Appraisal came in good!

The appraisal came in for the property. Got it for $90K and the appraisal came in at $110 in the current condition. Instant equity - gotta love it!

Mortgage commitment is being sent this week, and hopefully we can close in a couple weeks. I have until 11/20 - but hope to get in early.

Showed the kitchen pictures to my handyman to give him a heads up of what the project will entail.

Appraisal done

The appraisal was done on the property. We are now waiting on the results. Should have mortgage commitment letter today. Hoping to get this financing pushed through to get the house earlier than November 20th.

Moving forward on new property

So, I have the finalized contract on the new flip property. Closing is done on the last one (yay!!!).
Since there was a broken pipe in this new house, I went in and cleaned up some surface mold before the appraisal. I am going with traditional financing on this one as well. 7.85% interest rate, can't get that with hard money.
I can't wait until I am able to pay all cash for houses.

Looking into different counter tops, there are some local granite fabricators, so I might be able to get a better price on granite than on Corian. Will have to see. The counters will all depend on how much the pipe repair is going to cost.

Offer accepted!

Yeah! Next property on the way! Dealing with banks can be a real PITA, you know? But, in the end - I get the property.
This one needs so much less work than the last house. That will be nice. Plus there is no seasoning on the title, which means I can turn it around faster!
Closing is set for 11/20, however we will push forward to get as much done as quickly as possible for an early closing.

Negotiations

We are in negotiations on the next property (the one in the post below). I think we are pretty close to a deal!