Thursday, March 22, 2007

100 Block of N. Rose Update.

Today, the brick front is cleaned, washed and looks beautiful. The cornice will be put on next week. Changed the front door and the back door, they will be painted in red or black (I haven't decided yet).
I went to pick out lights. Home Depot didn't have many choices so I went to Lowes. I have to pick colors today, I found some really nice paint at potterybarn.com with Benjamin Moore paint. Picking room colors is my favorite thing. I painted the room in Federal Hill chocolate brown and barley, it turned out very nice.
The windows are in, I am trying to get the guy who is going to install them to do the carpentry works even though he charges more than a regular carpentry guy to just be done with it. So far, I exceeded my budget and the time frame . I will post my final budget at the end.
I sent an email to the people next door who are renting right now and are interested in seeing/buying this rehab.

Wednesday, March 21, 2007

Washer and dryer hook up after drywall.




Hallways upstairs after drywall




Kitchen after drywall.




Tuesday, March 20, 2007

Living Room after the drywall





Repointing the brick front.




The repointing contractor showed up yesterday to finish repointing the front. They acid clean it today and do the cornice.

5. Focus on flexibility, not guarantees.

Most people prefer a mortgage with long-term guarantees, because they want to avoid the risk of higher payments. Realistically, long-term mortgages don't usually improve your real security, because the life expectancy of a mortgage is only about five years. People soon move or refinance, and the long term guarantees offer little real value when you are back in the market to get a new loan. Investors seek flexibility, enabling them to more easily adapt to changing market conditions.

Monday, March 19, 2007

4. Focus on opportunities, not problems.

Most people make choices based upon fear, and their minds are constantly looking for what could go wrong. They don't have the ability to take action quickly, and they miss out on opportunities. They either think "What if it doesn't work?" or, more often, "It won't work." It comes down to the age-old question, "Is the glass half empty or half full?" We're not talking positive thinking here, we're talking about one's habitual perspective on the world. Risk is unavoidable, and people that avoid risks and those that take responsibility and manage risks feel the same thing, but savvy investors look for opportunities. It's the same thing, risk, but it's what you do with it that counts.