Rehab Investing Update
May 9, 2007
Just wanted to drop you a line with an update for this rehab we’ve got going
on. This past week, we’ve had the floors jacked up, new subfloors installed,
completed the remainder of the demolition phase, removed a couple of trees and
fencing, had a new roof installed, plus all new plumbing and a electrical breaker
box. The plumbing was an expense that I wasn’t expecting, however we’re rocking
right along. Plus, I’ve decided to have the brick painted to give this a house
a new look. Check out the progress thus far:
This picture above was taken after the new roof was installed
and my plumber was doin’ a little dance for the camera… Personally, I think
he should stay under the house covered in shit…
Here’s the house after the painter finished the first coat on
the brick. Now imagine what this will look like with a new door and white trim.
Below are more of the progress of the inside:
Next, we’ll start putting this junker back together and makin’
it look like a home. I’ll shoot you an update in a few days.
Take care and talk soon,
Derek Pierce
Demolition Phase
May 1, 2007
It’s pretty amazing just how much you can accomplish once
you set your mind to it and start taking action. Just take this house for
example, in less than a weeks timeframe, I’ve already bought a house,
got my initial crew to do the jobs, and started the demolition process. I
wanted to share these pictures of the updated project.
First things first, I had the dumpster delivered and got a crew
started immediately on the demolition. We’re now looking at just studs
in the house. Take a look:
Next, I discovered there’d been a leak in the bathrooms
and the floors had started to sink a little, so now, I’ve got to have
someone jack up the floor to make it level, plus contract a plumber to see
if I need to replace the copper pipes with new PVC. Now, would be the time
to switch it all out with new plumbing since the walls are ripped out, however
this isn’t cheap and was not included in my initial budget. I told
you anything could happen on this deal and you’re seeing it firsthand!
I’ll keep you posted within the next day about the progress
with this deal
Take care and talk soon,
Derek Pierce
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