So I - get - to make another trip clear down to Brownsville in that lovely day cab! Woohooooo!
Yea, that isn't going to make my day, neither is a 1:30 loading time, meaning I will be pulling into Brownsville at around 2: 00 am - give or take depending on how long it takes to load and traffic, tho traffic shouldn't be much of an issue since I will be going through Houston long after rush hour should be either over or substantially subsided.
The water install should be done today. I have no idea when Swepco is going to call back - within 3 business days, plus the septic people are supposed to call today. So, I have to answer all the calls - which includes a truck load of spam calls I get every ... single....day.
The 401k ROBS will not work for me, after doing more research on the subject. They want 4 to 5 thousand dollars to start up such an account and then pay anywhere from $75 to $125 per month to maintain the account until you have paid all of that money back.
I'll just eat the 20 k right off the bat, cash it out and be done with it. On the up side, when I left Ferguson, the account only had 51k in it. Over the years since I left it's gone up to around 75k, so whatever I lose, at least it's nothing more than what I had when I left. The ROBS account is probably good for people with substantial amount of money in their 401k and need all of it to get their business enterprise up and running and planning to pay it off as they start receiving revenues from their business.
If I had half a million in a 401k I wouldn't even think about cashing it out early. The amount of money lost right off the bat wouldn't be worth it to me.
For right now, I'm going to go out there and measure out lots, 25 of them. Plan on offset rv pads - where the rv actually parks in the site and off to the right of each site to give campers more room on their patio side - and then mark tress I want to keep up, if even possible.
I'm waiting for the estimates for installs before I make any grand decisions on what to do next. It all comes down to how much I will have to borrow to finish off the project after I get it started with the 401k cash out. I literally have no idea how much the septic system will cost, but I will hopefully have a ball park on that by the end of today.
Note that not getting a SBA loan does not mean I don't need any loans at all. It just means I won't be doing the whole property in one fell swoop and I won't have to be jumping through their hoops for months to get a loan, if I can even get one. The - new - idea is to simply get the park going on a small scale and then, down the line, get an SBA loan to finish it all off.
Locals think I'm crazy doing all that tree cutting with a chain saw versus calling someone out there to have them do it for me. Well, it gave me a sense of getting something - anything - done and the feeling that I can actually do this. Motivation is a key factor in undertaking a project where you aren't even sure if you will have the financial means to actually finish said project.
I've been hoping to get leads on locals that will do some of the stuff I need done versus finding some huge corporation that wants more money to do the same things.
I'll tell ya right now if I have to take out 50, 60 or more thousand in a personal loan, I'll do it.. Pray, seek the Lord, ask him for his provision. I dunno what else t do and I'm going to just keep moving along with whatever I can do until I either come to a dead end or it's the end of the end of the project and time to open up the business.
Whatever the case, the time to depart for the yard draweth nigh. Think I"ll finish watching a rerun of the Big Valley and then get out of here.
g'day