I actually just made an offer on a 3-unit in Salem, NH great location with great rental income, but sadly was outbid.

I will actually be attending the October meeting and maybe I'll see you there.Rob

Once you complete the project you can refinance (without seasoning) for the purchase price + actual repairs done.    

The lender will use the original purchase price regardless of value (if the value is higher than your purchase price they will still use purchase price) After 6 months then you can use the actual value and not the purchase price.Good luck

Account Closed  Thanks Nick as always....Adam and I actually connected earlier in the week and his locations are tough for our coverage area!  

. $850-$900 a piece for two 3/1s and $550-$600 for a 2/1

What actually sparked this post was a story I saw on a proposed development at Taylor & Madison (next to the church), trying to cram an apartment complex into the small lot where the vacant bank sits.  

Real personalized mail is so rare these days that it actually gets read.  

Some of my rentals actually went back to be worth what I paid for them, 20 years before when we had been in a flat appreciation cycle for 10 years.

Obviously I have some concerns with investing in an area that actually snows.1)  Would a rehab be advisable in Indy during the fall or winter?