and some plants. But I still think it makes the property show better than being completely empty.The property is listed for...