Chad and I decided spring of 2010 that we wanted to get into the real estate business. Thankfully, the Sioux Falls market has not taken the tumble that other areas of the country have, so we are hopeful that this will be an awesome business venture for us! Chad has really done a lot of homework and research to get ready for us to start. We chose a realtor and began the house search. We looked at a lot of doozies. It is really sad to say that there are people in the world that choose to live in filth and stench. We chose to avoid those homes for our first flip. We retained the expertise of Dad and the wise wisdom of Mom, along with Cory and Steph and, they looked at a lot of houses with us. Finally, Chad found one on the MLS that he thought might be a winner. We scheduled a viewing with our realtor, thought about it for a couple days, took another look, and decided to jump in!
What an experience buying a home is. We negotiated back and forth with the homeowner and finally got a price point settled on. We scheduled the home inspection, decided to go forth, and set our closing date for September 2. Chad has done a lot of running around between credit unions to get all the financials squared away, and then with the closing date approaching, we decided to do a lot of legwork before we could even start any physical work. We got bids on a variety of work and chose our vendors for flooring, cabinets, etc. Our most favorite vendor of all is DAD! His construction knowledge will be running the show on a lot of the work. Cory is our next right hand man. We have been finding out how incredibly smart he is regarding remodeling/tearing down walls/removing cabinets, etc., etc., etc. He has obviously learned a lot from his days working with Dad!
Chad is looking forward to learning a lot from Dad, Cory, and Kyle over the next couple of months. We know there will be a lot of opportunities for that! In the meantime, I will be helping with the "light" work...hehe...;) I get to pick out paint colors...flooring stains...counter tops...all the fun stuff! I will also be doing some landscaping and a lot of painting. I'll leave the big stuff to the guys with the muscles! :) Mom and Steph have also offered to help us out, so I think we are going to have a lot of fun family times as we work on this project!
So now that we have closed on the house, we are ready to get rolling. Stay tuned for more updates and pictures of our progress!
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