In Holiday, Tarpon, NPR, PR - etc.

The only thing you need to stay on top of here in Utah is the gas in the winter time.

. - purchase - 70K (It should appraise as is for 90K, considering 23K per floor, as per comps, and there are no liens)- I have 30K of my own money to invest in the rehab- I also have another 10K for initial costs of the loan, closing, attny fees- Thus the initial total comes to 110K - closing - Dec. 15- after the closing, still during Dec,I want to change the roof, check heating and plumbing and secure the bldg before winter (This might take up to 10K of my own money, leaving me with 20K for the first payment to gen contractor, see below)- title insurance and hazard insurance will be in place at closing- January 5 - will perform a new inspection and on Jan 9 my attny will present my renovation plan to the cityI plan to convert 4 illigal condos into two duplex apartments.- January 10 - the rehab will begin with the initial 20K payment to contractor (my own money, not a loan)I estimate the time line for 3 month and the total expense for 80K (including the mentioned 40K) However it might go as high as 100K.

Nathan, Due to the holidays I will probably be working on the rehab for another month or so.

They didn't have to secure the property or winterize it or go through a long foreclosure process.

Hey guys,I have a deal I am working on here in NJ. 2 family that was rehabbed, investor looking to sell fairly cheap (before winter sets in) not a steal but slightly below FMV.What attracts me to it is it's location and I already have a tenant ( a great tenant) willing to move in and rent from me for 4 to 5 years and then purchase the property for ~ 35k more then I am paying for it.

She currently lives in a apartment and a house would be nice but this house roughly 30 miles from where she lives now and the roads sometimes get shut down in the winter.

And right befor the holidays too....

It is really cold here in the winter so I think the cost to run the unit plus lack of efficiency will be to many headaches for me.

This month, due to the holidays, they are meeting on 12/16 instead.