You can also see part of our back alley who we share with folks on Eutaw St... VERY nice street of 3 and 4 story brownstones and victorians
Friday, December 22, 2006
The second floor roof in the rear of the home.
You can also see part of our back alley who we share with folks on Eutaw St... VERY nice street of 3 and 4 story brownstones and victorians
Raise the Roof ya'll ....
Our piece of green
Once again the house to the right will be rehabbed through one of our group members, and the two to the left were just completed...
More Neighbors
Vestibule
2246 Linden Ave
Tuesday, December 19, 2006
Eureka !!
The LLC finally settled on our eight row homes during the morning of Dec.15th !! We are now the proud owners of 8 run down homes =)
You will see much more activity and posting now...
You will see much more activity and posting now...
Wednesday, September 06, 2006
Can't think of a title....
Here we are almost two months since the last post... No.. we don't own the properties yet. But guess what... ?? we are getting close.. only 4 to 6 weeks!! I'm just tired of saying it...
At this point we've almost gotten out of the project 3 times this year. But for some reason we think its a good idea to stay in.
Our elusive target date for settlement is now around our wedding anniversary at the end of September... 2006 that is...
We are about to meet with the Architect that 'Healthy Neighborhoods' is offering as a free consultant. Healthy Neighborhoods will be financing our final build out of the home. We will go over our floor plan layout and talk about moving forward with MEP dwgs... (Mechanical Electrical Plumbing)
These drawings and our cost spreadsheet are the last two bigs pieces of the puzzle before we negotiate a General Contractor agreement/contract for final build out.
Now if we can just settle on these properties, and get the stabilized home from the LLC...
At this point we've almost gotten out of the project 3 times this year. But for some reason we think its a good idea to stay in.
Our elusive target date for settlement is now around our wedding anniversary at the end of September... 2006 that is...
We are about to meet with the Architect that 'Healthy Neighborhoods' is offering as a free consultant. Healthy Neighborhoods will be financing our final build out of the home. We will go over our floor plan layout and talk about moving forward with MEP dwgs... (Mechanical Electrical Plumbing)
These drawings and our cost spreadsheet are the last two bigs pieces of the puzzle before we negotiate a General Contractor agreement/contract for final build out.
Now if we can just settle on these properties, and get the stabilized home from the LLC...
Thursday, July 13, 2006
No words can express our disgust....
... Linden update... Guess what... we still don't own our home after 26 months.
Two very heavy rains have deteriorated these properties more.
Stay tuned, but don't hold your breath...
Two very heavy rains have deteriorated these properties more.
Stay tuned, but don't hold your breath...
Friday, June 16, 2006
25 months and counting....
Hello everyone out there in cyberspace.... I know everyone is eagerly awaiting an update to this blog !!! =) Anyway, our latest news is a settlement date of July 10th. I have a 2% confidence factor in this date... Me and Beth are guessing first week in August for settlement, GC beginning work end of august and completing stabilization of our home, 2246 Linden, in December, and us starting final build out with our own finacning and GC January 2007. Assuming 6 to 8 months for final build out puts us moving in around August 2007... only 39 months after trying to buy this home !!!
We'll lock in our final financing over 3 years later than we wanted to... predicting over 2 or 3 points higher than what we could have gotten, and assuming a materials price hike of over 15%...
But, on the positive side, we do hope to use a Healthy Neighborhoods Initiative loan, locking us in at 1% below Fannie Mae rates, and have applied and been accepted in the Maryland Historic Tax Credit program, where we recieve 20% of rehab costs by way of a tax credit, for doing a historic rehab, with max credit at 50K... which we are sure to hit...
We'll lock in our final financing over 3 years later than we wanted to... predicting over 2 or 3 points higher than what we could have gotten, and assuming a materials price hike of over 15%...
But, on the positive side, we do hope to use a Healthy Neighborhoods Initiative loan, locking us in at 1% below Fannie Mae rates, and have applied and been accepted in the Maryland Historic Tax Credit program, where we recieve 20% of rehab costs by way of a tax credit, for doing a historic rehab, with max credit at 50K... which we are sure to hit...
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