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Updated almost 8 years ago, 12/16/2016

User Stats

6
Posts
3
Votes
Cameron Lewis
  • Real Estate Investor
  • Columbus, OH
3
Votes |
6
Posts

Columbus OH - House Flip #1 - What the heck did I sign up for?

Cameron Lewis
  • Real Estate Investor
  • Columbus, OH
Posted

My opening statement is: I have finally walked the plank, closed a HUD foreclosure a on December 9th, and have been wading deep into this project. Ive talked about doing something like this for awhile now, but lacked the actually doing it part. I am past that hard obstacle, because the papers have been signed. Depending on the time of day and the project at hand, I find myself ranging in emotions and feelings, similar to that of a roller coaster. This is not only my first time owning a home, but my first time renovating the "ugliest house in a nice neighborhood". I have some experience in certain areas and some knowledge regarding tools, materials, and processes. Plumbing and electrical are proving to be my weakest points. But the discovery of black mold recently has also tested me as I try to source its cause before moving on, which as of this post Im still not entirely sure how to move past that.

One of my struggles currently is despite a lot of research, creating and executing a game plan has proved to be tough at times. Ive created some written timelines, task lists, budget estimates, knowledgeable resources and contractor/company references, but putting all of this information into action has proved to be the overwhelming portion.  For example, my bathroom demo and rehab, I see the end result in my mind, but I get hung up in little things in the process like hindsight, analysis paralysis, and reluctance to install something in the wrong order only to see myself having to redo it later and ballooning my budget out of control.  Sometimes I find myself having a question, but cant find the answer, and it holds me up from moving to the next step. 

Ive decided rather than thinking about posting on this forum, I would just open a dialogue and go from there. I appreciate any advice, responses, links, etc in advance. While Im relatively new in actually engaging in this community of people online, I have been reading posts and skimming forum topics awhile now, and love the togetherness of it!!

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