We closed yesterday on another home on the coast. It is a fixer upper (it had about 5 feet of water in Katrina) and will require a complete renovation. So now we have one lot, one gutted house, two mortgages and no home (I'm not complaining... I only share this to be funny; it's been the running joke around the Leavengood family, the kind folks whom we've been staying with). It is all good though. We're excited about the renovations and are confident that, Lord willing, it will turn out to be a very good investment.
I got to work on it today; a father and his two sons from Virginia joined me, along with Dr. Doug Leavengood. We pretty much gutted the workshop out back. Why, you might ask, are we bothering with the workshop, when the whole house needs work? Well, we plan to use it as a construction office/storeroom during the renovation. It needed to be gutted and it still needs new doors and windows. Anyhow, we should be able to finish cleaning it up tomorrow and start installing the doors/windows tomorrow or Monday.
I plan to take the camera tomorrow and will post some pics soon. I also plan to post a hi-level project overview (i.e. tasks that my faithful readers can sign up for).
By the way, we think/hope we are very, very well insured on this property. We have a fire policy, a wind policy, a flood policy and a liability policy. Basically anything State Farm was selling, I was buying.
Oh, and if you're looking for an outstanding banker, look up John Shappley at The First Bank in Hattiesburg. He took great care of us.
B
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