Just wanted to do a quick update on the projects we have in our pipeline. Our projects have changed since the last time I posted this.
Since the last time, we sold 4 of our Turnkey properties. We sold 177th Place and Waveland Avenue to an investor from Chicago. These were his #8 and #9 properties that he purchased from us. We also sold Chestnut Avenue and Kenwood Avenue to an investor from California. This was their #2 and #3 properties that they purchased from us.
Fiance of the investor from Chicago is purchasing Delmar and Osborne properties from us. Delmar project is rent ready and we are currently looking for a tenant for that property. Osborne property will be ready by mid-Feb.
We also have a buyer for our Crane Pl and Bigger St projects and both of these should be closing by end of Feb.
We also closed the buy side transaction of our 5th St project in Highland and we will be starting rehab next month on that project.
In addition to 5th St, we purchased 3 more properties this month – Oak Crest Ln, 177th St and Baring Avenue. All 3 of these properties will be Turnkey. We have already started rehab on Oak Crest since we had a crew available for a few days due to a delay on another project waiting for gas and electric to be turned on.
I will do another blog on projected numbers for our 5th St project later this week to share what our projected numbers and once completed, I will share the final numbers for comparison.
As of today, we have these projects going on/in the pipeline:
|Property Address||Project Type||Project Status|
|5th St||Fix and Flip||Inventory – Waiting for Rehab|
|Cherrywood Ct||Fix and Flip||Listed on MLS|
|N Wood St||Fix and Flip||Under Rehab|
|Ohio Avenue||Fix and Flip||Under Rehab|
|Baring Avenue||Turnkey||Buy Side – Under Contract|
|Bigger St||Turnkey||Sell Side – Under Contract|
|Crane Pl||Turnkey||Sell Side – Under Contract|
|Osborne Avenue||Turnkey||Sell Side – Under Contract|
|Delmar Avenue||Turnkey||Rent Ready|
|Nebraska Avenue||Turnkey||Under Rehab|
|Oak Crest Ln||Turnkey||Under Rehab|
|177th St||Turnkey||Inventory – Waiting for Rehab|