It’s almost official! I have partially exited the world of “traditional” real estate and entered a whole other realm! SCARY but so so so exciting. 😋
This newest conquest of mine is not a phase, it’s a true passion for me, I’ve just never had the means or resources to do it for myself. Still don’t in fact ha ha, however, I have a very trusted business partner who is going in with me. He has a passion for investing and knows how much I study the game, my sales history and my determination towards anything I put my mind to soooo this should be great! Right?
Hmmm, well I should probably explain WTHeck I’m doing and why..
What: Renovating a home that needs MAJOR updating and TLC (womans touch will most definitely help)
Why: To build my portfolio and get to my long term goal of becoming a builder & investor. Ultimately, we all want to make money but even more than that, I want to help people who are in distress and make anyone involved in our projects part of the long term goal.
How: We are in the process of acquiring our first joint property, you could call it fate & perfect timing..
Timeline: We are estimating that the property repairs and updates will be complete within a 3-6 month window and then depending on the market upon completion, we will know how we will proceed.
Potential: This home is a MAJOR DIAMOND in the rough. Great pool with tropical landscaping, 3700 square feet of space, no major issues & we are fortunate enough to be getting it at a fair price.
ARV: Depending on the amount of updating we do to this property, we have estimated anywhere between $330-$380K.
Repairs Include: Roof, new A/C unit, Electricity, Water Heater, Furnace, Pool is green 🤢, landscaping (minor) painting, replacing all flooring and countertops, new appliances, carpet, wood and new shower and other minor things.. I’ll share our initial estimates at the end of the project along with actual cost and other unforseen expenses.
If you follow me on my HOUZZ SITE then you know I have a passion for architecture, design and real estate in general so this is a dream come true!
I invite you to check in occasionally to see how the project is coming along and stay tuned on YOUTUBE cause I’ll be Vlogging my experiences as well. Let me throw in some pictures just to tease ya 🙂
I’ll send you an update soon!