Jane_Doe
Recycles dryer sheets
Hi All!
I’m “jumping in” here. Seems like it’s the right time to get my feet wet. I’ve been lurking here since last February when I came across this board. I really want to thank all of you
(especially Dory!) for giving us so much information and guidance! The humor and camaraderie is fun, too!
Background - married to DH for almost 25 years. Lived in same house for 20 years. Two kids - senior in HS and oldest is in third year of college (state school). Both are pretty
independent, like their folks. Husband and I have pretty much always been in business for ourselves. He had a small business in the construction field and I did his books and office
work from when the kids were small. Have bought and sold real estate. Kept some as rentals - our main one has commercial buildings which we built years ago and have several businesses as tenants. Right now have stopped construction business and are both concentrating on a business (bar/hospitality) we started a few years ago. We have some cash in the bank, but have a lot tied up in real estate.
Our dilemma, and what brought me to this wonderful board to begin with: someone approached us to purchase our commercial buildings and I realized that for the right price
we could be done and “outtahere” if we play our cards right. That deal didn’t pan out, and we have done a lot of thinking as to getting our ducks in a row. Our bar business is
located on that property. If we wait for another year, there are some things coming to fruition that will give me a nice pay off and I can sell it for a nice little profit. That’s the
first goal. I feel like it’s a carrot sitting in front of me, keeping me going like the little engine that could! My husband doesn’t mind the go, go, go, but I’m burnt out and really can’t wait for the sell out.
Meanwhile if we just sell the business alone, we can live off the rent money (plus our other rents) pretty comfortably, but ...... If we sell the whole property, that would pretty much
set us up. We don’t want to rush into anything on that, as there are things changing in the neighborhood and community that should only enhance our property values, plus I need to wait to sell the bar. However, with the RE “bubble” you never know -- I’m a real “bird in the hand” person and think if next summer the right offer comes we will grab it!
So ...... I have been reading (mostly inter-county library, some ebay purchases) LOTS of books as well as magazines, websites, and of course, here. I have quite few ideas,
questions, etc. as to what to do with the money if and when we sell the property. I really don’t want to do anything stupid. I will start a new thread later on (I know, you-re all saying thank God, she’s finally shutting up!
) regarding portfolio/investing Q’s.
Thanks again for this board! You guys (and gals) are the Bomb!
“Jane”
I’m “jumping in” here. Seems like it’s the right time to get my feet wet. I’ve been lurking here since last February when I came across this board. I really want to thank all of you
(especially Dory!) for giving us so much information and guidance! The humor and camaraderie is fun, too!
Background - married to DH for almost 25 years. Lived in same house for 20 years. Two kids - senior in HS and oldest is in third year of college (state school). Both are pretty
independent, like their folks. Husband and I have pretty much always been in business for ourselves. He had a small business in the construction field and I did his books and office
work from when the kids were small. Have bought and sold real estate. Kept some as rentals - our main one has commercial buildings which we built years ago and have several businesses as tenants. Right now have stopped construction business and are both concentrating on a business (bar/hospitality) we started a few years ago. We have some cash in the bank, but have a lot tied up in real estate.
Our dilemma, and what brought me to this wonderful board to begin with: someone approached us to purchase our commercial buildings and I realized that for the right price
we could be done and “outtahere” if we play our cards right. That deal didn’t pan out, and we have done a lot of thinking as to getting our ducks in a row. Our bar business is
located on that property. If we wait for another year, there are some things coming to fruition that will give me a nice pay off and I can sell it for a nice little profit. That’s the
first goal. I feel like it’s a carrot sitting in front of me, keeping me going like the little engine that could! My husband doesn’t mind the go, go, go, but I’m burnt out and really can’t wait for the sell out.
Meanwhile if we just sell the business alone, we can live off the rent money (plus our other rents) pretty comfortably, but ...... If we sell the whole property, that would pretty much
set us up. We don’t want to rush into anything on that, as there are things changing in the neighborhood and community that should only enhance our property values, plus I need to wait to sell the bar. However, with the RE “bubble” you never know -- I’m a real “bird in the hand” person and think if next summer the right offer comes we will grab it!
So ...... I have been reading (mostly inter-county library, some ebay purchases) LOTS of books as well as magazines, websites, and of course, here. I have quite few ideas,
questions, etc. as to what to do with the money if and when we sell the property. I really don’t want to do anything stupid. I will start a new thread later on (I know, you-re all saying thank God, she’s finally shutting up!
) regarding portfolio/investing Q’s.Thanks again for this board! You guys (and gals) are the Bomb!
“Jane”
![:-\](https://www.early-retirement.org/sk/forums/images/smilies/undecided.gif "Undecided :-\")
