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Steady Progress

It feels like an eternity since we bought our investment property. First day in had us creating enough of a clean space for us to get out of the motels and into the place.

Our general focus is to get the top unit ready before the bottom unit. So far we have made the bathroom good, cleared off all the window fittings (top and bottom) sanded windows at the top and begun painting, gutted the kitchen, cleared out miles of old cabling and filled all holes.

In between we have hired a truck and moved all our gear that was in storage into the downstairs unit (for now) then collected all the boxes to go to St Martin and taken them to the shipping depot. I have since learned I need to go back and let the air out of our scuba tanks.

Yesterday the builders started and gutted the basement. It’s mostly done but a lot of clearing is still needed. Once this is complete the basement will be reinspected and termite damage resolved. We have an engineer coming in on Tuesday to fully assess a bowed wall which will require bracing. Once this is done we will have the basement treated for mould. Finally we will have a lockable room put up in one corner where we can store some stuff when we finally get out of here.

The property agent has already been in to provide advice and get the ball rolling on marketing the place.

Today we are going to focus on the upstairs kitchen and more painting. Ben and Sam are coming over to help which should get us ahead of things. The kitchen is still quite disgustingly greasy. First will be to clean everything down. Then we’ll place Formica over the back wall and put down flooring. Then we’ll put on the cupboards and work surface / sink. We may leave plumbing in the sink until Monday when we have a plumber coming in for other stuff. I can handle most of it but the drain is a bit decrepit and in need of professional attention. Apart from replacing the extractor fan that should be it. We’ll probably pop by the carpet guy today and order an upstairs fitting. By the end of this week the top floor will be completely done and we should be well progressed with downstairs.

It’s now looking like we won’t get down to the BVIs until the end of the month. We will leave to St Martin as soon as possible as our gear arrives on November 2nd. Then it’s more projects. No rest for the wicked.

Closed & Plan B

Two messages today.

First is we finally closed on our investment property. Unfortunately the seller left it in the same messy state it has been left for the last year or so. The seller came up to clean but had a death in the family so it didn’t get done. So this afternoon and evening has been focussed on getting the place so we can at least sleep and wash while we work further. Builders are lined up to do the bigger repair work so we’re all go on the house front.

Now for Plan B. When we made the decision to leave earlier this year we knew there was risks to our savings. We structured things so we could go for a couple of years without having to touch the riskier stuff – ie our equities. Our worst case scenario was that if things went badly south we would wait until our primary funds ran out, we would start to figure out ways to earn money while living aboard. We had no detail behind Plan B, merely the faith that together we could figure something out if we had to.

Well, given the crapshoot going on right now we’ve decided to invoke plan B. In the short term it changes little. However, beyond the end of the first sailing season we need to have something going. Our favourite idea is to leverage the boat directly and do some skippered charter work providing full service vacations to folks. Alternatives would be to leverage our past skills and look for ways to make a living remotely or even come back to the mainland doing contract work.

We would do this for as long as it takes for the markets to return to somewhere nearer normal. In some ways this is quite exciting as this will be a big change for us which is precisely what we both feel we need. Once things pick up then we’re back to plan A. For now we must focus on getting our investment property sorted out and rented. Hopefully we’ll be heading to the boat before the end of the month and begin the projects aboard Dignity. Eventually we’ll have time to think more deeply about our new challenges.

Feeling in the eye of the storm

We have just learned that we definitely closing on our investment property next Tuesday.  Boy are things going to get busy from then on.  We have also arranged to take our boat gear to the shipping company on Friday.  On the same day we’ll also take our stuff that we’ve had in storage and place it in our new property.  Eventually it will go in the basement but it may have to go elsewhere for a bit until the basement is sorted out as it has termite and damp problems to address.

So right now we feel like we’re in the eye of the storm.  We’re currently in a motel in the Poconos going out for walks in the afternoons when the weather is favourable.  We continue to catch up on paperwork in the mornings and I’ve made huge progress ripping all the old tapes.  I am now down to just those tapes recorded on our current camera which means we’re no longer dependant on all the old gear.

We’ve been watching the presidental debates quite a lot.  This will be the first election in which we can vote so everything has a lot more meaning.  With the credit crisis happening around us this is a very interesting election.

Sadly we’ll be giving the Annapolis Boat Show a miss this year.  We just don’t have the time.  I can image worse but it’s disappointing all the same.

Closing in on closing

The lawyers are telling us we should be closing on our investment property on Monday or Tuesday next week.  We have mapped out our project plan for the work we need to do ourselves once we take ownership.  We have a lot to do.  We will probably have to work solid for two weeks.

Somewhere in between we’ll have to move our stuff for the boat to the shipping depot.  We’ve filled out the online forms for this and are awaiting contact from the shipping company so we can arrange finer details.

In the meantime we’ve somehow kept ourselves incredibly busy.  I’ve managed to burn 40-50 DVDs from our old tapes and am still working my way through the remainder.  I started with the oldest equipment and will end with our current camera.  The thinking being that if I run out of time I won’t need my conversion equipment aboard the boat to finish off the tapes for the camera we’re currently using.

I’ve also learned to enjoy looking for offers in the supermarkets.  Not only are we learning to live on a budget, the recent market turmoil is causing us to look even closer at our spending.  It’s amazing the difference in cost of a meal if one pays attention to what’s currently being discounted by the supermarkets.

We’re also lining up our private boat insurance for when we leave the CatCo fleet in November.  Thanks to my recent trip across the Atlantic I now qualify for the Jackline insurance which is very well recommended.  Unfortunately it seems we can’t get covered for theft in Colombia at the moment.  Maybe it will change before we get there as we hear the Colombian Coast Guard has made their waters very safe.  However, we may have to adjust our plans.  One option would be to stay in Trinidad for five months during the next hurricane season and see if we can earn some remote income to make up for recent losses.  No decisions on this needed just yet.

We’ve decided to get away from the current motel for a couple of days and visit the Poconos.  The motels there are very cheap mid-week.  The weather looks fairly nice so we’ll be able to get out and decompress a little.  We may well be back in this motel for the weekend in preparation for closing.

Back in the USA

It’s now 4am and I’ve been awake for an hour. That means we’re back in the USA and I’m struggling to deal with the timezone change.

The UK trip was great. Big thanks to all those who put us up and gave us a bed to sleep in and for all your hospitality. Thanks also to the weather gods who finally gave the Brits some decent weather after a miserable summer.

Back here it’s now down to getting our investment property sorted out. Matters progressed while we were in the Uk but we’ve still not closed. Looks like our October timetable may have to be shaken out and reexamined as we want to put some sweat equity into the place before we leave. Over the next few days we should know more.

Helen and I are going to book into a motel for the next week. We’ve now spent nearly two months (since we sold our home) living with others and we really need to get some personal space. We have an oft delayed job of transcribing all our old videos onto DVD so they can be preserved. We will collect all our equipment and get on with this between now and closing.

In the meantime, I have revamped the main page of this site a little. The new google maps of our intended route that I recently showed now sit on there own page and will be revised as we refine our plans. The google maps web page makes this about as simple as it can be so I have no excuse.