For those itching for a real estate update (because I know it's been a while)... The PA property is still on the market. In fact, my mom just got her first flurry of calls (well, if 3 is a flurry) on Sunday. Those were the first signs of interest since that first couple I wrote about a couple of weeks ago. Our suspicion is that the listing must've been published and printed somewhere over the weekend for this interest to have "come out of nowhere". If that's the case, then I'm hoping that this is the first of many calls to come and that the sale is just around the corner. I'm still convinced that the first (qualified) person to see the house will buy it because it's that nice... but it's just a matter of getting them there.
We paid our first mortgage payment on the property just 4 days ago ($1100+)... and while we've obviously budgeted to carry the mortgage for a few months, there was still a definite "ouch effect" when the automatic payment kicked in and ripped over a grand from our checking account. Our hope is to only have to endure that financial drubbing no more than once or twice more before the house is sold. Of course, it didn't help that since we bought the two properties just days apart, the first payment for the SC rental property also hit for the first time on the same day. So between those two and our primary residence, we had a good chunk of income flying out the window this month. But hopefully that window will close soon... because we've already got our eyes fixed and fingers crossed for what we hope will be property #3 here in Virginia.
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