fliprent

This thing with the house in the Hopkins area is driving me crazy.  I’ve had this project on hold for two weeks now and I’m loosing my mind.  Actually this property has been on and off for the entire time that I’ve owned it due to the organization/city attempts to derail it.  I’m not sure if I should proceed to finish it or if I should wait until I hear from the city.  The letter that was recently sent from “the organization” stated that I should receive something from the city within 2 months from the date of the letter.  There is a lot going on with this area and I am hearing rumors from different people about what they want to do with this block.  The latest rumor is that they want to rezone it to commercial, and sell the properties to doctors so that they can run their practices from them.  The property is directly across the street from the main hospital campus, so it is in a prime location.  A couple years from now, this block will be worth a mint. 

House flipping is a business but I would actually consider moving into this house if I can keep it.  The problem is that the city wants it.  They don’t care that I am rehabbing it or that I would make it my primary residence.   What they are doing seems unconstitutional, since I am not sitting on it like a lot of investors.  The ordinance clearly states that homeowners on ”preservation blocks” will remain and only properties that are not up to code or in vacant status will be acquired. This property was vacant when I bought it and needed a full rehab.  This is what I do, buy vacant properties and rehab them.  They can clearly see that I am raising the property and they are using every tactic to get me to stop.  Does this sound like a government that is interested in improving the quality of life in the city or one that is interested in making money?

 You can follow along with this project by clicking on the Hopkins Project category or clicking here.