Bathroom Hole House Finished

Most of the work is complete on the Bathroom Hole House.  So far I have spent $56,644.35.  I have some outstanding bills, some work on the heater is needed, and fixture replacements are probably required.  I also expect to find some small problems as I inspect the house closer.  I expect to spend another $3000 and I will be in the house under $60,000.  When the house sales I will give exact numbers, including carry costs. 

I have listed it with a realtor for $149,900.  The appraisal (required by the bank) was $162,000 but both the realtor and I feel that was high.  I am offering a $2,000 credit for appliances.

I have posted before and after picture below.
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Weeks 11 and 12 Accomplishment

Another hectic two weeks and I was unable to post last week.  This is my update for weeks 11 and 12.

My Holdings
We are almost finished with the Bathroom Hole house – we are just waiting on the carpet, counter top refinishing, and some landscaping where the pool was filled in.  It should be finished next week.  So far, I have spent about $59k on the house and should end up in the low $60s.  My value estimate was about $117k but comps were all over the place.  The bank required appraisal came in at $162k.  I signed with a listing agent at the end of week 12 and we are going to list it at $149,900.  Initially, I will not put in appliances and will give a $2,000 allowance for appliances of the buyer’s choice.  After the carpet is installed and the counter tops finished I will post pics and another video.

Landlord Duties
At the time of my last post I had 5 vacant properties.  I now have tenants for four of them.

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