Im mostly in Lake and Porter counties but willing to go as far as Indianapolis as well!

Im mostly in Lake and Porter counties but willing to go as far as Indianapolis as well!

Purchase price: $425,000 Vermont Lake Front - Short Term Rental

I have seen people doing boats this was with their lake houses.

The house is on a lake so if you have any advice on lakefront short-term rentals I'll take that as well! 

I have recently relocated to Salt Lake City and I am trying to work my way into the SLC real estate scene.

It is a two story structure with one exterior door on the second floor (on R, facing the concrete retaining wall, about 4 ft below grade), and a second exterior door facing the water (L).The previous owner has torn up the subfloor in the bathroom downstairs, revealing a constant flow of water running towards the lake. 

I have a friend of mine that ive known for a few years and weve talked about doing deals together but we never made it happen. hes currently in the process of building a house in the greater salt lake area that he has under contract for 750K and current market values of the house once its done put it around 950k - 1.1m because of the rise in interest rates his estimated payment has increased almost $1000+ per month and thats more than he wanted, so his plan is to get the house immediately put it back up for sale and collect his roughly 200k+ in equity and buy something with a lower payment.Now, where i come into play is he is wanting some money to help with down payment and potential holding costs. hes wanting 50k and he'll pay me 18% ROI his intentions is not to have the money for more than 3-6 months so I would make roughly 10K for letting him use the money for 3-6 months. does this sound like a reasonable deal?

I verified on the county website that he was arrested for an OWI and reviewing social media there is some other disturbing allegations out there for him.As my property manager - he is my representative for my properties to the public.

My goal for my family of 3 is to house hack in Lake Worth, Florida or nearby area within the next 1-2 years.