Alright it is a new year, tax time is here and so is the first payment on my first investment property. I actually have had the payment saved for a couple of months as this deal has kept sliding back. I’m happy it finally went through and can start paying it off. I actually haven’t been out to the place in a couple of months but plan to visit more when the weather gets a little warmer. I think there is actually a nice blanket of snow out there now.
This year is shaping up to be another busy travel year. At this point I have been out of town more than in town this year, but I really hope it breaks down to about half time on the road and half time home. Recently travels have taken me to some of the coldest and smallest cities around the states. On the flip side I can definitely say that I have seen places that I would never have imagined visiting in my free time. I can’t complain too much though, all the travel will help get the land paid off that much quicker.
Plans for the land are going to take a little longer than I had thought, the well on the place may not actually be usable, but there should be water there that I can find. For now, I will have to find a good viable well before I invest too much effort in construction. I’m thinking about little temporary buildings to help enjoy the place until construction begins. First I need to read the covenants for the neighborhood and see what I can actually put out there. There are a just a couple of rules, but they are mostly in place to prevent the block from turning into a trailer park, so I can’t complain too much.
Next steps: test the well for flow rate, dig another well and start rough plans for house so I can see how much that investment is going to hurt…
