Time for the total gut after 9 years of rent .

[Matthew Paul]

Bought this property 9 years ago , it was built in the 1940s . It was as close to original with minimal updates when I got it . Its a 2 bed 1 bath . ( on 3 acres)  .  I made it clean , neat and habitable to get it rented .  But now its time for the total gut .  New everything .  

Now here is the problem , I am a contractor and we are swamped , my subs are swamped . Its going to be a slow project since we are  busy  elsewhere . I will have to use this as fill in work when we have delays on other jobs .  It was raining this past Sunday , so I took the demo crew over . Myself , and my 14 year old and 17 year old .  They liked it for the first hour , by the end of the day , not so much .

This project is already paid for , it rented for 9 years , money was allocated from the rent for this project and was put on the side .  In its prior condition it was a low C rental . When its completed it will be a high B rental . With a 30% to 40% increase in rent . 

It will take longer than I would like , thats just the way it is .  But the entire project will be covered by the profits of 9 years of rent