Part of the reason for our road trip to Louisiana this year was to do a bit of business there.
I won't go into all the reasons for our decision but we ended up purchasing our Daughter's house from her.
The whole situation down there is complicated at best and toxic at worst and most of it is really not my story to share.
I'll just say to my Daughter made some not-so wise choices and didn't keep firm and ridged boundaries when dealing with some folks in her life and let them take wild advantage of her good heart and finances.
But then again, did I mention it's complicated?
Let's just leave it there.
In the end we bought her house and in the short term we will be landlords to some almost-familial tenants until the end of the year.
We aren't totally happy about this but it seemed the best way to help her extricate herself from a situation heading down the tubes and back on track to finishing her degree.
Our cash has taken a hit but hey!, we own another house so another valuable asset in our portfolio, right? ;-)
When we move the current tenants out we really don't know what we'll do with the property.
I figure there are 3 options at that point........
1. Keep it and continue to rent it out at market rate.
2. Keep it and use it ourselves/retire there.
3. Fix it up and sell it.
But I can't worry about any of that right now.
I have enough stress on me with Daughter moving home and trying to fit everyone into this house again.
Plus my health has decided to go kerflooey suddenly.
So that's what is going on.
Daughter arrives with all her worldly possessions next Thursday.
At least our house isn't that one I looked at around here a couple of years ago......you remember this lovely gem?
What WAS I thinking? lolz