L
Let's Go Devils and Celtic
Guest
Re: Thank you.
> It has been 12 years in the making. But I'm being cautiously optomistic. I
> can officially quit my "real" job now if I want.
> A new roof on the 12-unit will cost just over $16,000. All of the siding
> needs to be removed and new siding installed. That will cost about
> $28,000. And then there will be maybe $8-$10k in other less critical
> repairs and upgrades over the next 3 or 4 months.
> The asking price was originally $1,100,000. The seller came down to
> $970,000 and then $960,000. I showed him the estimates on the work needed,
> and I offered him $930,000. He accepted. We close on Halloween
That's a great price, plus aren't the repairs tax deductible? The real problem, at least in NJ, is getting people to show up and do the work. Have you been eyeing the properties for 12 years? I'm sure you will do great with them. Halloween is such a great day to close.
> It has been 12 years in the making. But I'm being cautiously optomistic. I
> can officially quit my "real" job now if I want.
> A new roof on the 12-unit will cost just over $16,000. All of the siding
> needs to be removed and new siding installed. That will cost about
> $28,000. And then there will be maybe $8-$10k in other less critical
> repairs and upgrades over the next 3 or 4 months.
> The asking price was originally $1,100,000. The seller came down to
> $970,000 and then $960,000. I showed him the estimates on the work needed,
> and I offered him $930,000. He accepted. We close on Halloween
That's a great price, plus aren't the repairs tax deductible? The real problem, at least in NJ, is getting people to show up and do the work. Have you been eyeing the properties for 12 years? I'm sure you will do great with them. Halloween is such a great day to close.