We're in! ....now what?

So the offer was re-accepted at 355k with 10k down. I know the down's not much, but hey - they accepted it. In most states this number for a 1 family seems ludicrous. In Joisey - well, its still ludicrous. Y'see - its not just a simple 1 family. Let me explain in pictures.

The main portion of the property is technically a 1 family. However, the building has been formatted on the interior to that of a 2 family, consisting of a 1 bedroom apt on the first floor,

and a 3~4 bedroom apt on the second and attic, equipped with a kitchen and full bathroom.

Now, thats not the kicker. Also located on the property is a 2,650sf warehouse. A gigantic loft warehouse.

As an architect, that rings on in your head a couple times and every gong conjures images of renovation, restoration, and an overall chance to make something happen. It really is amazing...

So, we have the offer accepted and we're out of attorney review and now what?



Well we only have to scramble and make sure we have about 17K for closing and down payment.