Remember when I said I wanted to be just like Casey but better, well that's true and that's why I cant give too much personal info about myself or my situation, I do not want to go to jail so I cant be stupid like Casey. I already failed at the first attempt to be better then Casey, as I posted in this blog my sweet deals turned into sour deals and I am now facing foreclosure.
When I bought the properties I got $100k back when I closed the deal. Unfortunately I strayed away from the original plan and instead of just pocketing the money($100k) and turning around and selling each unit, I got greedy and started thinking about how much more money I could get for each unit if they were all fixed up.
I had a Friend who's dad was a contractor and he was telling me what things you can add to a house that really makes the value go up and makes the house sell fast. So I hired him to fix up the units so I could sell them for top dollar. I had him add all the important things like: Granite counter tops and Stainless Steel appliances in the kitchen, Travertine and Jacuzzi tubs in the bathroom, Duel Pane windows threw out, all of it was top of the line stuff.
Before I knew it months had past and most of the $100k was gone and only three of the four units were finished, the last unit is a nightmare it's striped down to the studs and is not livable. In retrospect It was stupid to try and remodel the units when all they really needed was some new paint, carpet cleaning, and some new appliances.
So here I am with foreclosure looming, I have one unit that's not ready for sale and three ready units that no one wants to buy. What I need is to sell the three condo units for enough money that I can pay off the loan and get out of foreclosure, then I will be out of debt and I will still have one condo unit left for myself, I can live in it free and clear.
I have already moved into the unfinished condo unit anyway. My mom and I got into a fight because of what I did, she is not big on fraud and harboring criminals so see kicked me out of her basement. Hopefully I can sell the other three units and just stay here and slowly fix up my unit as I go, it will be kinda hard living here because although I have running water I don't have any shower or sinks, thank god they did not demo the toilet.
So to summarize:
1) I need to avoid foreclosure
2) I need to sell the condo units for enough money so I can live in one free and clear
3) I need to buy a sleeping bag
P.S. I will be taking a week off to relax for the Martin Luther King Jr. federal holiday
Happy Holiday everyone!
