A bun dance

Options, options, everywhere.

The past weekend in NH was awesome. We checked out the first place, which needed some work. We went on from there to check out a rougher neighborhood, where there is a 6 fam for sale. The cashflow on that property is excellent, but a 20-25% down payment would be needed. This would be lovely to work on in the future -- and as a side note we are not interested in being slumlords, if we buy in depressed areas, we would ensure that it is a place that we would be proud to show others.

That property falls into the Big Deal category, and we could get the financing together, along with the needed partners, but it is not our focus. So -- onwards.

We checked out the East Rock area, and I would love to live there. Many homes are very overpriced. Saying that, I did find a bank-owned in that area that would make sense, so I am excited to check that out this weekend when we go up.

There is a neighborhood just outside of New Haven where the numbers are really making sense -- it is a suburban area with no walkable downtown, just strip malls. We would not live there, as it would be too far to Paul. As it turns out, Yale has very little parking, so we want to be walkable/bike-able distance away. This is a great possibility if we buy out there, and rent in East Rock. We will also check out this area more next weekend.

And then -- drum roll! The B&B Paul took us to stay at is for sale, and it is lovely. To own and run a B&B has always been one of Paul's dreams, and I think it would be a lot of fun while he is in school. The couple, who now wants to retire, used to rent out each floor as apartments and have tenants. They found that it was more profitable, being in the area that they are in, to have a B&B and that it is less wear and tear, lower utilities, etc. This would be a lot of fun, but we would need to learn a lot more. They would owner-finance, and would be moving down the street and offered to watch the Inn anytime we needed to go away (for the going rate of $75 a day).

On the ride up, we prayed for great opportunities to be presented to us on our trip. We got everything we asked for, and more.