House #3 Under Contract

That dumpy abandoned house I posted about yesterday? Well, as of today I’ve got it under contract for $8,500, as the lady selling it (who is apparently a realtor herself) suddenly decided overnight that my original offer wasn’t so crazy after all, and came down to $8,500.

I can’t say I’m exactly doing cartwheels (I mean, you’ve seen the house, right?) but I am pretty excited to have another project to work on. Closing isn’t until December 19th, for various reasons, so I’ll have plenty of time to put together a game plan to hit the ground running.

If nothing else it’ll be a good learning experience, as far as a total gut remodel, and it’s a reasonably risk-free investment. It won’t be the sexiest house in the world when it’s done but it should be a nice little rental to add to the collection.