Friday, May 3, 2013

Closings, Closings, & More Closings!

Hey y'all, I got news to share! We closed on The Beauty on May 1st!!! I can't tell you how happy we are to no longer have this property - and get all that capital back out to reinvest. What a relief to know our oldest purchase, largest renovation, and most expensive property to date off is now off our back. Whew! Feels good! Sooooo adios, Demouy! It's been real!


Adios old friend!

More great news... Deerwood (#9) is now under contract and will close May 9th!

Even MORE great news...Cottage Grove (#10) sat on the market a mere 7 days before receiving multiple offers and went under contract at $7,500 over list price! We are supposed to close May 20th if all goes as planned.

So, all 3 of our properties will close this month. I never thought I'd be so happy to see May in all my life! ;) This will allow us to set up a 6 month money reserve for living expenses as well as throw some money at our credit card and loan debt. It's been a long time coming! We are finally at the point David and I have worked toward for the past 3 years. We are excited to be able to start paying OFF debt instead of just paying it ever-so-slowly DOWN. Once this is happens, it will allow us to start actively growing a home fund...The rental we have lived in for 2 years is tiny (700 sf), needs so much work and is in an area of town that we really want to get out of. It has been tempting to go try for a mortgage so we can live in a "home" again - but every time we talk about it, David and I realize we need to stick to our plan. We will buy a home when we have the cash in hand. We are working on staying focused..."live like no one else now so we can live like no one else later".

Here's a few pics of finished and staged Deerwood and Cottage Grove:


Deerwood (#9)...










Cottage Grove (#10)...










To see the complete "After" albums, go to our Facebook page by clicking here!

And THIS gal is Flip #11! We are purchasing her the first of next week and will start renovations immediately! We are hoping to buy 4 more flips over the next few weeks and REALLY start busting them out. Big goals require massive action! Here we goooo!




2 comments:

  1. Wowsa. Amazing stuff...hard work pays off!

    ReplyDelete
  2. Yes it does!! Gonna be a fun, crazy summer, that's for sure!

    ReplyDelete