Setting Goals for 2015

Setting Goals for 2015

Setting goals are one of the most effective and powerful ways for success.  Every successful person or business is setting goals for himself or for his business.  What makes it so effective? Why do you have to set up goals in order to succeed? I guess it is in our...
Rehab Updates

Rehab Updates

We have crossed the holidays and the rehab is in progress.  Like any rehab project this size, we expected to have some diversions from the original plan.  We would like to share with you some of the challenges we are facing and the ways we are dealing with them. One...
Getting the Service YOU deserve…

Getting the Service YOU deserve…

Getting the service you deserve – sounds obvious, right?  It could be if you have the right attitude. I didn’t say you will get the service you expect from day one, but with the right attitude, you will eventually find the right service providers for you and your...
Rehab Execution

Rehab Execution

Now that we have a plan we can start the execution…  The process should be simple – you just follow your plan, right? Well, in theory, yes. But this is a reality show-time. And in reality, how can we say it gently? Things are not what they are in the books.  In order...
Rehab Planning

Rehab Planning

After the celebrations, we knew that we need to place our feet back on the ground and start the rehab. But how do you start a $550,000 rehab of 48 units in 3 buildings, so how we are going to do that? We all know those stories of a rehab project that started with a...
Negotiating the mortgage terms – Finalizing the Terms

Negotiating the mortgage terms – Finalizing the Terms

Short recap we got a commitment letter that was lower than we expected. Instead of getting $1,950,000 we only got $1,820,000 which means that we will need to come with additional $130,000 for closing. When we understood that the reason for that was they thought that...