True dat, I don't know her situation, we only waved "hi".Originally Posted by Tuckervill
But often you can sell contingent on your finding another place to live so if she's not leaving the area she coulda stayed.
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Thread: Moving
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07-15-2007, 05:05 PM #1
Now in the PNW
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07-15-2007, 06:58 PM #2
f/k/a Mr. S.
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Wow TriMom, that's a lot of change! You're entitled to be scared...
I'd offer a couple of thoughts:
- consider the area around Bethel Maine (where SheFly also has a home). We were just there on vacation, and about 1/3 of the houses are for sale...all price ranges. It's got cycling, skiing, river sports, etc.
- don't count on an administration change to have immediate affect on anything other than attitudes; it takes years for a new administration to impact the behavior of the Federal Reserve (through Fed governor appointments). Fiscal policy can have some more immediate effect, but I see slightly more downside there than upside in that(IMHO)
- consider working capital in your start-up planning (I'm a banker)...lack of working capital is the primary cause of small business failure. While inventory meets the accouting definition of "working capital", cash is king during the start-up period.
- if you have real "IRS problems", please consider the negative effect this can have on your creditworthiness if you expect to obtain any loans for the new business.
I encourage you to chase the dream and wish you the best.If you don't grow where you're planted, you'll never BLOOM - Will Rogers
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07-16-2007, 06:03 AM #3
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thanks for the reply Mr. Silver and all.
yes, I have 'real' IRS problems. Hence selling the house vs. equity loans to start up a business. Selling the house takes care of the IRS issue and leaves us with just enough capital to get the ball rolling, providing we find some decent rental housing. My credit is shot but I should be ok to use my VA housing loan in about a year or so. The business will have to be a cash operation, but that's ok as long as we get enough from the sale of this house. We'd like to start small and grow without incurring lots of debt.
BTW, I love Bethel Maine. We spent a LOT of last winter there
I have a friend who has a home ON the mountain. It made for a wonderful winter! I am already looking forward to nest winter. As a matter of fact, I just bought new skis last week.
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