695 Riverview Drive
We are fully-occupied, 9 out of 9, and running smoothly.
Panzera Realty has been our property manager for one year as of the 1st of November. Comparing the year ending 1 November 2016 to the year ending 1 November 2015, we have a 20% increase in rent collected and a 22% decrease in overall expenses. We are making money and saving for a future re-model.
Moving to Ohio
I have decided to return to Ohio. I plan to start a business there, but haven’t decided what yet.
I arrived on 14 September in North Carolina as scheduled. We purchased a foreclosure in Graham, North Carolina for $65,000.
707 Brookgreen Terrace
Graham, NC 27253
We closed on the house on 6 October. The house will be used to for employees of Simple Kneads bread until summer, then we will rent it as an investment property. We expect to spend about $11,000 in repairs and improvements, plus about 6 weeks of sweat equity in order to make it marketable. Once prepared, it will be worth about $95,000 to sell or about $800 per month to rent. The rental market in Graham is high compared to the purchase prices.
Simple-Kneads Gluten-Free Bread
Selling bread, pushing every sales channel to expand the market share.
Vino de Coco
The wine is FDA approved and they have partnered with a liquor company to help distribute the product in the US. I still plan on going there in person as soon as possible.
The Stock Market
I’m still out of the stock market.