One of the first houses Lee and I bought when we started investing in real estate was a cute little house in Pflugerville. That’s a town near Austin (now a suburb) founded by a family called the Pflugers. There are still people in town by that name. Anything that starts with an “f” sound in that town tends to be renamed to have a “Pf” at the beginning. Hilarious, right?
Anyway, we didn’t talk about it much back in the Hermit Haus Redevelopment days, since we already had it. But, we spent a lot of time there at first, since young friends rented the house for a few years. After that, we had a series of really good renters.
After these renters left, we decided to sell the Columbine house, and our friend Carol did a great job of marketing it. We got a cash offer immediately, but they backed out. Not a problem, our backup offer was a really nice family who did that thing where they wrote a letter and thanked us, and all those sweet things people do to try to get a house. I really enjoyed seeing how thankful they are to get it.
Part of real estate investing involves knowing when to hold on to an income property and when to let it go, so it took a lot of thought on Lee’s part to determine that this is when we can best realize the profit from letting this little house grow in value. I’m glad we took so many classes and know all the processes for figuring this stuff out!
Yesterday, Lee did his part of the closing, and today is my turn. It’s nice to be able to use a mobile notary and meet outdoors, where we can sanitize away and still get business done.
We’ll miss owning this house, but selling it will free up some capital and enable us to move forward with the exciting future projects we have lined up for Hearts Homes and Hands.
I hope you’re having a good day and getting the things done you need to do in your world.