Well, I have "mentioned" to a few of you guys in other threads that I was in the process of buying my first investment property, but a post by MJ on another forum we are on made me realize I never followed up about it!!! 😀
After a month of stress, Friday was the big day, and I finally closed on my second house (and my first venture into real-estate investing!). :smx1: It is a very nice 3-bedroom 1 1/2 bath townhouse with a 1-car garage exactly one-mile from my other house. To say it is "convenient" would be an understatement!! I was back and forth between both of the houses all weekend, and its awesome to have a 2-minute drive from one to the other. I was reminded once again on Friday that it is REALLY nice to have friends to count on for a favor when you need them with a venture like this!! FOUR of my close friends showed up unexpectedly on Saturday morning to get to work with me and my GF on the minor renovations needed, and 2 of them stayed till 11PM last night!! We were working our assses off (lol), but we got so much done in 48 hours of hard work its unbelievable.
The place is in great shape, but to dress it up before the tenants move in next month we are:
-Installing two beautiful lighted ceiling fans in the dining room
-Ripping down all of the shiity looking crown molding in the living room, sanding and painting till we put new stuff up in the next couple of months
-Installing ceramic tile in both of the bathrooms
-Installing a new dishwasher
-Steamcleaning the carpets
And all of the other "usual" stuff of course (minor painting/detail work, cleaning, new contact paper in all of the cabinets, new door hardware and blinds, etc.
My tenants are scheduled to move in on May 15th, so we only have a few weeks to get it all done working around my INCREDIBLY busy work schedule lately. So its going to be a very hectic couple of weeks!
Overall, I have been walking on air all weekend, and I cant stop smiling about the deal I got on this place and the fact that I actually closed on it. Its awesome when everything just kind of falls into place, and I am definitely fortunate to have things work out the way they did.
I have learned so much from many of you since I joined this forum, and on many occasions I have spent HOURS reading through threads in this section and picking up tips from those of you who have done this before! For anyone who has contributed, I want to say thank you very, very much. This forum is fantastic! :icon_super: :cheers:
After a month of stress, Friday was the big day, and I finally closed on my second house (and my first venture into real-estate investing!). :smx1: It is a very nice 3-bedroom 1 1/2 bath townhouse with a 1-car garage exactly one-mile from my other house. To say it is "convenient" would be an understatement!! I was back and forth between both of the houses all weekend, and its awesome to have a 2-minute drive from one to the other. I was reminded once again on Friday that it is REALLY nice to have friends to count on for a favor when you need them with a venture like this!! FOUR of my close friends showed up unexpectedly on Saturday morning to get to work with me and my GF on the minor renovations needed, and 2 of them stayed till 11PM last night!! We were working our assses off (lol), but we got so much done in 48 hours of hard work its unbelievable.
The place is in great shape, but to dress it up before the tenants move in next month we are:
-Installing two beautiful lighted ceiling fans in the dining room
-Ripping down all of the shiity looking crown molding in the living room, sanding and painting till we put new stuff up in the next couple of months
-Installing ceramic tile in both of the bathrooms
-Installing a new dishwasher
-Steamcleaning the carpets
And all of the other "usual" stuff of course (minor painting/detail work, cleaning, new contact paper in all of the cabinets, new door hardware and blinds, etc.
My tenants are scheduled to move in on May 15th, so we only have a few weeks to get it all done working around my INCREDIBLY busy work schedule lately. So its going to be a very hectic couple of weeks!
Overall, I have been walking on air all weekend, and I cant stop smiling about the deal I got on this place and the fact that I actually closed on it. Its awesome when everything just kind of falls into place, and I am definitely fortunate to have things work out the way they did.
I have learned so much from many of you since I joined this forum, and on many occasions I have spent HOURS reading through threads in this section and picking up tips from those of you who have done this before! For anyone who has contributed, I want to say thank you very, very much. This forum is fantastic! :icon_super: :cheers:
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