[Another] Update on Property Search

Thought I would take a moment to give an update on the 620 property. Well, there really isn't much of an update, other than we still have not heard back from the company that owns it. We are left to guess that the estimates came in higher than they expected, but we're left with some frustration because they never got back to us, did not return emails, and we spent a ton of time and energy focusing on this particular property.

So, we're moving on because time is a ticking.

The previous property I had mentioned a couple months ago, off Parmer and Metric is still vacant, and the landlord has reduced the rent, so we're heavily considering it. We viewed it again this week, and it most definitely needs a large amount of cosmetic work, and lots of TLC, so we're hoping that will help us in negotiations.

It's a big house on a large plot of land. Previous tenant was a Russian daycare so the conversions have already been made for classrooms, although we will probably knock down a wall to make 2 of the rooms into one. The upstairs of the house is considered a separate apartment with no access into either side, and is currently being leased to a tenant. Part of our offer will be to take over the upstairs when their lease is over, so we can have the entire building. We're returning this afternoon to view the upstairs, which we've been told is 1600 sq ft (3 large rooms with wood floors, and 3 restrooms), which could be used for a number of different things. Supposedly, a church group is also interested in it, but what I've learned from landlords over the past 1.5 years is they tend to bluff.

Even though it needs work, I love the uniqueness and character of it.