Well, I decided to take my own advice and buy an investment property. My husband waved his hand and said “good luck”. Not the heartfelt endorsement I was hoping for, but not an “Are you CRAZY?” either. So, I got together with my two girlfriends, two of my children, three of her kids and we are forming a LLC (Limited Liability Corporation) and are putting an offer in on a single family home in Cape May that we hope to fix up and rent by this summer.
The first thing that happened was a call came in from the other realtor saying the Seller had accepted our price. I called my other 7 partners and my stock broker to get the ball rolling. The Seller wants to settle by the end of the month. Then I got a call from the other realtor saying the Seller misunderstood the price, and could we raise our offer $10,000.00?
A sign of things to come? I’ll let you know.