Jul 17, 2005

Well, Sam showed me some apartments for sale and we’ve made an offer on them. It looks like he may accept it and now the hard part comes. We’ve got to find a finance partner (aka “a bank”). I think we’ll start by visiting bankers that know us. The apartments are 12 units and have a current income potential of around $45K per year. All but 3 are currently rented and he has given us the promise that by the time he leaves all 12 will be “rentable”.

I’ll keep you posted.