I've been neglecting the blog lately - too much going on! - I will try to do better.
The first property hubby has renovated goes on the market on Monday. Quite a transformation (will try to upload pics tomorrow after it is fully cleaned). A lot more work that he originally anticipated, but we should still get a nice profit and certainly have the satisfaction of seeing the transformation before our very eyes!
Hubby has started work (well not personally, but the general contractor has started) on the new townhouse. Finally closed on that property a week ago. Working with the HUD was a major pain in the neck. We ended up closely a full two months after the original date, and the REALLY stupid part was that the listing indicated that they wanted to close in like 10 days! This property seems like it will require less. Contractor has already replaced the front door, fixed the sliding glass doors, removed a section of drywall that had mold behind it, and fixed the plumbing (the copper was stripped). We are deciding how much of a kitchen reno to do, and have to do the paint and carpet (as always!). Also need to replace the furnace and AC. Looking for a nice profit out of this one.
On the rental front, hubby reported that rent for 4.5 out of 7 properties is received for July! Planning to pick up one more payment tomorrow, and the second half from someone next Friday. FINALLY evicted the tenants who were months and months behind on the rent. That is now empty and clean. Hubby is confident he can have it rented by August 1st.
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