Well, we heard back about the offer on the investment property today. They countered us at exactly the amount we thought they would, BUT they're still willing to pay closing costs. Pending a termite and foundation inspection, it's ours.
What the heck did we just do!? That's how I feel about it, sort of. This time last week we weren't even remotely thinking of buying investment property in the near future... I didn't even know it existed.
We both feel like we're in a definite upswing right now. It's nice, but I hope the bottom doesn't drop out too severely on us. It's kind of hard to see how this house ISN'T a good investment. Since we're handy and can do so much of the work ourselves (or personally know people who can), it's just win-win-win. If you had to contract out everything it would be lose-lose-lose.
I would be disappointed if this fell through, but not if it's because of termites. If there are termites or a possibility of the place caving in during the next 1-2 years, then I will be thanking my lucky stars we have an escape clause.
I'm already daydreaming about buying a new filter for my ShopVac (yes, it's MINE, not Adam's) and attacking the basement of the property with it. Thinking about scrubbing out cabinets and tidying the yard makes me giddy. I don't actually feel this way toward the house where we actually live... I guess it's just the novelty of this. I don't want to fall in love with it but I think already have.