Slipcovers by Shelley

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white linen chair box pleat skirt

March 22, 2016 by Shelley

My client wanted to replace her old slipcover with a white linen slipcover with a box pleat skirt. Except she wanted the skirt to the floor this time.

Chair–BEFORE–The slipcover was tearing on the arm and getting old. Time for a new outfit!

IMG_5463Chair–AFTER!

IMG_5466This slipcover was made out of heavyweight white linen. I did a 1.5″ blind hem, with 5″ box pleats.
I am in LOVE with her rug! It’s faded, worn, and imperfectly perfect. She told me it was in her bedroom as a child!

SIDE NOTES–

I have 2 spots left for my workshop! Email me if you want a spot.

IMG_4030Condo update— 1 yr ago we closed on our investment condo. It was a BYU approved condo for women’s housing.

My plan was to pay it off in 3-4 years, and then cashflow $700-$750/month after expenses (management fee, HOA fee, property taxes, maintenance). Well 1 year in, and it’s going as planned. I have 2 years left to pay it off, and I want to buy another one or two! I apply the rent and anything else I make towards it.

My tax guy about fell off his chair, when I showed him my Quickbook statement on it for the year. -$39,000 as the net income. In my mind, that’s not really a negative number. It’s all still there–it’s going towards the nestegg—which will start paying me back in 2 years. Where else can I invest $124,000 that will pay me $700 in returns every month? And actually I’m not paying the whole $124,000 myself, my tenants are paying for $36,000 of it.

It really hasn’t been a hassle, we have a management company that takes care of it for $75/month. It’s always been occupied.

My new favorite blog (Affordanything.com)and podcast talk about real estate investing. Super intriguing! I listen to the podcasts while I work, or when I go for a solo run. It always gets me thinking about new ideas. I think at some point I’d love to be a money coach on the side and help people understand their finances and get out of debt.

 

 

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Filed Under: box pleat skirt, chair, debt, white linen, workshop

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Comments

  1. Megan says

    March 22, 2016 at 1:47 am

    Shelley, you are an inspiration. Someday I’d love to have some investment property. I need to put my mind to it and make it happen! Thanks for the tip about the podcast; I’ll be checking it out.

  2. Bronwyn says

    March 30, 2016 at 9:43 pm

    You are so smart! Your family is lucky to have you at the helm of the finances. Hopefully your boys are taking notes to start building wealth young!

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