Our Tempe, AZ Rehab Home Is Now Complete!

Our Tempe, AZ real estate investment rehab / flip home was finished today, 8/31/2008:



717 W. Manhatton Dr.
Tempe, AZ 85282

This house has been staged and is ready to be listed on the market. We're currently reviewing market comps to determine the list price (most likely 250k) for this home.

Please find links to pictures of the finished project below:

Click Here To View The Pictures!

Our thanks to Joyce Hazen with Chariot Home Staging!

Joyce Corsi Hazen,
HSR Certified Professional Home Stager & Redesigner
Chariot Home Staging, LLC.....Your Home Staging Coach Expert
Tel: (602) Chariot (242-7468)
www.ChariotHomeStaging.com

Update September 9, 2008: We listed the home for sale at $250,000. Despite the higher price point associated with this house, we have had modest interest in the home. Home for sale in Tempe, AZ!

St. Louis, MO Project Update

Per our second Engineering Inspection today (8/22/2008), the two small cracks in the basement wall ended up being a structural issue requiring a minimum of 10k worth of work, if not more, to properly repair the problem. As a result, we terminated our agreement with the bank in regards to purchasing the home.

With the high inventory levels, there are still too many opportunities available for it to make sense for us to take on this complicated project even if the bank was willing to compensate us for the necessary work to shore the foundation.

On to the next one!

St. Louis, MO - Real Estate Investment Rehab / Flip Project

We have been working to purchase a residential real estate investment rehab home in the general St. Louis metro area. We have an accepted offer on a home and are completing our due diligence during our five day inspection period.

There is one item that may be a potential deal killer ... two small vertical cracks in the basement wall. We're having an engineering inspection today, 8/20/2008, to assess the problem to determine whether this is a major or minor foundation issue. Depending upon their recommendations we may have to terminate our contract or attempt to renegotiate terms with the bank.

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