Once today is over all the flurry of activity will be done for awhile. I am happy about that. What I am not happy about is the continuing fear that I have messed up. That I made this move with the idea of future improvement in mind and lost sight of the immediate need. I have said this before, and it has never stopped being true. I fear that I am flying too close to the sun.
That I have taken the family finances down to a level I don’t want them to be at in order to get them to a better position. A lot of what happened isn’t exactly my fault. The first thing is the timing. I couldn’t control when the renters contract was up, second I couldn’t control when property taxes are due, third I couldn’t control my mother going into the hospital, and fourth I couldn’t control how slow the bank is being with my refinance.
If this were as simple as hitting a button and my refinance is done and the two new properties are rented then I have added close to $6,000 a month to our families’ finances. That is no small thing. The refinance will help me to control the monthly bills my mother is getting and the new properties will bring in more revenue from the business. This is big.
I can’t forget in all of this that I did attach a loan to everything. A loan that has no payment due but also accrues interest daily. So every day I spend dithering on the payback of it and taking money for the improvements is a day it sinks lower and lower. The smart thing would be to go ahead and take the money I estimate we will need for improvements and start paying back the loan.
With that written out I do think that is what I will do. I will jump right into that pool and if the improvements end up being less than expected then I’ll pay back a larger sum, but getting some payback set up will help greatly. All these new insurances, earnest money deposits, and property taxes have drained an account that was starting to look great with a good plan set up to be able to cover all expenses and be able to pay my mother.
It is all so much and I haven’t even gotten into how my own business has been impacted.
David Huzzard Writes 