Saturday, February 02, 2008

Going for it.

Being an employee all your life has certain perils. You get conditioned to think of yourself as working for someone and the idea that you would make all your income on your own, a bit scary. I'm one foot in the employee mindset, one foot out. I've been on commission most of my life so I have a direct connection between effort and income. You might say I'm leaning towards the non employee mindset because it isn't just effort that I thrive on, it's effective effort.

Taking that last step is really tough but here goes. I've found a place that my wife and I want to live in and it's a business as well. I don't even know if I will succeed in acquiring it but I'm trying. I "outed" myself with the Realtor as not having a lot of means, I talked a relative or two into backing me up on taking my shot. The seller has expressed interest in carrying back a second so now we see. How much of a second will they carry? How much can I get from the lender etc.

I was talking with my son about the whole idea on Thursday and it boils down to this. I'll be content to fail in the acquisition phase if I tried, and I'm now officially trying. I'll be content even to fail in the realization phase, less so, but content to some extent. I won't be content to watch the opportunity come and go.

I also know that this is appointed by God that I make the effort. I cannot know what the outcome is. I don't know that in making the effort I am destined to succeed. Too many stars lined up for this to be the wrong path to take. My son unexpectedly showed up on leave from the Army, he's going to be a partner, we went to look at the property together and at the very same time the Realtor notified us by email that the price had been lowered into the range that we thought could be a realistic price for the property. Granted, it was the upper part of the range, but it was in the range.

So now, phase two. The effort. I know I'm on the right path, but I don't know where it leads. I'm hoping it leads to ownership and subsequently success in that endeavor. God knows, I follow. Prayer from all would be nice.

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Your Wingman said...

So how did it go? Did you get the property. Inquiring minds want to know.

Hugh McBryde said...

I keep running into roadblocks, and finding ways around it. Not having a lot of capital to work with I did manage to find funding that required little down payment, only to discover that a thousand gallon or greater gas tank within 300 feet of the building kills the financing. There is such a tank, exactly 1000 gallons. So maybe I could move it. It kills it for now.