Flip Thy House

Buh Bye Bellagio

I’m finally back home after 12 days in Vegas, staying at the Bellagio and doing another poker reporting gig. I definitely love Vegas and staying at the Bellagio is obviously nice but I was ready to come home about a week ago, so it’s definitely nice to be back.

As far as assorted real estate stuffs, we actually managed to get House #1 rented about a week ago, while I was still in Vegas. It’s only a six month lease but it was pretty spur of the moment, as the guy renting it is re-locating from Dallas and his other plans fell through at the last minute, so he needed something quick and easy for six months while he can sell his house in Dallas and find something to buy here. Not optimal but his application and credit was pretty spotless, he just got hired as a manager at a local plant, makes good money, etc. I’d have preferred a longer lease but it’s a decent band-aid to get it rented and get a tiny bit of cash flow moving, and a good bit more once I get it refinanced.

The sale of House #2 is still chugging along. The buyer’s had their inspection done and it didn’t turn up anything too major. They requested some repairs and nearly all of it has been knocked out, except for some electrical stuff their inspector was just flat out wrong about. He noted several things that he considered not up to code but it only applies to new construction, and the city has already passed us on everything he noted, and we called them out again just to be positive that the stuff he noted was in fact kosher and fine. So now we’re going back and forth a bit with the buyers trying to get the electrical stuff excluded that should have never been in his report to begin with (but which they’ve obviously seen and are concerned about).

All in all, though, the inspection report was pretty clean and all systems are still go for hopefully closing in the next week or two. Which will be a pretty huge relief, financially and psychologically, as I’m really, really ready to be done with that place.