The house hunt continues ...
After looking at a number of different houses we finally felt comfortable and excited to put in an actual offer on "The Triplex".
Then a single family home, now chopped up into 3 apartments we were excited about the vast potential we saw: turning it back into a single family home we could keep the smallest of the three apartments (the one that came with its own entry at the side of the house) as convenient in-law-suite or possible rental suite to help pay our mortgage of more quickly.
It came complete with original fireplaces, gorgeous gleaming pine floors and simply massive closet space.
The fact that some scumbags came and tore out the ac compressors even worked in our favor as the seller dropped the purchase price to make up for us having to buy new ones. Every morning on our way to the bus stop we would wave good morning to our house.
Until the inspection ...
What a sad day in (the) history (of our house hunting endeavors). The inspection revealed a staggering list of issues. Serious issues, not just peeling paint or clashing color schemes. Ever seen the movie "The Money Pit"? Well, that's what the inspector called the triplex.
However, we didn't bail right away. We knew we're in for a ride buying a historic home, a house that could easily be our grandparent. You know, topped with that whole deferred maintenance issue when considering buying a REO. But this, this was just too much. Too many big ticket items, not to mention any secret surprises it might harbor, that even with our rehab loan we just didn't feel up to.
So we walked. With a heavy heart.
Would we ever find a little old house to have and to hold?