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Good times keep coming

March 21st, 2015 at 06:24 pm

Today was a good mail day! NT got a bday check from my parents, AS got another freelance check, and I got a semi-surprise check for $2000 from my parents.

My dad explained in a letter that this was the one where they were expecting $4000 for each of his kids, but it ended up being less. I'm not complaining! This is to drill a well on the property. I can't believe it's so much less to drill a well vs. build a pipeline through. If I got $2500 on this deal that means it's $10K total. The pipeline, if it goes through, will pay us each $80K or $320K total. Dad mentioned this smaller deal may yield more money if they start producing from the well, so maybe that's why.

Confusing, but I can definitely use the $2K! As long as the repairs we need to do on the condo don't cost much, we're only $2800 away from being able to pay off the duplex seller without taking out the higher-interest reserve line loan, just the LOC loan which has a lower interest rate.

Of course, we're only 3 weeks away from the big WV deal option expiring, so might as well wait to see how that shakes out before paying off the seller promissory note. If I can restrain myself!

7 Responses to “Good times keep coming”

  1. creditcardfree Says:
    1426967500

    Great news!! Yes, try to hold on a bit longer it just may be worth it if you are getting all this good news lately. Smile

  2. Bluebird Says:
    1426976599

    Yes, definitely a good mail day! So happy for your family!

  3. snafu Says:
    1426982946

    I hope you'll stay cool and continue to restrain yourself from paying off the seller's promissory note with a too expensive Reserve Loan.

    [Oil prices are half of what they were when the WV deal was initially discussed. Rigs are shutting down by scores throwing
    hundreds of thousands out of work].

  4. rob62521 Says:
    1426990141

    Nice day to go to the mailbox!

  5. ceejay74 Says:
    1427039668

    Interesting, snafu. We'll see if it affects WV. I looked around and noticed a lawsuit to stop a really long pipeline; not sure if our property is part of that one or not.

    It's one of those things where if I get the money I'll be happy for my family; if it doesn't come through I'll be happy for WV. That beautiful state is being physically torn apart.

  6. ceejay74 Says:
    1427049462

    Oh, and I'm definitely NOT tempted to use the reserve line loan anymore, with all these windfalls. AS should be getting more checks in the next few weeks that will easily make up the extra $2800 we'd need to pay off the seller with just the LOC loan (with interest rate less than half that of the reserve line). We've also got many 0% credit card offers that we could take advantage of to shift the LOC debt over to so we wouldn't even end up paying much interest on the debt.

  7. FrugalTexan75 Says:
    1427058391

    Nice kind of things to get in the mail!

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