Warmer weather has finally arrived in western Montana. This can be a bit misleading because Ma Nature has a habit of giving us a couple weeks of summer-like weather to lull us into letting our guard down and then … wham!…donkey-punches us with snow and arctic cold. Sort like kicking someone in the cajones as you walk out the door.
This winter was a pretty long one. I’m looking forward to doing more bike rising, spending time at the range, and possibly looking at real estate. That’s one problem with shopping for real estate in Montana – for almost half the year its under a blanket of white and inaccessible without a snowmobile.
There’s a couple pieces of property I’m interested in going to look at. It’d be a tough swing to put the money together but I can get about ½ of it together without too much pain, it’s the other half that’s a concern. I have a fully paid for house, but after what I had to go through to get it that way I am absolutely loathe to borrow against it.
The owner of the property is willing to carry the note but at an interest rate that I think is a bit much, and, as I understand it, when you engage in those sorts of deals the actual ownership of the property remains with the seller until such time as the terms have been met. Which means if he gets drunk, slams into a school bus, gets sued, and people come after his assets that means I’m frozen out as the land, still being in his name, gets sold to mee the judgement. Or perhaps I have that all wrong, I need to investigate it.
But, as Will Rogers said, “Buy land. They ain’t making any more of the stuff.” It’d be nice to have forty acres to hide in. Of course, I’d have to do some creative means of keeping the ownership information private…but one step at a time, y’know? First thing is to get the money together and buy the bloody thing. Hopefully if the weather is still good in a week or two I’ll go out driving in the boonies and take a look around at some of the prospects.