Jimena Cabrera
Your Investments
Date: 11/4/2024
Progress on the property rehab is going smoothly, with significant milestones already achieved. Everything has been removed, the exterior cleaned up, and installation work completed, bringing the project to 50% completion. Currently, they are awaiting permits for ceiling fans and windows to move forward with those installations.
Key milestones include the completion of both bathrooms and the installation of kitchen cabinets. The cabinets are ready for staining and application of tap code, with similar steps planned for the flooring once it is installed. The upcoming focus will be on installing the windows and finishing the floors.
There have been no issues or delays so far, and the project is running below budget. To share recent photos with the PML, the contact has requested that you reach out to him via email or text, as he wasn’t able to note your contact details while driving.
Date: 12/12/2024
Significant progress has been made on this project. Demolition has been completed for both apartments, and interior painting is finished. The installation of new cabinets and counters is pending, along with completing the bathroom in apartment 2. The timeline remains steady without any delays, though the single-family property has been prioritized, causing a slightly slower pace. The budget remains on track, with electrical work completed for the bathroom conversion. Landscaping is also in progress. An issue arose with the tenant in apartment 1, where the individual residing there was incarcerated shortly after closing. Upon attempting to connect, it was discovered that another party was temporarily staying in the apartment. The eviction process was initiated, but arrangements were made for the occupant to remove the tenant’s belongings, which was finalized last week. Renovations on the apartment were already underway, and the project is now expected to be completed within the next two weeks. The property will then be ready to go on the market. A decision regarding whether to hold or sell this property is under consideration, with numbers being re-evaluated alongside the single-family property and others. The realtor is prepared to proceed with listing, pending final approval and photo sessions. Video and pictures of the property will be provided as soon as possible to share with the PML.
Date: 12/09/2024
We have reduced the price 4x and are at $195k and will reduce the price down $5k each week moving forward. My agent and I believe it is due to the season.
If someone were to look at every house listed in Rittman, Ohio and judge them based off of updated condition and price… I believe ours would win. It’s the only fully renovated home and is still listed lower than all of its comparable properties in the area. If you’ll could please just give me more time. It’s harder to move homes during the holiday season, but trust me we have been trying everything we can. We have held open houses on multiple occasions, social media posts, and reductions.
Date: 12/23/2024
Significant progress has been made on the property’s rehab. The bathroom is being extended, and the ceilings are being raised to allow for a properly fitted door, enhancing both functionality and design. Drywall installation and painting have been successfully completed, providing a fresh and polished look to the interior spaces. Upcoming tasks include finalizing the bathroom and kitchen installations, as well as completing the flooring to tie the entire space together seamlessly. Additionally, the roof requires flashing at the addition to address a previously identified gap that allowed water intrusion. Overall, the project is advancing steadily, with each step bringing the property closer to a high-quality finish.
Date: 01/10/2025
The property rehabilitation is nearing completion, with plans to list it on the market next week. Key milestones align with this progress. No issues or delays have been reported. The next significant step involves selling the property. Budget management remains on track, and photos of the property are available for sharing with the PML.
12/10/2024
The property rehab is progressing smoothly and is on track with no issues or delays to report. Key milestones have been achieved, including completing the new exterior, roof, structural adjustments, leveling floors, and setting concrete and beams. Additionally, the electrician and plumber are scheduled for this week, and orders for the metal roof and siding have been placed. Looking ahead, the next significant actions include completing electrical and plumbing work, installing the bathroom, closing up walls, and fixing the kitchen and flooring. The project remains under budget, ensuring financial efficiency. Photos of the property have been shared with Rod and Ralf for further review. Regarding future plans, the property will be listed on the market upon completion. Everything is progressing positively and as planned!
Date: 12/23/2024
The General Contractor reviewed the plans and proposed adjustments that align better with the overall project scope, working closely with a partner to ensure optimal execution. The updated approach remains near the original budget projection. Any potential differences will be addressed to maintain progress without disruption. Efforts are underway to cover the project expenses entirely through a credit card, enabling funds to be allocated directly to the project while minimizing draw fees. This approach is expected to streamline funding and support continued progress. The project remains on track with a focus on efficiency and cost-effectiveness.
Date: 12/23/2024
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