|House #9 (the blue one with the fireplace)|
Fortunately this property isn't as ugly as some I've seen. It still needs a lot of worth though. About half the time this week was spent pulling up old peel-and-stick tiles in the kitchen and laundry room. I hate those things and removing them from a concrete foundation is tough. There is also a little rot around the back door that I need to do something about. Besides new floors and repairing the walls there are a number of smaller improvements I am doing, from new toilets to fresh paint where needed. My goal is to have it ready to rent by the end of this month and to place a tenant within a week of listing it.
I probably won't be buying more houses any time soon. I bought this house using 0% cash advance checks from two credit cards. Until I pay off those debts I won't be adding to the portfolio.