March 6, 2004
Well, it's official. Closed on my first investment property. I'm very excited, but I know that the work has just begun. Fortunately, I have some great business partners, who are a bit more experienced in this undertaking. So, I don't have to make the same critical mistakes that other newbies make the first time out.
I have taken photos of the house, so that you can appreciate the improvements or the proverbial 'before and after'. I will need to replace sections of the roof, and waste water pipes leading to the city main. The photos will not capture these changes, but I will show the kitchen and basement areas that need renovation.
The city expects the buyer to bring the property up to code before renting to perspective tenants. Great stuff. I'll keep everyone posted on the developments. I expect to have the photo gallery installed in the next two weeks.
Posted by AG at March 6, 2004 11:46 PM