I’m sorry for my lack of posting yesterday! When you see sporadic posting, it usually means I had a hectic weekend and I’m trying to play catch-up during the week.

On Saturday, I had a four-hour work meeting. On Sunday, I had a two-hour board meeting. I used all of my free time (Matt and I each take time to ourselves on the weekends) to prepare for the board meeting. I didn’t even go into the week with a complete action plan ready to go. I hate that feeling. 

I owe you a long response to all the comments on the House Flipping post (and also a response to a

Just to give you a quick update on the house front: We qualified for an 85% loan (we’ll switch to an 80% loan for our permanent loan, once construction is complete). That wasn’t really a surprise because we’ve been crunching the numbers for a long time, but it was still a relief. 

Next step: Wait to hear how the appraisal goes. In order to actually get the loan, the total cost of the house we’re going to build (plus the land it sits on) has to be comparable to other houses in the neighborhood. This process can be difficult in gentrifying areas, since the sales prices of homes fluctuate wildly.