An End to a Good Thing

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Greetings to both of my blog followers and to my wife as well.

You know when you know you should either do or say something and you don’t and the longer you wait the more awkward the whole thing becomes? Well, that is me and blogging. So, putting my awkwardness aside, here is my final update for my reluctant-landlord-turned-frenzied-flipper adventure.

I believe my last post ended with something about finding the right buyer. Well, we did. Twice. We finally got the house on the market on July 12th and were under contract by July 14th at near full price. Not bad, mission accomplished! With a projected close of mid-August, the frenzied flipper and clan were starting to dream, plan, and plot what the next chapter was going to look like.

But wait, not so fast…..

On August 23rd, after having already signed all the documents and having had a sneak peek at what our net proceeds might look like, we were informed that the transaction had just fallen apart due to buyer financing. So, here we go again! Instead of cashing a hard earned escrow check we were going back to writing them!!

Here is an abbreviation of what transpired next: Change of lenders (50% chance), 50% becomes 10%, buyer sends seller recision. Seller stalls, 10% just became 1%, divine intervention requested, divine intervention received! Extension given, buyers sign, deal closes, blessings given, keys handed over and much rejoicing…

It is actually hard to put into words what this last half year has been like. Scary, satisfying, rewarding, trying, consuming, and yet freeing at the same time. We endured nicks and bruises, disappointments and expenses. We enjoyed the fellowship, sense of accomplishment, jobs well done and the helping hands of neighbors, family and friends.

A chapter of our life is now closed.  A fine ending to a good thing.

Running with Endurance

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Okay. So you have not heard from me in a while.

With two jobs and a flip with the finish line in view, time as been a scarcity as of late. It is crazy how things multiply when you get knee deep into a project and a planned thing leads into two unplanned things or maybe into three. You paint the walls and trim in a bathroom and then decide the faucet is corroded and the mirror is outdated, thus the two for one special you never counted on. Look how much money you are going to save (not).

Anyways, that is were I have been,  preoccupied 15 to 18 hours a day, which doesn’t leave a whole lot of time for writing in your diary.  (I realize now that blogging is a way of getting a man to write in a diary.)

The paint is done, carpets are in, and the yard is looking fantastic  (thanks to Art and Tim). Doors have been re-hung and the closet organizers are ready to assist the new owners with–what else?–keeping organized.

It has been a long journey to this point, an odyssey that  could not have been accomplished without so much help along the way, let alone all the words of encouragement. With all the big jobs done, only the small and smaller tasks are left to be checked off the list and, of course, the biggest and potentially most challenging task is left: to find the right buyer at the right price.

At this stage of the project I have no regrets. I enjoy challenges and I enjoy finished challenges even more. So, if you are one that has been following our adventure and who has maybe wished you could be part of the process now, is your chance. Spread the word: our house is now for sale (or rather as of Monday, it will be) and we need to sell it!!! That’s the part you can play:  when we post the link, put your networking and social media skills to work and use your voice. We would be most grateful!

Thank you and that’s all for now. 🙂

No Cutting Corners

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No cutting corners.

Well, actually, just the opposite is true. For the last several days, I have cut MANY a corner (and angles, too) in my last big push to get this flip around the final turn and onto the home stretch. We are so close to market-ready, with only a few “bigger” jobs left to do.

Installing laminate floor in the kitchen is by far the largest task left to my immediate responsibility. Having already established that I am a second generation consummate do-it-yourselfer, have I also mentioned that there are other men out there who like to say, “It’s easy!” when it comes to doing a rather labor intensive task while they sit comfortably in an office somewhere else. Ah! There’s that word again–“easy.” They throw it to you like a life preserver. Supposedly all I have to do is just grab it.

Well, ninety minutes of  YouTube videos, a couple of boards cut too short, one cut backwards, a few nicked and dinged up corners, and the life ring comes into view. It’s finally starting to get easier, now that it’s almost done.

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So, here I sit, with 14 empty flooring boxes, five or so still to go, surrounded by bits and pieces and ends and scraps of laminate. I have convinced myself of the existence of my own personal “easy” button. Yeah, I am close to the end and feeling perhaps a bit smug because I have tackled and completed something new and it looks and feels pretty good. The only problem I have now is that three of my family members have remarked that the former family home turned rental turned flip  is “nicer now than when we lived here.” I guess that is a good thing.

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Art-Ful Endeavors

It is generally thought that “wisdom comes with age” and, being almost a half-century old myself, I would have to agree ( shameless plug). However, an alternative source is to gain it from experience or by doing. Kind of like the subfloor removal I shared with you in my previous post. After we (Grampa Art and Myself) got back at it for a second day in a row with our aching arms hanging listlessly at our sides, we straightened our otherwise crooked backs and summoned up all of our inner reserves to conquer our current frenzied flipper nemesis (i.e., nailed, stapled, and glued underlayment).

After an hour or so, or maybe six, Grampa Art summoned an idea from his own vast storehouse of wisdom reserves and suggested, ” I need a break. Let’s go to said box store and see what they have that can make this job go a little quicker” Now not being one who, generally speaking, likes to deviate mid-task, I was willing to make an exception and quickly responded with my best Sherlock Holmes, ” Capital Idea!”

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Enter the “RIPPER,” the most amazing labor-saving, back-relieving, underlayment tearing-up, vibrating, chisel-touting, staple-smashing, and glue-devouring machine I have ever laid eyes or hands on. Suffice it to say that with this newest recruit of modern floorfare fully engaged, our nemesis was quickly dispatched and summarily defeated.

I am grateful for the wisdom I have gained over the years through experience and attrition (age, I mean). But today, today I am most grateful for the wisdom of the man who was not afraid to momentarily withdraw and to seek out reinforcements. Without his help, guidance, and sweaty counsel, I might still be toiling with the floor of nails (among many other things) over the years. Thanks, Art.

Not as Good as I Once Was…

Do you, like me, see yourself as a much younger person than you actually are? I think this phenomenon is similer to the “your eyes are bigger than your stomach” syndrome my father used to remind me of years ago, but now with tasks and chores instead of food. As the consumate DIYer I have always taken pride in being able to “Do it yourself , save money, and finish with a strong sense of accomplishment.” and an in-your-face, contractor atttitude. Can I just say, whoa, those days are fading faster than I’d like.

Now, let’s talk about underlayment or “subfloor,” and you’ll see why I’m telling you all that.

This flip envolves a change of flooring in our rather large, sunny (sometimes) kitchen. In changing from boring vinyl to a more modern laminate click-style flooring it is important to remove the old vinyl flooring and the subfloor to which it is adhered. Please pay attention to the word adhered; we will use several apropriate synonyms later in this blog. This removal ensures that all of the flooring in the kitchen will be at the same height as the flooring in the adjoining rooms.

So, I, the consumate DIYer set out to remove the underlayment. The guy at the floor store, ( who is a friend and was generous to come all the way out to the house with a special saw to cut around the cabinets) said it should only take me a “couple of hours.” The contractor estimated two guys for four to six hours. Which one to believe? Was this a case of the optimist vs. pragmatist? So I watched a couple of Youtube videos, assembled my tools, and set to work with the can-do attitude of the consumate DIYer.

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The old vinyl came up easy, maybe too easy. I made my cuts and began to attempt to tear up the neatly cut 18-inch squares of subfloor. )The squares did not come up easily as they were stuck (or affixed, nailed, or connected) by some inexplicable means). What I mean is, they were glued, fastened, conjoined, and an invisble bond had formed. Getting the picture? It was stapled, cemented, superglued, adjoined forever by an unseen force. I had discovered the bonding of atoms; separation would result in certain disaster. Surely an impending doom awaited me….

It was after SEVERAL hours of back-breaking labor, sweating and grunting, that my epiphany came to me. I am not as young as I once was, the generous man at the floor store was a liar (not intentionally, I’m sure) and the contractor is a realist (read experienced). Turns out the floor was nailed, stapled, and glued.

I would like to meet the guy who installed that floor in the first place.

Gunk, Garbage, and Goo

grime-1So, I am back after a several day hiatus (from blogging, that is). The fact is we have been up early and out late pretty much every day since I last posted. We have made great progress, again, only because of scads of help. Neighbors, family, friends, and conscripted children have rallied to rid our former family home-turned-rental of the layers and layers of dirt and scuzz applied and deposited by its latest occupants. The most recent tallies account for over six cubic yards of rubbish and tenant leftovers  hauled away to the local landfill, and a large deposit of carpet and underlay waiting its turn for a one way trip to the dump.

I’ve included a couple of the pics to show you what we’re up against.

The kitchen appliances have been hauled away and the damaged trim removed. A thorough top-down cleaning hasgrime-2 begun as well as the various and sundry pre-painting prep work–all  in an effort to prepare the house for its date with its painting destiny.

That’s an overview of the inside, now for the outside…..

Suffice it to say that any gardening implement (both manual and internal combustion powered)  has been used in the combined 50+ man hours to return the yard to something resembling anything close to its pre-tenant state. Our crew has hacked, cut, weeded, whacked, sawed, and mowed. We have pulled and grunted and scratched, nicked and abraised and chainsawed and maybe even cussed in an effort to bring order to the overgrown chaos that was the yard.

There has been visible progress … but there is still much left to accomplish. We are grateful for Grandpa Art who has arrived to pitch in and stand guard.

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Day 4 – Many Hands Make Light Work

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So, Day 4 of our frenzied flip has come and gone and at least 40 man hours of yard clean up and maintenance were carried out in a quarter of that time.

We weeded, hoed, raked, mowed, trimmed, and chainsawed our way to a new level of self discovery. It can be overwhelming when you are standing looking up at such a huge task but the opposite is so true when, at the end of the day, you are able to gaze at such tangible results. It was a true testament to teamwork and camaraderie.

Only a couple of hours into our work day (Arlyn, kids, and myself), our former neighbors showed up with all the right tools, “Tim the Toolman Taylor” kind, and a can-do attitude. We  were a yard renovating force to be reckoned with!

We have attacked the yard first for a couple of reasons:  1) the weather is currently in our favor, 2) there is a short delay before the painting contractor can do what he does, and 3) it will provide a sense of accomplishment and inspiration as we pull into the driveway on the many days yet to come.

We ended the day with a bonfire and a semi-sentimental journey down memory lane. Tim rediscovered his first BB gun in the shed out back, Arlyn uncovered the kids’ small handprints set in paving stones under the weeping cherry tree, and the kids enjoyed the swing in the old oak tree once again. As night fell and the stars lit up the sky, we were serenaded by the frogs (or should I say inundated by the sound of the frogs) and I was reminded why we chose this spot to raise our family. Great memories!

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House Flip – Day One

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Well, Day One of our frenzied flip is over and what a day it was. I am sure you have heard the saying, “One man’s trash is another man’s treasure.”  It is safe to say I found no treasure but I sure found a lot of the first half of that saying and I mean a lot. The dumpster arrives tomorrow and Spanaway will be minus one small mountain.

I met with the painting contractor, chatted with a couple of our former neighbors (good people), and began the process of gathering up and removing the etc., etc., etc….

A special shout out to my middle daughter who made the trek out to the house to lend a hand today.

Tomorrow we meet the flooring contractor and will continue the clean up process.

Stay tuned!

 

The Reluctant Landlord Turns Frenzied Flipper

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So, the remodel begins in two days. The appointments with contractors have been set and my mind is all about getting the project started. Am I apprehensive? You bet I am. Does the fact I have been unable to reach my soon-to-be former tenants worry me? You bet it does. It is definitely time for a change!

Up to this point I have been calling myself the reluctant landlord. I found myself in that role as the result of a sluggish real estate market in 2009 ( worse than sluggish). Falling house values and a job relocation led us to renting out our unsold family house. It was the home in which we raised our family–a home my wife designed and I, with the help of family and friends, built with my own two hands.

So here is my current challenge: how to get my house market ready, in the shortest amount of time, with the smallest outlay of cash but at the same time maximizing my equity return. Hmmm, sounds simple, now that I say it out loud. NOT! So, stay tuned for periodic updates. You can follow our not so little first time foray into flipping on this blog. Today is flip day minus two.

For now,  I will leave you with some of my lingering thoughts…. new vinyl or laminate? Remove and replace or just remove?  Then there’s the yard: Do I borrow a mower, hire a service, or buy my first goat? You get the idea. Decisions, decisions, decisions.

Stay tuned…