A TON has been going on lately hence the lack of posts.  This will be a real quick over view of what happened since last time. 

I went to Tahoe, CA for 10 days, which was great, but I came home to kind of a mess (nothing I couldn’t handle however).  The tenant at Greeley St on the first floor abandoned the apartment.  I sent all the correct forms and tried to contact her but with no luck.  She later informed me that she no longer wanted the items and I should contact her ex-boyfriend to pick them up. HAHA that was a good one.  Well I cleared the apartment, and have stored all the items in a locked area until a time I see fit to dispose, donate, burn, what ever to them. 

Also while I was away a tenant at Greeley called me to inform me that the basement had flooded, possible because of the hard rain.  OK funny that never happed before?  So upon further review and the fact the first floor kitchen sink was over flowing I finally determined that it was not water but sewage that was over flowing into the basement.  This was due to feminine products, hair, straws, and popsicle sticks, in the drain, not sure why that in there but people do weird things.  So after paying $455 dollars to Gem (I know but it was short notice) the pipes were cleared and all water was flowing smoothly.

 Greeley st was now looking AWESOME on the inside and I was receiving lots of calls for renting.  I’m pretty sure I have a suitable renter, but I never know until the money is in my hand.

Basically around this same time, the renter on the second floor of Sandringham left which was sad.  She was a great tenant (my first tenant ever), who was quite, paid on time, and put up with my occasional antics (haha she will probably read this).  Her apartment was left in the best condition so far.  There were lots of nail holes everywhere and a few larger holes that needed patching but all and all it was in good shape.  I have had lots of calls on that apartment and it should be an easy rent asking on $990.00 for a 3 bedroom, 1100sqft in a REALLY nice area.  The kitchen and bathroom set up are lacking and are something I have big plans for in the future.  I need a tar driveway first then worry about the kitchen, but once it’s done will really improve the apartment.

Now for the big news………..drum roll please.  I was able to pick up another multi family next to the house on Greeley.  So I will now have Greeley 1 and Greeley 2.  Greeley 2 will be the new one, which is a bank foreclosure and was VERY cheap.  I was able to get the price down to $127,900, with the house being worth $258,000.  Not a bad difference, and should be great for a re-fi in a year or two.  This house has three bedrooms on the first two floors, a strange one-bed room on the third floor and then a nice 1 bedroom in the basement.  The house does need some minor work such as a few new windows, tile work, new appliances, new flooring here and there, and some new paint.  But honestly it’s in really great shape.  I’m meeting with contactors to go over prices and ideas.  I’m also going to be video taping the entire project from start to finish and make segments for YouTube, so look for those going up soon. 

Lots of exciting things will be happening in the springtime so keep in touch and make sure to check back often.

You can always reach me at UrbanAndrew@gmail.com

Happy Investing!