Archive for April, 2006

Update on my dog eaten checks

Wednesday, April 12th, 2006

The ironic thing about my dog_eaten_checks is that I was most worried about getting new checks from the section 8 city and from Countrywide. It turns out that the city cut me a new check in 2 days and that Countrywide sent one the same day I called. The only ...

Condos #2 & #3 are sold!

Wednesday, April 12th, 2006

Finally, my sale has closed. Here is the story on them. I put them on the market in December at $175k and $168k. The reason I did this is because one condo was remodelled and the other one was not. I figured a $7k discount was fair for an unremodelled ...

Primrose - A go

Monday, April 10th, 2006

Ok, I have changed my mind about this one. I know I said that I was gonna pass on this but I revisited the numbers again. I forgot that there is a $15k discount and $8k towards closing costs on the home. So here are my numbers: $541k + 15k (flooring ...

Primrose - no go

Friday, April 7th, 2006

I went to Westwing mountain to view the Primrose and to see what other homes were available. To my dismay, the Primrose was already in construction stage. The walls and roof were up and it looks like it will be done in 5-6 months. This was alot quicker than I ...

How I evaluate pre-construction opportunities

Thursday, April 6th, 2006

I know that pre-construction is looked down upon by real investors, but who cares if I can make some money. I think I have an advantage when I do pre-construction because I'm willing to move and live in any house I buy. By doing so, I can get into communities ...

Pre construction Lotteries… still?

Thursday, April 6th, 2006

This morning I venture over to a new Toll_Brothers community in North Scottsdale. I saw these homes on the internet last week and was thinking, "Hmmm, they are beautiful homes and only $1M?". Yeah, I can't believe I thought ONLY $1 million. So I pull into the ...

Little itty bitty pieces

Wednesday, April 5th, 2006

Today I took about 4 small chewed up pieces of what was left of my rent check down to the Section 8 office. The ladies at the counter laughed when I told them the story. I handed them the check pieces and the guy is like, "well we don't have ...