The Accidental Smallholder Forum
Community => Coffee Lounge => Topic started by: sellickbhoy on October 16, 2009, 03:23:09 pm
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OH my stomach is in knots!
had a wee chat with my neighbour - they are thinking of selling their house - they live in the upper flat and i have the lower flat. This might be my only chance to buy it and at some point in the future have one big country house! sadly she won't be selling any of the 5 acres that go with it - so i'll ahve to settle with my little half acre.
Now to speak to the bank - heres hoping they'll see the investment opportunity and give me some money!
What the hell am I gonna do with a 5/6 bedroom house? and that's before i even convert the loft to my games room?!!!!
I've done no work today!!! ;D
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ooh, that sounds exciting. I will keep everything crossed the bank are agreeable. They do seem to be lending more - they even lent us some (under protest I might add) to buy this ramshackle, in need of much work farm .....so hopefully you will have no bother!!
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Start a B&B, perfect! Why is she not selling any of the land? Maybe you can sweet talk her into a compromise?
Good luck with the bank!! :&>
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Grab at it while you can
One thing to consider - would the monthly rent for the place cover the mortgage for you for a couple of years?
The bank manager may be more willing to give money if he can see that money will be coming in every month, and at the end of the day, it is still your property for future integration.
Good luck - hope all goes well, have everything crossed for you ;D ;D ;D
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Start a B&B, perfect! Why is she not selling any of the land? Maybe you can sweet talk her into a compromise?
Good luck with the bank!! :&>
she has horses and stables on the land.
she'd rather keep a home for the horses than one for herself!!! LOL
To be honest, my half acre is plenty for me - for now.
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If you get to buy the house, see if you can get somthing into the deeds which will give you the first right to buy if she wants to sell the land, whenever that may be. You never know, it might come in handy one day! :&>
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What a great opportunity....Good luck :)
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What the hell am I gonna do with a 5/6 bedroom house?
Have a chat with future mrs sellickbhoy, then fill them with babies ;)
Given 3 or 4 years they'll be great wee helpers for digging, pulling weeds and collecting slugs ;D ;D ;D
But it does sound like a fantastic opportunity - if you need an interior designer (who's very good at doing things as cheaply as possible ;)) just give me a shout ;D
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we've had the babies chat - and i think that is the plan
however, i grew up with 5 of us to a room - and the 3 wee'est had to share a double bed!! so, unless she is having 25 of them, i still don't know what we'll do with all the room
once i have it i'll worry about it!!!!
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HH, Do your children really, really help in the garden (or anywhere else)? I think even my ducks are more useful there ::). After all else failed I promised them both the market value of their produce if they manage to do grow anything. When my oldest lost most of her radishes to slugs she said "I won't bother with gardening again". there might be hope for the younger one, if it wasn't for the weeding and watering ;D
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good luck
(with baby in arms and feding at the same time)
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If you get to buy the house, see if you can get somthing into the deeds which will give you the first right to buy if she wants to sell the land, whenever that may be. You never know, it might come in handy one day! :&>
Good advice.....Good luck with the negotiations etc. ;)
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HH, Do your children really, really help in the garden (or anywhere else)? I think even my ducks are more useful there ::). After all else failed I promised them both the market value of their produce if they manage to do grow anything. When my oldest lost most of her radishes to slugs she said "I won't bother with gardening again". there might be hope for the younger one, if it wasn't for the weeding and watering ;D
Yeah, they do, really !
They love collecting the slugs eurgh ! :P Makes me sick !
Rebecca, 6, likes weeding (to make the garden clean) and Kaitllin who's 4 is never happier than when she's up to her knees in muck, with a spade in her hand.
They are interested in growing stuff, but only quick cropping stuff or they loose intrest. Both have a huge amount of intrest in the strawberries - I wonder why ;)
I'm glad they enjoy it and try to make it fun for them, pea wigwams, letting them attack the planters with paint to decorate them prior to planting, also having a planter each they automatically feel in competition with each other and both want to win so they put more into it. I'm hoping it continues for a long time, I've got half an acre earmarked for a market garden type set up in the future ;) ;D
I also have to admit to making them help in the house :-[
They both have to tidy their rooms, take turns at hoovering (albeit badly) and Rebecca even feeds the dog and puts away her own washing. In fact, I caught her in the kitchen last night washing down the cupboard doors (I hadn't even mentioned that they were dirty, she just decided off her own back to do it) - she's a wee star :love:
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Just read in the paper (I dont waste money on it - I recycle them from work!) About a couple from Louisiana USA who 'bought' two children for £108 and a cockatiel. I dont think the women who swapped them was the mother, was just looking after them (well, supposed to be).
Maybe you could do a deal with a local school or something??!!
(Sorry- abit mean wasnt it!)
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I don't mean to make huge generalisations, but I think your success HH may also be helped because you have girls. If I get my boys to help in the veg patch it consists of them digging the deepest hole possible, filling it up with water, stripping their clothes over and hey presto they're a pair of pigs in a wallow!!
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Chris, set out a sort of a business plan for the flat you want to buy - similar to the one you did for the business. First two/three years renting out to repay as much of the loan as feasible and lay by some capital if possible, next two/three years renovations or joining the two flats into one house using the accumulated capital. Thus increasing/adding value to both your and the bank's investment.
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naw, i plan to knock it all through into one and make it my home immediately!!
to be honest i think it would be hard to rent out - no parking or garden - unless i was to share mine - and that's not happening
nope, i'm fully prepared to take it on as a home instead of a business.
had spoke to a financial adviser about buying it as a buy to let and offsetting the losses against the other properties in my portfolio - however, i can get a much cheaper residential mortgage that it makes more financial sense to do it that way
the sooner i can convert them into 1 house, the sooner i can remortgage them both as a single property - and i can withdraw the money i've put in as a deposit to buy it - and i'm back to where i am right now - but with a bigger house!!!!
oh, i'm really looking forward to this!!!!!
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That's more or less what my daughter and son-in-law have just done but the other way round - split a house into two flats, selling both with a view to buying a bigger house with a big garden.
Sounds a good project for the winter - good luck. Holiday first though ;D
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holiday 1st
business to start up 2nd
wedding to plan 3rd
then......houses to build!!!!
i'd be bored if i had nothing going on!!
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You don't want the easy life do you?! ;D
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the future mrs SB went to a gypsy palm reader sort this morning (we were visiting my frenids new shop/stall in the forge market)
anyway, the good news is
1. the offer on the upstairs house wil be accepted and we'll be in a much bigger hosue soon
2. we'll have a long and happy marriage with 2 kids - one of each
3. my new business will be a success
now, i''m a bit of a skeptic about these things - but the lassies told her that i was starting a business, she said the next weddinshe'll be going to will be her own and she said we will ahve a change in living circumstances soon - either building an extension or buying a bigger house, but then she said - no, you are buying your neighbours house!!
now, that's pretty impressive especially as Karen never mentioned any of those 3 things.
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Maybe she reads the forum and knew who your missus was! Lol- just kidding, I'm sure she was genuine.
Beth
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i don't make her wear a wee sign or badge saying "i am the future Mrs SB"
;D
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after watching Derren Brown - anything is possible! ;) :&>
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Yes, my son just told me about him - I believe he's blooming good!