Sunday, July 29, 2012

Second house almost done

The Cherry St house has been on the market for two weeks now.  The open house was well attended, but no offers yet. Doesn't help that the realtors are out of town on vacation for a week!  Keeping our fingers crossed.

The second house is on track to be finished this week.  The air conditioning finally was installed on Friday (much too late for the poor folks who've been working there since early July!).    Hope to have it listed before we leave for vacay.

Hubby is working with a friend of his to find the next project.  They put in a bid on a single family home on a nice piece of land.  It would definitely be the biggest project yet, but he had to bid way under the asking price in order to make any money at it.  He has a little room to increase the offer, but not too much.

Meanwhile Hubby has been measuring and documenting all of the improvements made an how long everything took and how much everything costs.  This is what he really brings to the game. He is really focused on developing consistent processes so he can more easily predict profits, etc.

Still haven't rented the one unit we still have open. Getting a few calls every couple of days, but the "right" tenant hasn't been found yet. After the previous disaster, he is obviously being a lot more cautious!

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