Well, without going into details, we just spent a surreal weekend. But hey! It's Monday, people! Time to get the hustle in the bustle... or at least in your hedgerow as you try to build that stairway to heaven. (Possibly obscure Led Zep reference.)
We spoke to our friend and realtor last night. Guess what? Richmond and Barbour are both closed. Right now, we are weighing the options. We may wholesale to someone else, convert one to a rental, and/or go for the whole fix and flip scenario.
The reason for the debate centers around how quickly and effectively we turn our money. That is, one can churn and burn, or one can build an asset. The two are not mutually exclusive, however they do call for varying degrees of strategy and tactics. If that makes sense.
At any rate, we hope you stay tuned for this next chapter in the Box Bend history book.
Have a great week, and happy Monday, crew!
Update on Hazel: Some exterior work is wrapping up, and the interior is looking good.
Our good buddy, Judson Vickery from Century 21 Triangle Group, shot this mood-filled bad boy picture of Main Avenue. The canvas is almost ready.
Welcome, race fans, and thanks for coming back to the Box that Bends.
We've spent the last couple of days at a convention in Baltimore for the day gig. The Baltimore MLB franchise was one Crew member's favorite team as a kid because he misheard and thought they were the Baltimore Oreos.
"Wanna go see the Oreos?"
So, as a nod to that misguided person (at least in earlier years) we have included a snap of Camden Yards taken from the sky bridge down the street. And as a nod to history, here is a shot of the Please-Don't-Let-Us-Get-Mugged-While-Shooting-The-Constellation-At-Night photo.
At any rate, the convention (AKA: The Intersection of Bunion and Blister Central), was a mad success -at least when it comes to scanning badges and making inappropriate and iffy conversation. However, it was good in other ways.
Relax. Fear not. For though we have walked through the valley of pot bellied men and pop-up booths, we have been mildly active at the Box Bend ranch and day camp. All that drivel to say this: We think we have finally closed on the Barbour Store property. We say think because we are still receiving closing extension notices from the owner. Let this be a lesson to anyone considering the game: REO (bank owned property) can be Code for Banked Own Glacial Ice Flows. We've had bunions develop faster than this closing.
We are still waiting with less than baited breath on Richmond Road... this is our little basement flood-slash-science experiment house on five acres. Our realtor is trying to talk us into modular for this site and we've already heard theft stories. So...
And then there is the 200 pound gorilla in the room.
Some types of female gorillas can weigh around 200 pounds and live up to 35-40 years. And that's how long this hairy primate seems to be taking. Our GC has gone strangely radio-silent. The finish line is right there, but seems to be obscured by terrain that suffers from a deluge of slight wrinkles, "maybes," and hope. Hope isn't a strategy. And it can smell like the B.O. wafting off a caged beast at the National Zoo in Washington, DC. So, we'll be calling for a progress report today.
Main Ave is on hold until Hazel hits the feeding pen.
Concerning our other business pursuits, well the RE franchise seems to be doing well and we are opening a new office on Glenwood South in Raleigh. That's not us, though. All credit goes to our business partner on that one.
The two or three other businesses we are after are progressing as well. For now they seem to be caught aomewhere between the bankers and the holding pens at the zoo. However, that's the fun of trying to escape gravity.
Or so we've been told.
Own a messed up piece of property in the Triangle area of North Carolina? Over your head and need $$$?
Call our buddy, Dan at: 919-727-8635. We might be able to help you out. Even if it looks like this:
It has been crazy busy around the Box Bend, LLC Ranch lately.
First, we're finishing Hazel, underpinning and framing Main and closing on Richmond and Barbour. (Our two newbies.). The good news is that we signed the contract to sell Hazel. Translation: mucho close to listing that bad boy.
The day gig gig had the occasional rep conference in Asheville. That monster ate up tons of daylight. Weeks of prep and a hurricane thrown in for good measure.
On on top of all that, we have been working our yabas off trying to get not one, but two new businesses off the ground. Yeah. We know. Crazy. Loco. But it is a caliente type of crazy. So we have been a little less diligent than required-especially with the old double B. Sorry. But we need to get the bacon sizzling because...
We have a new box bender in the oven...
We just got back from (first) Asheville, and then (second) Myrtle Beach. Both beautiful. Asheville was for the day gig. Myrtle was a family mini-vacation at the beautiful Ocean 22 building.
This week we are expecting to be in the final throes of finishing Hazel. Our GC has asked for the "Final Check" to finish things up, so we should be there. In addition to that, we should be seeing some new framing pictures from the Main Ave project.
We should also receive closing info on Barbour Store Road. And finally, some numbers on the infamous Richmond Road -which is now looking like it might be a total tear down.
Stay tuned, race fans. Things are heating up.
Say "hello" to our newest entrant into the hit renovation game-show called, "My Basement is Flooded!"
Seriously, this little Petri dish of mold and mildew is our latest acquisition. We like it mainly because it sits on five acres of potential horse property. We are working on closing, so it is not over until it is over, but...
We hear it all the time... "I love HGTV and those flipping shows." Well, sure. Everyone loves a flipping winner. And some of those shows do present reality. Some do not. So, in the interest of those that are committed to making music in this industry, allow us to share some Main progress photos. Let us show a little reality as to what one can expect to find in that perfect 5 bedroom house in the right neighborhood.
Recall that "Main" is the hoarder house that we are waaaaaaaaaaay delayed in starting, but we are finally getting under way. Also recall that this house was the scene of one serious, world-class hoarder. Hoarders on hoarding shows have nothing on this place. So, without further ado, here it is... a look beyond the curtain.
And now the clean-out and demo begins...
Please check out our main site: WWW.BOXBEND.COM
This site is for informational purposes only. We do not guarantee anyone's performance in the house flipping, or transformation, or investment arena of real estate. Invest in your own ideas and projects at your own risk.