It has been a good while since we've posted.
Crazy day-gig events taking place, baby due any moment, and closings pending. Not to mention a new addiction to Michael Connelly's Bosch series. (Audible for the books & Netflix for the shows.). These are the excuses. But in reality, we are getting ready for a potentially major change in direction for Box Bend, and Box Bend Home. Or a possible addition to the BB repertoire. We are honing in on this, but are still a ways away from it. More on this later.
For now, Main Avenue had a little run-in with The Man, which has now been resolved. That's the thing about delays, they start to stack up upon one another. And now that the run-in has been resolved, and we're ready to kick Main into high gear, rain has thrown a wrench at our monkey heads. Rain yesterday, today... But we will worry about what we can control and not what we cannot control.
And we'll update as we go along.
Hazel 2 - The little sister lot of Spec Home -Hazel Baby, is under contract. That makes two Hazels under contract at the same time.
Closing is set for June 12th. Three days after Hazel Baby's close.
Last night we had dinner with a landlord/flipper couple who live in Raleigh. But their projects are in the Houston/Humble area of Texas. We spent most of our time talking about the couple's incredible history, and recent move from Australia to Raleigh. We listened with rapt attention as they spoke about the ups and downs of Australia-including an insane real estate market. It was enlightening and fun and light.
But the mind begins to boggle. Or at least ours do. The joy of a shared meal and conversation is a reward unto itself. However, the exchange of ideas and experiences is phenomenal. This is why sites like Bigger Pockets work so well. (www.biggerpockets.com) They contain that exchange that fast tracks knowledge.
So last night... the couple has been buying and renting property in Texas while living in Australia. Now they are going to renovate and flip houses in Texas while living in Raleigh. One hears the remote work stories, but it is so good and inspiring to actually talk with people doing it. It is inspirational. We are anxious to watch this unfold... and possibly even participate at some point if that opportunity should come along. That's part of the dream, right? You know, the one that involves floating between projects and investments-diversified by asset class, but also location. Ok. Maybe that's only our dream.
We have our own systems and management tech for our mostly-local renovations. Those things have worked for us -probably because they are simple and we have really good people around us. But it is also good to hang out with people who are doing their own thing in this arena. The ones that blaze trails instead of following the well-worn paths. We recommend this over networking events or even online groups -which serve needed and worthy purposes. We're not saying that those other avenues should be deep-sixed. Rather, we are saying that a couple of hours of a meal spiced with laughter and talk gives insight often unknown online or in a room full of five minute exchanges. It is time well spent.
It is like sharing food for the brain.
It has been a little crazy lately. Or so it seems to us. And we've been a little more than a little bit preoccupied around the Box Bend Circus and Traveling Fun Show. Translation: We've got a lot of irons in the Box Bend fire - maybe too many. And we have a whole pant load outside of Box Bend.
For Box Bend we are listing Hazel 2 -our mini lot down the street from Hazel Baby. We were going to build a small bungalow on it, but prices are getting crazy which means it is a good time to sell. Proportional profits without the time-suck or delay of building a new place. Faster turnover. Which, by the way, is partially the name of the Box Bend game. Or at least that's the story today... If it doesn't sell, we will be rethinking this plan of ours. ("Maybe a bungalow is the thing...")
Speaking of Hazel and all her relatives, our realtor sent us a picture of what used to stand on Hazel Baby's lot before our new construction. Here it is (was):
And just as a reminder, here is what we built & then sold on that lot:
In addition to the Hazel sisters, we have listed our flip and slide funhouse on 5 acres in Roxboro, NC for sale at a super low, you-renovate-it price of $55,000. Why? Busy, busy, busy. Here's a shot of that bad boy:
And then there is Main Avenue -which is in process of renovation. No pictures needed. It still looks like a third grade art project. But never fear, we're working it.
And, the longest fast remodel in history, Barbour (the elephant) is about a week or so away from being done. Delays, delays, delays and carrying costs, carrying costs, carrying costs. But never fear, we're on it. Kind of. Sort of.
So, outside of the Box, we're focusing on a baby that is due soon. And, drumroll please, we're working on a new blog -about a planned road trip between father and oldest son. If you want to check it out, (shameless plug), then just jump over to www.FastPresent.com. (Picture below.)
And, back to the crew, we are working on finding a new surveyor for our Sanford land. We have a pending deal or two, but need to sew up the survey.
Finally, we are working on a special use model for the post-Main Avenue Box Bend days. We'll share more as we progress, but for now that's an update on the five to seven Box Bend irons in the fire. Burn, baby, burn.
Well, guess what, race fans? We signed a contract for Hazel Baby. If everything goes swimmingly, we will be out of the pool and sunning ourselves on the deck by June 9th -the slated closing day. But, as we always say, it's not over until the fat check sings.
In other news, we had breakfast yesterday with our contractor on Main. So far, so good. An unexpected discovery is translating into some new roof trusses, but what the hey? This is par for the course. And, like a great friend and father used to say, "If you don't have problems, you're dead." This is part of the renovation game, Daniel-San. Sometimes the wax goes on. Sometimes it comes off. Either way, your arms are in motion.
We will meet tomorrow with our friend, confident and realtor for, what else, breakfast. We'll talk about the future over animal byproducts. Daylight's burning, son. Hit it hard and hit it early.
Okay. Enough "down home" vernacular.
Enjoy this spectral shot from Main until next time...
Here's a little Handyman and/or Investor Special that we just won't have time for this year...
The dog is negotiable....
Saturday, Saturday, Saturday! 2:00-4:00 Open House at 1007 Hazel in Durham.
Please spread the word.
Well, no ghosts in the shell, race fans, but we are now at the ghost of a shell stage on Main Avenue. Here are a few photos of a demolition week that included taking out a fireplace and cleaning out the crawl space.
porta-potty, dumpster, house montage.
We also dropped the price a little on the old Hazel One. Strange market right now, so we'll see what shakes out. We are prepared to go to our old fallback position of renting the property if it does not sell in a reasonable amount of time.
Also, no news for our alleged "really interested" buyer on the Richmond Road property, so we may be listing that bad boy in a day or two.
Barbour Store should be finished and listed shortly. That's all we're going to say on that one -for now.
We hope to have more updates soon.
Have a great week, race fans.
A lot of people talk about flipping. And some do. But rehabbing is not for the faint of heart. Take a run down house, demo like a madman on PCP -ignoring the pain of reality around you, and move forward. Easier said than done.
Here's what we're talking about -utilizing Main as our poster boy of going to a worsening state of affairs in order to get "better:"
Demo taking place outside...
Now the trick is to put it all back together. Are we ready to rock?
Ok. You got us. We're ripping off John Oliver. But all the Englishmen commenting about Americans aside, here is a brief pictorial summary of last week.
Hazel is still for sale.
Main in received a dumpster. Ta-dahhhh!:
We went on two early morning scouting missions to find our next score. ("C'mon Louie, baby. I need it real bad." 1980's movie drug reference from "Trading Places.") Here's a photo from one of the two early AM drives:
Our new contractor smoothed things over with the city, started the permit process on Main, and had his demo crew on site. A demolition photo or two follows:
We also spent some time considering the purpose of life, not to mention picking our noses due to the insufferable amount of green pollen floating through our local atmosphere. Multitasking?
Other than that...
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