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Update, property manager and job

May 31st, 2014 at 05:58 am

HI all,

Quick update.

Property manager transition is NOT going smoothly primarily because I can not reach the old property manager (more reason to get rid of him) and my cell phone died so am off the grid except email and fax.. crazy and using other folks phones . (cell is my main phone)> I get a new phone today (woohoo) and I DID switch my plan.. saved $100!!

Being more responsible with my not for profit and hopefully getting us back on track.

NO JOB NEWS. I REALLY want that job.

Praying every day and praying for news next week (good news!)

COntinuing to love the house .. and work on that refinance. After this refinance.. I should be in the clear.. submitting letters and more info.

Hopefully tentative approval NEXT WEEK (with rate info) be a big load off my shoulders

For those not caught up. I bought my house back from bank (out of foreclosure) at the end of January at a steep discount but had to get a hard money loan (12%) and pay 6 points to do it.. worth it if I can exit it properly and asap. Loan has a 6 month prepayment penalty so can leave soonest August 1. I NEED to get out of this because I can not afford loan payment and tax escrow in year two (or it will be very hard). Year one I escrowed taxes in one big lump sum up front so am only paying the mortgage which is $2970 a month.

THINGS ARE TIGHT and the house purchase was not really in the 5 year plan or at least not now. so I ended up doing year 1 w the 6 homes (still unstable but should; stabilize fast under the new property manager) and funding this loan at the time

Enjoy this day guys. Ending w Deacons Wife's comment to me 'I suspect we will both emerge at the end of this fit and fine'

I am counting on that.. pretty rough right now. Smile

4 Responses to “Update, property manager and job”

  1. TashaC. Says:

    I like that quote as well. Things seem to actually be going well for you- keep it up!

  2. rob62521 Says:

    Hope things keep looking up. You have a good, positive attitude!

  3. Joan.of.the.Arch Says:

    May I ask what is the mission of your not-for-profit business? Do you have a board of directors to report to and take direction from?

  4. Rachael777 Says:

    My not for profit is well known in town so would rather not say. probably 70% of my stress comes from that and the other this property manager transition. Seriously considerineg turning over the not for profit.. I do not have time to run it and it has had a leader void for years.. as I have not fuond someone who can lead it from the business leadership side. there are lots of good hearted kind people out there but have not found any that can be a business manager too for what we can pay. Thanks for asking.

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