Any updates on this 1930? I am curious on your progress.
Just a few days ago ( last Thursday ) I was approved for a large loan, ( 100K ) for me its a large loan, maybe for some of you guys its pocket change. Its enough money to buy the building ( Ive had my heart set on a pre-fabricated steel building I.E Barndominium ) lay the slab, possibly pay someone to erect it, buy the doors and windows and basically get it all closed in and looking decent. Nothing more, no interior work no nothing but I do EVERY bit of that work myself, I have alot of experience and for me its enjoyable.
These past few days Ive been working with a local gentleman ( only a few parcels away from me ) that is going thru the process of getting permits and buying the same type of structure, they are an unknown in Marion County and not many in Florida period. Big in Texas. Ive been learning the process of getting one of these buildings through the red tape and also been working on some designing.
I havent received money, bank said that would take a few weeks but did tell me its a done deal so with that idea I decided it would be best to have someone come out and put a well in for me. I simply have too much now on my plate.
Pay someone probably as low as 3500 ( possibly could go higher ) all done pump and all or continue with this transaction and have 3500 into all day long and still have the curve of learning a new trade ( well drilling ) Just too much considering what I have to deal with now.
Drill still hadnt shipped because I was waiting for it to be built and then I have a broker that has dragged his feet with paperwork.
When I applied I didnt think I would get loan, I have an excellent credit score ( 797 ) but I have never had alot of credit dealings, I bought my house many years ago and worked 7 days a week and paid it off in a short time, Ive had and still have credit cards ( only maybe 2 ) but either dont use them or pay them off right away or as soon as I can.
I drive old beat down cars and trucks. Always have
At first idea of getting the loan I was excited, now I am not sure how I feel about the situation. Im not sure I want to get back into debt, Im roughly 50 years old and I am not a young man anymore who can do young things ( like pay a mortgage off in a few years )
I understand that maybe some people will feel I have wasted their time with all my questions but because someone asked I have to give an honest answer.
I feel blessed to have had the opportunity to have learned so much about well drilling with people pointing me in directions where I could find material to learn all that I have learned. I have truly enjoyed the experience.
I am confident I have learned more about drilling wells ( the actual process with one of these portable well drilling rigs ) than most people will ever care to know and for me learning new things IS the fountain of youth.
I now have to decide if Im gonna accept the loan and push thru with my project, I had planned to save what money I needed and in a few years ( Feb 2023 was my goal date ) start the building process.
This is all causing me alot of stress and so I have to deal with all of this emotionally which I find difficult.
Thank you for asking