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Pulled the trigger - again


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2010 Nov 3, 5:40am   21,720 views  76 comments

by Bap33   ➕follow (0)   💰tip   ignore  

1)Followed a pre-forclo until it was REO.
2)Read the paper on the front door and went to the website listed.
3)Signed up to be able to bid on the property on-line style.
4)Property came up after a few weeks, I placed an offer on-line, they countered, I accepted their counter, and I just now signed and returned their addendum docs with my check for title via scan/email. I used a REtor lady that had been working with me for about 2 years (opening doors and submitting offers). She set me up with proper offer docs and such. The on-line REO selling company preferred I get an agent.
5) when those docs come back I go to my lender

It sure saved time and money not having to deal with some REmfer between me and the holding company. If you want, look into Altisource and you may like it too.

1800 sq.ft, 3/2 ranch built in '89, end of a court with 6 acre lot homes, built in pool, huge garage, 1.15 acre square (not a pie shape), in one of the more exclusive rural areas of 95301 ...............

honestly worth about $175 - 195K
accepted offer - $134,500

Stay tuned

« First        Comments 54 - 76 of 76        Search these comments

54   Bap33   2011 Feb 5, 11:36am  

@ToT, roof, flooring, painting, doors, jambs, casing, base, toilets, sink traps, undersink cabinet bottoms, new A/C, privacy/pool fence, sink fixtures, some outlet upgrades to GFI, plumb for gas at oven and dryer, removing all near-house landscape and lower near house grade, .... just little stuff too.

@seaside, thank you. Yep, closed. I have a card in my back pocket that says I used to be a capenter. Most of the stuff is under the 203K contractor bid. I'm just doing the extras that help things come together nice. As far as pics, I took a bunch of "before" pics, and even did a vid walkthrough on my wife's camera that's about 12 minutes long. I have no idea how to post such things on here, but I my be able to set something up on some hosting site (?). Anyways, I have tons of "before" pics. The "after" pics will be a couple months out.

@ellie, thanks. Getting old sucks.

55   Bap33   2011 Feb 11, 11:52am  

One week after close:
New roof will be 100% done tomorrow
New HVAC and some duct modification all done.
New facia and re-hung some gutter.
Some new starter board (the plywood you see from under over-hang)
All base and doors removed
New jambs installed in a few spots, doing match doors everywhere else
Toilets removed
Removed fart fan covers, but left in fans until after painting and then replace.
Removed all HVAC duct registers.
Switch plates and plug covers removed
Removed the door chime off the wall ... first time I could remember taking one of these things apart.
Lights and fans removed
Window blinds removed
Walls repaird (one more coat of mud and some areas will be re-textured)
Pool temporary secruity fence done
Weeds mowed and then rotatilled
Some fence removed after wind blew it down
Removed some corny pravacy lattice that looks like it once surrounded a spa
masked off everything but windows and front door.
Ran gas line for stove and dryer
Removed some shrubs against house. Tons more to remove.

Next up:
Prep for paint inside.
Refinish butcher block top of island
New angle stops everywhere
May replace kitchen sink, but the 1/4 round tile on it is absolutly cherry, and I do not want to screw it up.
New light bars in bathrooms
Remove these super big, wall size mirrors in the master dressing room and replace them with skinny mirrors from the circus.
Remove the shrubs and set grade away from house
Need to either repair some windows or get inserts.

getting in the swing of things now. only bummer so far was making a pecker track on my new facia ... first 16# galvy I'd driven in a few years ... and it had to be in prime location. Me and my brother laughed a while over that one. I see it every time i walk by. lol

56   RC2006   2011 Feb 11, 12:47pm  

How much was new HVAC, did you do the roof your self?

57   Bap33   2011 Feb 11, 12:58pm  

new roof mount 3.5 ton, 13 seer I think, new plenum and draw duct, installed for $3,700

I am not doing the roof installation. 1,800 sgft home, 5:12 roof, not cut up, lifetime comp, top of the line felt, for $12K, includes stripping and taking old shake roof to dump, installing all new osb plywood over the skip sheeting, all new flashing and tin work. Not bad for $12K.

58   elliemae   2011 Feb 12, 2:04am  

Bap33 says

Remove these super big, wall size mirrors in the master dressing room and replace them with skinny mirrors from the circus.

Marry me!

59   Bap33   2011 Feb 14, 12:49pm  

finishing up the base and doors and trim work tomorrow and Wed.
sheetrock repairs completed.
doing some plumbing improvements Wed.
Painter should start Thurs.
I'm tired. Gnite.

60   seaside   2011 Feb 14, 1:16pm  

Bap, double congratulations.
You bought house and you got a propose from elle. Does your wife knew this? :)

Man, your capenter background really helps. I don't even dream about some works you're doing, partly lack of experience, partly due to my spine problem. Keep up with good work, don't push too hard.

So, what's your choice of color for what rooms?

61   Bap33   2011 Feb 21, 10:58am  

Pushed the painter back a few weeks
decided to do an addition, waiting for plan check and permits
nothing fancey, just put a room where some covered patio now sits. No roof work, just slab and walls and elec and insulation and rock and done.
removed the stucco from walls and lid and hammered the patio
framed in new windows and entry for addition
can't do much more until permits hit my hand
so, this week I'll do plumbing and fix some windows
side note- found the sewer clean out. This is a great thing to know the location of.

62   Bap33   2011 Mar 3, 11:59am  

inspection for foundation tomorrow, cement Sat if no rain.
got everything torn to shit right now, but it will all mesh back together at once.
friggin windows must be made with baby white rhino testicals, they are expensive.
the last few weeks have not rocked.

63   Bap33   2011 Mar 15, 11:53am  

ok, update time:
put in windows and ready for stucco to begin tomorrow
inspection for rough frame, elect, lath next day
insulation and sheetrock installation start late Thurs.

coolness points for this: Added a home switching center for the cable / Cat5 / phone / modem to be all in one cabinet. Ran all new RG6 and Cat 5 to all rooms. My buddy is really into this stuff. He does homes on the coast for like $7K a piece, so we are just using spare parts and making my stuff all baddassed super tech !! lol. If you want the badass central panel, hit me up.

So, plumbing is all done except top-out of new fixtures in all lavies and kitchen and toilets. That stuff will all be last anyways. WIth all new angle stops I have no problem doing fixtures over brand new hardwood floors.

Ran exterior light plugs to two under-eve locations with a switch in the master closet for X-mas lights. Cool huh?

Refinished the kitchen island butcherblock top ... oh my god it looks like WOW ... I suprized myself it came out so bitchen. Lots and lots of linseed oil and buffet it with stuff like beeswax (but not bees wax) and it looks badassed. I may have to load a pic.!! lol

back after a week or so,
adios.

64   toothfairy   2011 Mar 16, 2:29am  

wow cool. id like to see the countertop if you have a pic

65   Bap33   2011 Mar 16, 1:03pm  

It would be much better if I had "before" and "after" pics .... we'll see.

I do need some help finding the best way, and least intrusive way, to remove smoke damage from some of the bricks on the fireplace. They are not too bad after I hit them with some mild cleaner and a stiff brush and then a rag ... but, they are still a bit tinted. My brother says I should just paint them all white. They are currently red cement brick with that blotchy grey look that makes them look like "used" real brick.

66   Bap33   2011 Mar 29, 2:50pm  

texture 1/2 done. they finish tomorrow
I'm running base and trim tomorrow with my brother
painters start caulk and putty on Thursday
painting will be done around next Wed.
I'll start detailing the inside when the painters leave.
Electric and communication lines get terminated next.
That leaves just the floor covering and appliances, blinds, light fixtures, plumbing fixtures, shower enclosures, ceiling fans ... I'd guess we are 3 weeks from completed with the whole deal (interior).

Stucco finish starts tomorrow too.

On the outside I have been removing old fence and trees. I dug up power and water lines by hand to help avoid hitting them with the tractor. I have some very large tree removal starting soon ($800 worth). Things are getting cluttered in the garage and here and there becaue I have only a medium sized dump trailer. I think I need a dumpster, but they are expensive.

67   Bap33   2011 Apr 21, 4:33pm  

okie dokie ... I will be putting the finishing touches on the inside next week. The place came out even better that I figured. Spent about 15K on the addition and some other detail work I did and outside stuff I paid for.
delivering appliances Saturday
moving in some stuff that is in storage.
mostly reinstalling stuff, changing switches,plugs,plates to deco white, little things.
all hired tradesmen will be done and gone by Wednesday.
2nd draw from the rehab loan next week too. Doing a change order to repay myself for some plumbing and windows I paid for, paid out of the contingency money (I hope).

Milgard windows are expensive. Nice though.

and then ..... the outside gets undrway. Trouble is, I am out of money!! lol No shop is a bummer. Anyone wanna sponsor me a shop? I can get 24 X 26 steele up and done for $7,000 including a 20X20 approach pad. Anyone? lol

68   Bap33   2011 Apr 27, 2:07pm  

okie dokie ... sent off Draw #2 for the 203K Rehab loan. It has everything but the appliances in it, so I will have one more draw and a big change-order to access the 15% cushion that was created.

The entire interior is done. I only need to finish detailing some cabinets and getting some blinds.

Need another gorillia to help me lift the island back into position. Co-worker shall be volunteered tomorow.

I have two doors to hang. New rear patio man door and new garage man door. Paint is drying on them.

We need to get some good carpets for the entry points to control some dust. Stinkin hard wood cherry colored floor shows the dusty boot prints very well.

Wife and oldest daughter cleaned a few windows today. I am suprized as you are.

Put a new door bell chime and button. Ding ding dingding .... ding ding dingding. You know the one.

And so ... completely out of money (about $3K cash total left in bank, 25K in signiture loan [$500 a month payment for 60 months] used to fund addition and extras, 130K in house loan, 34K in rehab 203K [1,300 a month for 30 years]) so, $190K in debt against a $250K estimated house value, and $3K in cash ( I feel so naked without cash). I will refi as soon as the rehab loan is finalized if rates are still good.

Outside work will be slow due to no funds. First I must paint the outside. It will cost about $700 in material. I am doing the backyard/pool fence next. Friggin fence is $10+ per foot just for the material. Absurd. That makes it a $3,000 pile of wood for me to build with. Next will be some front yard doctoring and circle drive stuff. Again, just doing what I can without spending money. Cement is still $75 a yard, so I'll be pouring in a patchwork fashion on paydays .... lol (the construction guys will get it and laugh).

Ok, anyone have any questions about the 203K rehab loan? It worked for me.

69   Bap33   2011 May 12, 3:48pm  

planted water melons. lots of em.

mucho yard work all weekend.

appliances come Monday, then we start putting in our junk.

70   vain   2011 May 12, 4:05pm  

Bap33 says

planted water melons. lots of em.
mucho yard work all weekend.
appliances come Monday, then we start putting in our junk.

Put a few watermelons in square jars so they come out like this for fun:

Fits nicely in the fridge. It'll mold to the shape of the glass but you will have to break the jar when it is full.

71   Bap33   2011 May 12, 4:22pm  

how does it spin on the vine with a block shape? That is pretty neat. May try it with a wine jug, just for kicks.

72   American in Japan   2011 May 13, 2:18am  

I've seen these...they are grown in Japan...

73   Bap33   2012 Dec 13, 2:54am  

Alrighty ... just refied down to 3.5 from 4.64, the loan cost will be paid back with the savings in about 3 years. House appraised at $260K, into it for 191K total.

Completely repainted the exterior.
Built shelves for inside the garage.
Shop and cement around it were done last summer.
Finished off the inside of the shop, epoxy floor, slick OSB side walls, lots of lights and plugs, wired for Cat 5 and Cable.
Oh, and the epoxy floor was a real challenge. I wanted to have a metal flake over white floor, to give it a 50's vibe. Well, I muffed up the application of the metal flake, made a mess and used up $200 extra in epoxy, but now it all looks ok, just plain bright white .. no clear, no metal flake. lol. This story is much funnier while standing in the shop!

The only thing really needed to do, besides constant maintanance, is landscape and flatwork.
I have diced, graded, and worked the lot to smooth and flat, and ready to be made cool, just don't wanna go into debt for landscape and flatwork.
Cement is $100yd, my cost, on Saturdays, with a full truck and no stand by time. Running lots of sprinklers on a well is not my favorite thing either, so I'm looking at lots of flat work and mow-strips to allow for rock areas.

top-grade laminated Hardwood floors are awesome, and the dog cant scratch them.

Black Appliances look neat but are hard to keep clean and look like crap too much of the time. Kinda like a black car.

Fire stove is a harth mount and is amazing. Uses very little wood, makes lots of heat. House is at 80deg and kids walking around in summer clothes after showers at night.

The market is pretty strong around the area because folks want to get away from the scummy areas. That is the only motivator in this area, I think. Otherwise, it's farther to the store, DMV, Doctor, ect. No sidewalks around here, and that can be an issue.

Kids have friends all around and the court we are on the end of is the playground. In the summer months there are nights when there are 15 kinds between 7 and 12 out on the court with scooters, bikes, or balls, or just running around being kids. Not a bad situation right now. I'm sure when they are all teenagers I will be keeping my daughter closer to the house! lol

my gorillia guard dog is getting lazy and fat due to no more true guard duty.

Merry Christmas

74   Tenpoundbass   2012 Dec 13, 3:05am  

Bap33 says

welp ... the lender did not send docs, they sent more requests for stuff we should have had requests for a month ago, or more.

Or as I found, stuff you've sent tens times already in the last month.

75   leo707   2012 Dec 13, 3:06am  

Congratulations Bap, sounds like it is going well. Thanks for the update.

Bap33 says

I'm sure when they are all teenagers I will be keeping my daughter closer to the house! lol

Good luck with that!

76   Bap33   2012 Dec 13, 12:38pm  

15 kids, not 15 kinds .... 15 kinds made very little sense. lol

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