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Real estate fun

April 19th, 2006 at 02:26 am

Met with my mom & the real estate developer this AM........and we were both disappointed. Learned a couple things, but we were both surprised to find out this gentleman had only brought one scenario to the table (his). I could see my mom moving back away from the table during the meeting......she was in no way going to sell her property outright to this guy to let him develop it.

As it stands now..........we did make some progress. Mom will ask her renter to move, we'll fix up the house & the apt & see if we can rent them to a commercial sort of tenant. At least the house. Get them both rented so she has more of an income from both. She tends to rent really low, aiming to have renters in there for decades (which she has consistantly done)

Then, we're searching for our own builder to put up a big house on the back half of her primary residence property, then listing that FSBO.

In the meantime, I do think she will be keeping her ears open for a builder that would want to work with her, developing the downtown property. We did find out she could put parking and 1 retail unit on the bottom floor, then going up 2 more floors; holding a total of 4 condo units. She wants to do this so bad, it was totally disappointing to hear the gentleman this morning telling her she would find it to be too much work. He had no idea who he was talking to. I'll bet on Mom!!!

I did bring home a van full of plants from moms.........FREE plants. My absolute favorite. I've got them in the shade here & plan to get them all in their new homes tomorrow. Planted some flower seeds, started some more veggie seeds indoors.... Going to quit for the night & put my feet up! Thinking about money all day was exhausting!!! Smile

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