Archive for November, 2006

Interested People

Thursday, November 30th, 2006

I have shown the home to a lot of people. The market in my area is pretty bad right now, there is a record amount of home inventory for sale. I am pretty happy I built modular homes because they are affordable. I have shown the home 4 or 5 times now [...]

First Home Finished

Wednesday, November 22nd, 2006

My first home is finished! It has been a real learning experience. After some hiccups during construction we are finally complete. I am going to advertise a Lease Option on this home to generate interest instead of listing with a real estate agent immediately. I have a very competitive rental price and i [...]

Modification of My Construction Loan

Monday, November 20th, 2006

Well I have my C/O so now I can modify my construction loan. I did a construction to perm loan, so now that the construction part is done its time to turn it into the perm loan.
I am going with a 5 year Fixed Rate mortgage, so it will go adjustable after [...]

Waiting for my first Certificate of Occupancy

Thursday, November 16th, 2006

Well after replacing the stolen A/C unit my cost of the project went up a few thousand dollars. I am not real happy about it, but it is one of the risks. I could have filed it on my insurance, but I would rather not. In the long run I feel like [...]

Air conditioning Stolen!

Sunday, November 12th, 2006

Ok, so one of my homes had its air conditioning units stolen! I got a call today that one of the A/C units has been stolen and its going to cost me around $2,000.00 to replace. The police came out and fingerprinted and took statements. They said there were a number of [...]

Construction Update on First Home

Thursday, November 9th, 2006

Its been a week since the home was delivered and things are coming along nicely. The A/C has been installed, the plumbing is all in, and the inside of the home is finished. There was some drywall that had to be patched after shipping, and a good bit of crown molding and baseboard [...]

Modular Homes Set

Thursday, November 2nd, 2006

The homes were set today and it was a very interesting process to watch. The homes came in on trucks and were unloaded onto the foundation. The roof then had to be raised. It was shipped on hinges due to the height. So each half of the roof was raised and [...]