Happy Friday! We’ve had some exciting little changes since my last update. I’ll give you a hint… bath tile!
But first, I have a pile of little projects I’m working on at home.
Aside from waxing the kitchen cabinets, I also have a few other things here at my house, not the least of which is the master bath shower door. The brass door just won’t work with the new scheme in there. I got quoted for a new door, but in the meantime, I thought I’d pull it down and take a stab at painting it. I spent a good amount of time this week getting the caulk off. Holy moly, talk about time consuming! But I finally finished and taped off the glass. I applied 2 coats of primer, then sprayed all of the pieces Wednesday. It’s currently drying in my dining room while I keep my fingers crossed. Can’t wait to de-tape!
The fireplace is also getting a perk up. This week, i pulled off the cover and screen, cleaned it up and sprayed it down with high-heat spray paint. A simple change with a great payoff.
The new kitchen floor is in, and the cool grey really helps tone down the orange-y cabinets. I’m really digging these floors. They have a lot of variation in them to help hide dirt, and there is brown in them that looks great with the cabinets. This same flooring is also in the downstairs bath, the laundry closet, and the foyer.
The curb appeal also got a pick-up this week. Thanks to the new front door, the foyer and living room have more natural light. It got a coat of paint along with the shutters and garage door.
Speaking of light, the fixtures are going in, like the dining room chandy and the bedroom lights.
And last, but certainly not least, the bathrooms! The puke color is gone! Ok, well maybe not on the walls, but it’s looking WAY better. The floors will get their makeover soon.
We are chugging along. Next, I’m really excited to see the kitchen and bathrooms come together. Have a great weekend!
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When you first started, how did you finance your first flip? What things do you use contractors for? Do you do inspections before buying? Do you buy from auctions?
Hello,
I've used cash and a heloc to finance my flips. I've then rolled my profits back in as I've sold houses. At this point, I'm not able to hold more than 1 house at a time. In the future, I may consider trying to get external financing to help hold more than 1 house at a time. My understanding is that it's really hard to get a bank to finance a flip unless you can show experience and profits with a few houses. We use contractors for HVAC, plumbing and electric as well as any specialized contractors depending on the needs of the house. We do walk throughs on publicly listed homes, but we've never paid an inspector to look at one. And yes, I have bought from foreclosure auctions. Check out my post on that for more info... http://inbetweenchaos.com/2017/02/07/the-anatomy-of-purchasing-a-foreclosure-at-auction/
Hope this helps, and good luck!