And the deal is complete
Friday, October 16
Finally finished the refinance today. I was able to get a 30 year fixed, 5.875% note on the property. I'm pretty satisifed with those terms.If you've been following this story, you recall I paid $70,550 for this house. I went through all the receipts a couple of weeks ago and the rehab costs w...
Just keep on trucking
Wednesday, September 09
All rents in on time this month, too. Yea!Did have a problem with the water bill at one unit. In Colorado, water is lienable. So, if the tenants don't pay, it comes back to the landlord. I've been stuck with water bills before, so I have the water companies send me notice if the bill is deliq...
another day
Thursday, August 06
Good month this month. All rents were in by the second. Did have to go replace a toilet at the new place. It was a continuing problem. A thorough cleaning with muratic acid would probably have fixed the old one, but I didn't want to spend a couple of hours over there dealing with it. The old ...
Triplex is a bust
Thursday, July 23
Unfortunately, the triplex is a bust. Great location, but a ton of work. Mike though it woudl be $30-70K, but readily admits estimating rehab is not his strength. I'd put it on the high end. Its an older duplex that's been convereted to a triplex. Floor plans a choppy. The best of the three i...
Possible triplex
Tuesday, July 21
Yesterday Mike calls and says he's found a possible triplex. Looking online, it looks worth a closer look. He calls today from the property and says I should come over. So, that's the plan for tonight. Needs work, he says. Hmmm. Had several minor items to fix in the new ...
Rent is In!
Wednesday, July 08
After spending so much time on rehabbing the new property, and then running away for a little R&R, I HAD to work on my truck. The radiator had been leaking for the last month or better. I had bought a new, all metal, heavy duty one, and it had been in the garage for most of that time. July...