Under Contract on My Most Important Rehab Yet…

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I shared a little teaser at the end of my last post about my latest project.  Rehab #12.1, Andover went under contract last week.  So why, you ask, is this my most important rehab to date??  Because this one will be for my family! Most people who know me personally know that my wife and I have

Rehab Project Updates

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New Construction #11.1, Acton is moving along now, but that wasn’t before finding out that our foundation was shot and needed to be torn down after we demo’d the house (surprise!).  If you remember, prior to demo, our engineer confirmed that the existing foundation would be strong enough to build on.  However, after the house was down the

New Construction #11.1, Acton – Final Plans

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Happy Thanksgiving!!  It has been a very long process but we should finally have permits today for my Acton project.  I’ve been in contact with the inspector for the past several weeks and although the project seems very straight forward, he has been short staffed which has delayed our approvals.  We are now in a race against time

Rehab #10.1, Stoneham – Final Analysis

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We sold Rehab #10.1, Stoneham on October 20th for $20,000 over asking price!!  My amazing real estate agent, who also happens to be my wife 🙂 had over 60 people at the open house back in September which contributed to the bidding war that put us over asking. We went about $4,000 over on the rehab but

Rehab #9, Reading – Final Analysis

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We sold Rehab #9, Reading on June 30th but I haven’t had a chance to post the final analysis yet.  In the end, we went over budget on the rehab by $25k and the project took longer than expected.  The results weren’t quite as good as we had hoped, but I’m still happy to see that the annualized return

New Construction #11.1, Acton – Update & Plans

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I closed on my Acton property back in September and have been busy getting together all necessary documents for the permitting process.  Because this will be close to a complete new construction (I’m saving the foundation and first floor deck), my contractor had to submit architectural plans, a survey plan and a new septic system design (the property is going

Rehab #8, Wenham – 2nd Contract & 3rd Contract…

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This property has been under agreement three times but the buyers keep backing out.  Here is what we’re dealing with.. The land that we own is on two separate lots.  The lot with the house is on a nonconforming lot and the other lot (let’s call it Lot 2) is on a conforming lot but

Rehab #10.1, Stoneham – 1st Contract

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As I mentioned in previous post, we listed this property on September 2nd and held off showings until the open house on September 7th.  I anticipated having a good level of interest in the property since it’s a complete rehab priced at the lower end for this town, but I certainly wasn’t expecting the 60+ parties

Rehab #10.1 Stoneham – Staging Pictures

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My Stoneham project officially hit the market as of 12:03am on Sept. 2nd (my birthday) for $379,900!  The market is still pretty hot so I decided to hold off on showings until the open house this weekend.  Also, it gives me a few extra days to go through the final punch list items with my contractor

Rehab #8, Wenham – 1st Contract

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As I mentioned in an earlier post, Rehab #8, Wenham has been completed and is on the market.  Well, after the first open house we heard a lot of buyers mention that the basement wasn’t up to par with the rest of the house.  So my partner and I decided to take it off the market for

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