The turning of a page...
The house that the family trust decided to sell has now been sold. Unfortunately we didn't get anywhere near what we had hoped for it due to the City of Portland vetoing most renovation/building ideas that potential buyers had come forward with. Am so glad I personally don't live within the city proper.
That said, the family trust past taxes are now all paid, and I was reimbursed for everything I've put in over the last five years. It totaled a lot more than I had originally thought. Made sure to get a detailed list of every "loan" and deposit I've made because I know the IRS is going to audit me next year.
So, just initiated payoffs of every outstanding debt I have, waiting for all of them to finish processing at this point. Once that is done it's going to be 30 days roughly before my credit score updates, and at that moment I will be making the "tiny house or not" decision. The budget I've given for the house is $90,000 which I would have to take a loan out for. With an updated credit score and the ability to actually put 20% down on it, it is very doable.
That said, the family trust past taxes are now all paid, and I was reimbursed for everything I've put in over the last five years. It totaled a lot more than I had originally thought. Made sure to get a detailed list of every "loan" and deposit I've made because I know the IRS is going to audit me next year.
So, just initiated payoffs of every outstanding debt I have, waiting for all of them to finish processing at this point. Once that is done it's going to be 30 days roughly before my credit score updates, and at that moment I will be making the "tiny house or not" decision. The budget I've given for the house is $90,000 which I would have to take a loan out for. With an updated credit score and the ability to actually put 20% down on it, it is very doable.