118 MOODY AVE
Updated Progress
04/22/25
The project is currently on the waiting stage due to missing permits for electrical and plumbing work, which has temporarily paused progress. Once the necessary permits are secured, work is scheduled to resume promptly. The borrower is optimistic for completion which will be approximately six weeks, with preparations underway to have the property ready for sale shortly after.
03/07/25
The rehab progress is on pause at the moment as few permits are still pending, but no need to worry! A new contractor has taken charge of managing all the necessary paperwork and inspections, making sure everything is lined up perfectly to move forward. While work has temporarily paused as the permits are finalized, once they’re secured, things will quickly pick up again. The next exciting step after the rehab is to get the property ready for sale and then move on to the next great opportunity!
01/14/25
The property rehab is currently focused on obtaining necessary permits, including building, electrical, and plumbing. Progress has been limited due to these pending permits, which have caused delays in moving forward with significant milestones. While there are slight budget overruns at this stage, the situation remains manageable. Updated photos of the property will be available for sharing once the rehab work officially begins. Efforts are ongoing to address permit-related issues and streamline the process for the next phase of the project.
12/10/25
The property rehab is making progress, though they are currently awaiting building, electrical, and plumbing permits, which has caused some delays. While no key milestones have been reached yet, the next major step is securing the necessary permits to move forward and complete the project as quickly as possible. The rehab is slightly over budget due to added permit costs, but efforts are being made to manage expenses carefully moving forward. Photos of the property have been shared with Rod and Ralf to provide updates to the private money lender. Lastly, the plan is to list the property on the market once the rehab is complete.
11/18/24
They have made progress in evaluating the initial plans for the property; however, after review, the drawings were determined to require more detailed adjustments to meet permitting requirements. Their team is currently revising the plans to address the feedback received and ensure they align with the necessary standards.
11/4/24
The rehab project has made substantial progress, with demolition, framing, and wall removal fully completed. They are currently awaiting permits for electrical and plumbing, which has caused a delay due to some last-minute adjustments required by the city. Once these permits are approved, they will be able to proceed with the next major steps: closing the walls, painting, and installing kitchen cabinets, as well as completing the bathrooms and flooring. The project budget is getting tight due to the permit delays, but overall, they’re still on track. Photos documenting the current progress will be sent directly to Ralf’s email for further review and sharing.
1st Month
2nd Month
