[Industrialblog,
June 16, 2004]
Wish me luck
I'm off today. Applying for the mortgage. Finally got (almost) all of the paperwork together. I'll try to get the rest of the paperwork today. Then I meet with the loan officer this afternoon.
The chalet looks better all the time. While it's not without its downsides, the house still has 80 percent of what I want. Which is pretty good at this point. The price isn't that bad, either. I'm happy with the overall deal.
If this deal goes through, this is going to leave me with two pieces of land. I can develop the other lot at my leisure, or, simply hold it as an investment. But if someone comes along and offers me the right price, I might sell the land.
The chalet looks better all the time. While it's not without its downsides, the house still has 80 percent of what I want. Which is pretty good at this point. The price isn't that bad, either. I'm happy with the overall deal.
If this deal goes through, this is going to leave me with two pieces of land. I can develop the other lot at my leisure, or, simply hold it as an investment. But if someone comes along and offers me the right price, I might sell the land.
I'm trying to get this deal in before the interest rates go up, and I'm locked in at an OK rate right now. (My first builder cost me half a percentage point with his obfuscations and delays.)
I don't know what I'll do with that land. I may speculate and put a house on it and be a landlord at some point, or I may hold it as an investment. Or it may cause a cash flow problem and I'll sell it, after selling off all the wood for scrap. (Kidding on the last one.)