Rehab #10.1, Stoneham – Final Analysis


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 #10.1, Stoneham – 1st Contract


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


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 #10.1, Stoneham – Update & Pics

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Although we closed on this project in May, I’ve only had contractors in there for 2 weeks.  Yes, it’s been sitting untouched (with the exception of being cleaned out) for 4 weeks.  Originally, the contractor working on my Wenham project was supposed to manage this one as well.  He met the sub-contractors at the job, put

Rehab #10.1, Stoneham – Project Financials & Details


We closed on Rehab #10.1, Stoneham on May 12th.  I found this property through an Absentee mailing that I sent out back in February.  The seller called me because his boiler died back in October and he didn’t have the money to fix it while paying for the mortgage on another property he owns in

Rehab #10.1, Stoneham – Under Agreement

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My next rehab is under contract and I’m planning to close next Monday, May 12th.  This will be my first deal that I’m doing solo so I’m pretty excited.  I’ll have the preliminary details of the deal next week.  Stay tuned… In case you were wondering what the .1 is all about, I’ll have to