I’ve found several properties in the last couple of weeks that have interested us. But, we’ve managed to get only two of them under contract.
House 8 is a 1600 sq ft, currently 2/1/0. We’ll turn it into a 3/1/0. They were originally asking $19,900. We talked them down to $16K. I had to ask an [...]
I’m really looking forward to the day that all these small properties we’re doing produce a chunk of money for big properties. I’m going to shoot for something in the 50-unit range, or possibly even a retail strip. Then, bye-bye day job!
Meanwhile, though, I’m having fun. I feel like I’m a kid playing Monopoly. I’m [...]
I’ve just spent the last few days building my new pc. The hard drive quit in my old one. The rest of it just wasn’t worth saving. I now have a 64-bit pc and operating system. It should last me a while. The business bought it for me, since I do so much real estate [...]
I wish I could just get five good properties under contract at once. I love the intensity. I’m finding one here and there in the MLS. But, I’m trying to think of ways to actively seek out properties. The challenge here is a lack of time. I can thank the day job for that.
We’ve offered [...]
I’ve already shown you the “Before” pictures of House 5 here. At last, I finally have the “After” pictures!
No more grass green and baby pink semi-vertical stripes!
The soot on the fireplace has been painted over (the workmen’s radio is in the pic).
They fixed the roof and the water damage.
Not sure why the contractor liked this [...]
Aaaaaaaaaaaaaaaaah….. That’s the sound coming from our business coffers right now. I signed the loan papers for the House 5 refi this afternoon and walked away with a check for $43K. House 5 appraised for $55K!!! I’ll need to sit down in front of the filing cabinet at home and put together the financial breakdown [...]
I’m a gardener. I love going home and doing something that has nothing to do with pc’s or people. I discover a new, interesting insect or plant growing in my gardens on a daily basis. To me, my gardens are a giant biological experiment. I also have moments of stillness and clarity while tending them, [...]
Sorry about the hillbilly speak.
It appears, for now, that the plans for the clinic will have to be put on hold. It’s a shame, since I believe the technology can really help people. We’re waiting to see if some miracle happens to save the project before our deposit is forfeited on June 24th. I know [...]
We just got the pro forma numbers we’ve been asking for from the CEO’s at the already existing clinic. They look horrible. That is to say, after we corrected a couple of *ahem* items, the real numbers look horrible. To run the clinic bare-bones and with as little staff as possible, we’d lose $25K per [...]
I haven’t forgotten about real estate investing. I can assure you, it’s my main passion. I will keep it up–at least until I retire a happy 32 year-old (or whatever age I choose) and move to our island in the Caribbean. These clinics are just what I feel I’m being moved to do by my [...]
