Tom: Sorry to report that the building has not yet been constructed. Had to use the proceeds to hold on to the 20 vacant lots during the period from 2008 to current. I did set aside that double lot properly zoned for a 4460 square foot building. I have the lot paid off, the utilities roughed in and the 40 by 60 walls poured. Then I ran out of money. The next step is the more expensive one, and if I sold all my cars I could afford to build it out
. But then what would I put in there?
Costs have risen since my aborted start, the building permit is now expired (cost my $948 back then) and now it is more than $5000 to renew.
Seems that financing is finally coming around and I hope to construct 2 more rental buildings this summer. I can get loans for those, since they have cash flow. The building does not, making it difficult to secure funds. So I have to save up and pay cash. I am at $85K at this point (lot, utilities and foundation work). I estimate that I will need at least $150K to complete. It will be "special" when I do get it done. I might have to move in when I get it done!
Will you be in Great Bend this September?
Cheers!
TomK