I am fortunate to be getting married soon and in doing so we are moving to another home in downtown Greenville which we are renovating. Having enjoyed this one for close to three years, it’s time to move on to the next rehab project. Real estate is my second professional passion after practicing law.
I bought this 3BR/2BA home from a Greenville County Master In Equity Foreclosure sale in early 2008 and before I left the courthouse that day was offered $20,000.00 more then I paid for it. I guess that was a good sign, I made a good buy. (That particular bidder had gotten there after bidding on this home ended, lucky for me). However, I wanted this house for my primary, residential home to live and walk downtown. It was an investment but not purely an investment. I wanted to enjoy it, too.
My best friend and I from college, Christopher Smith, started Smith & Mills, Inc. out of college rehabbing and buying foreclosure homes in 2000 when there was a slight recession and credit was good because we had no cash. We have never really profited any substantial gains on these properties but we keep our fingers crossed that they will be just as good as an IRA.
When I moved to Greenville, I was lucky enough to meet Royce & Jackie Dessaure because they have been a blessing when it comes to dependable, trustworthy, and cost minded contractors. They helped me jump into 103 Arlington Avenue and remove all the carpet, white tile, counter tops, and start the whole interior over again. We ended up putting in all hardwoods, except in the kitchen and bathrooms where we used slate flooring to provide that earthy, warm look. Then went with custom lighting, granite counter tops in kitchen & baths, fenced the yard, repainted the whole home, scrapped the ceilings to have the smooth finish, made a walk in closet off the master, satin nickel plate hardware and switch plates, landscaping and created a “dry bar” out of nook in the hallway.
All this could be yours. I talk and negotiate money everyday with insurance companies so I am just giving this home away at $183,900.00. Now of course we can negotiate some but you got to remember what I got into it. Bought for $95,000.00 + Repairs, fence, appliances, landscaping $75,000.00, + mortgage interest for three years $12,000.00. Hence you have the price listed above. Make me an offer I can’t refuse and if I do refuse it, just keep moving up with your offer.