Ooh-wee, things are moving right along here in Hermit-land. And yes, we have another new project to work on! Here’s the story of the Washington House.
A Long Time Ago…
So, maybe not a really long time ago, but a pretty long time ago, like at the beginning of December, Russell found a 3-bdroom 1/5-bathroom house in Cameron on his “MLS Monday” search. We were intrigued. The price was low for what looked like a house in pretty good shape. We were a little worried that we might not be able to get it, because it was a HUD property (foreclosure), and they prefer to sell to people who are going to live in homes, rather than investors.
So, we asked one of our real estate friends in Cameron, Jennifer Young (she helped us buy the old church), to show us the place. We liked it a lot. It has great curb appeal, is on a big lot, has no neighbors crowding it, and is very close to the schools without being right on top of them (a teacher’s dream). Of course there were lots of issues with it; it was a foreclosure, after all.
We put in a bid, but of course we lost out to someone who bid more and wanted to make it their home. The Hermit Haus Redevelopment team decided they didn’t want to work on that one, anyway.
A week or two later, Jennifer called to say that the deal fell through. She said she’d really want to fix it up herself, but since she hadn’t done any renovation before, it was a bit intimidating. That’s when Lee came up with the idea of doing a partnership with her on the project. We’d deal with the finance part, and she could work as the project manager and learn our systems, etc. That way she’d not be all alone, but our Cameron team wouldn’t get over-stretched managing another project while so many others were going on.