Our New Vacation House

We finalized the purchase of our first vacation home today. 2300 square feet of ugly run-downness in Springville, Utah. I'm not sure we'll ever get a chance to stay in it, let alone visit it in person. We actually partnered with Maren and Sean to fix the house and re-sell it quickly for a profit. Maren negotiated an awesome deal with the owner (30% less than its original asking price), and Meg and I are providing the financing to repair it, market it, and sell it. Meg has wanted to do this for a while, so she is excited about doing the work, at least on our end. Maren and Sean will coordinate fixing the place up (they live just a few miles away), while Meg acts as the banker for the deal. We hope to beautify and sell the house within 4-6 months--the sooner the better, because we'll be paying interest every day on it until it is off our hands.

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