Another hectic two weeks and I was unable to post last week. This is my update for weeks 11 and 12.
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.
At the time of my last post I had 5 vacant properties. I now have tenants for four of them.