Sunday, March 01, 2009

"Flip This House"

Well, as most of you know if you've been following our blog this past year James & I purchased two investment properties. The first house we got it fixed up and leased within a month. However, the second house which was a foreclosure required much more work. We were finally able to put it on the market the first of December to be leased. Well, we've had lots of lookers but no takers, mainly because it's out of their price range or they were looking for something newer.

James & I watch the real estate market closely and decided lets lower the rent and put it on the market to sell just to see what happens. Obviously, if we're going to sell the house we would need to price it high enough to get back the money we put into and make a profit, but figured we had nothing to lose. We listed the house Monday and by noon on Tuesday we had a contract! We flipped the house!! Well, our first thought was that we didn't price it high enough! I didn't think that flipping a house was possible in The Woodlands, but we did it and made a pretty good profit! So, now it's onto the next adventure...

I did not take any pictures of Abigail this week, so I don't have any to post!! However, I did add a post about Abigail which is titled "God is Good" its below the post about her surgery. You'll have to read it if you haven't already just to see how God has worked in our little girl's life! Stay tuned for more updates on what's going on in the Fehrle home....

2 comments:

Lacey said...

WAY TO GO...WOOOHOOO!! That is awesome...congrats!!

Mike and Jess Richey said...

Very cool! Congrats!