Cooper Jackson

We recently had a big windstorm in Charlotte – beautiful sunny day and 70mph winds. The wind brought down a white oak on one of our rental properties. By all odds, this tree should have crashed down on the house closest to it, or at least any of the other houses or cars around it.

It snapped a power pole like a matchstick

the tree was literally uprooted and no damage to very much at all….

With all the wind there was no chainsaw crews available to help clear out the car that got trapped under the tree (ps: no damage to the car).  Fortunately, my friend Jeff Barber had a chainsaw plus the chainsaw skillz to unearth the vehicle.  Thank you Jeff!

Ed Sniadecki came with us to look at two historic properties as an investment. We are trying to figure out a way to make it work. Maybe office space in downtown Concord, NC? We have to do the comps and find out what the space goes for. Once we figure out how much we to get it into renovated space we can then compare the price per sqft to see if we can compete.

After I saw this picture with the t-shirt Ed was wearing I knew we had to post this. Generally speaking trying to do anything historic like this is a definite no no. However depending on how much Ed comes back with on an estimate price wise we will know one way or the other if we can compete price per sqft. Then we need to make sure there is demand for the space and we can just get started

Hehehe so funny. We need to find a tenant or two, raise the capital and renovate the property. However the hurdles of historic might mean that there is an opportunity to buy undervalued.

Oh did I mention how easy it is to fall in love with the property? The properties are right next to each other. Victorian one about 4K sqft and the other about 3k. Both need some a pretty large chunk of work.

Our sanity may be in question but if you have a vision it is hard not to be blown away by the awesome majesty of these homes. It is all a question of how do we make it work? Please send any and all ideas.

Thanks

Lateef