so now December 13 I am back. The only reason that it takes me so long in between posts is that I get so caught up in my day to day ops.

Last month I had a week or so that I didnt work on the cabin due to cabinet delivery. I used that time to pour some concrete in my driveway (I had a crack in it). while I was in the middle of that I had one of my guys do some grading in my patio and then I had an idea----why not put in an outdoor fireplace------so I had a guy build a wall --It is about 50 feet or so long.

Then I thought to myself---why not put in another wall in my horse corral and put in a car lift? So I had some guys start that. I am still in the middle of those projects. I also am having the tile done in two bathrooms-----talk about a whole house makeover in 6 weeks! I am doing it because nobody is working right now and labor is really cheap so I figured why not do it now?

Oh yeah--I also bought a new truck --an 08 ford f250 KING RANCH (yeaah) and an 04 jeep sahara for the cabin. I should have the truck and jeep some time this week as the truck is coming from TX and the jeep is coming from N. Carolina.

Now for the fun stuff---BIZ:
Last week was exciting. I looked at a deal that the fed was auctioning off---73 Million in debt in 9 housing developments in 6 locations. The deal consists of 44 complete houses----16 partial houses --543 finished lots ranging from 7K SF to 9KSF. There are also 403 paper lots (not yet graded dirt). Indymac and M&I banks were carrying 73 million in debt that was completely non-performing. We looked at the deal and offered them 5.2 million for the projects ---they TOOK it! There are 6 of us doing the deal and we intend to sell off the houses for 140-150K each which should net us 6.6Million-----we get paid back and have 1.4 or so left over. We are going to create a slush fund to maintain the lots until we can find a buyer for them. Hopefully we can get 20-30K a lot which is the cost to develop the dirt--------lets see 543 lots times 25k Equals 13,575,000! and we still have the paper lots. I wont say out loud how much of the project I own but, it should be a pretty good deal for all of us.

will keep everyone updated-----or hey if you want to buy 10 lots around Yuba city where my good friend Randy J lives let me know---I have some I can sell.