... well, almost (and now in the proper forum)!
The house right next door to us went up for sale, and we called the broker just a few hours after the sign went up ... so we were the first in line on the list.
Our neighbors though, wanted their 20 year old grandson to get it ... so we were told that if he didn't qualify for his loan, we would be next in line.
... he didn't, even though his credit rating was good (for a 20 year old), and he had a good job that paid fairly well. His debt to credit ratio failed, because he has two cars, and just co-signed on his girlfriends car. That put him over the edge ...
So we just got a call this morning from the broker ... and said the ball was now in our court. Our loan has already been approved, so now it's just working out all the details.
My wife's mother is in her 70's, and lives about 50 miles away. She lives alone, is getting to that point in life that she really needs someone to look after her and her affairs, and my wife has been going to see here 2 or 3 times a week after work and on weekends. We are going to sell her condo, and put her next door to us.
She insits that she will put down what she gets out of selling her condo on the new house (minus what she wants to keep out to buy new furniture and to have a whatever 'nest egg' she needs for emergencies, etc.), so that will bring the payments down quite a bit ... and because of that, we told her that she would not have to pay rent the rest of her life.
Hopefully, all will work out well. So far, everything has been falling into place too perfectly ... and I'm a firm believer in 'Murphy's Law' ...
... so we've got our fingers crossed and are saying our prayers!
we were looking for some investment property, and what better place to have a rental ... than right next door.
