My First Official Investment Move

[Corie Carpentier]

Hi,

My Wife and I just purchased our first investment property. We found an outdated house one of the best neighborhoods in town. We just closed on that property a little over a week ago. 

We currently own a new house that was built before we moved in, and it is in a developing neighborhood, we are going to rent that house out then move into the house we just bought and do a live-in-flip and possibly sell or rent after two years to avoid the capital gains tax on the profits.

Our goal is to get as much stuff done to the house as we can before we actually move in because we have two small children and it will be rough trying to live in construction zone with these two crazy babies.

So, so far we have taken out the whole kitchen, removed ugly tile in the living room and two bathrooms, and started demoing the laundry closet. We have alot of work to do and not very much time to do it with our crazy schedules. I am having to get up at 4:30 every morning to go work on the house until i have to go to my job at 7:30. 

It is kind of a scary process, but it is exciting. I am writing for anybody who may be doing the same thing, if someone wants to learn about how we are doing it, or if anyone has any advice from lessons learned, or encouragement for the road ahead. 

Thanks for stopping by, I'll try to keep this thread updated as we go. Also ill be here to respond or answer questions.

My wife is also documenting our journey on her blog if you want to check that out, she has pictures of what we have done so far. Check out her blog at arrowsinaquiver.com