Saturday, September 30, 2006

I am Back.....

It has been a while, huh? I somehow seem to have gotten out of the blog habit again and then when I thought about it there was nothing really to talk about. Sooooooo, I just didn't write.

But I do finally have something to talk about ----> We finally closed on the property that RK Family Investments (read Jock, Lynne, Todd and Greg) are buying. It was a huge uphill battle. Being a huge first deal for the four of us we really wanted to try to get the best deal that we possibly could. We started this back at the end of February and finally brought it to a close yesterday. There were many, many sticking points along the way - hence the reason that it took so long. We worked out most of them, didn't get everything that we wanted but feel like we have a solid deal. The last battle was the hardest. It was the man with the property next to us; we need to gain access through his property. If we were rich developers we would have just told him that we would plat his land, build the road and the curb and gutter. Well, we aren't the rich developers so we tried to work the best deal we could. In the end we did get him to agree to an easement - although it is movable but there should still be access. Anyway, we went at 1:00 yesterday afternoon and signed the papers to buy 22.5 acres of land for $1.10 per square foot. We believe that if we can hold onto this for a few years we can sell it for at least triple that and make some nice money. In the worst case we believe that we can sell for at least $1.50 right now. So, we are now a company and we now own land. Very exciting! We went out to dinner last night to celebrate at Ted' Montana Grill. It was a fun evening - the kids were really good, all the family members were happy and the food was good - a great night!!

2 comments:

Laura said...

WOoohoooo! Sounds like a great investment! I hope it is worth the wait of getting it! Congratulations!!!!!

Catherine said...

There you are!! Sounds like things are coming together for this!