Sooooo, we liquidated a couple things and paid off the *majority* of the car loan. "Not enough", say they, so we pay off the *rest* of the car loan from equity line of credit (as advised by our personal banker). Out of one bucket, into another. But one bucket was a short-term loan, and the other is long-term, which looks better on our "portfolio" (more profitable to the bank, too).
We have other things we can liquidate, but we were hoping to keep the '62 Cadillac and our two motorcycles. Granted, we could find other "deals" on such items, but we're kind of attached to those things now, even though we will have to hire a car transport company to take the Cad across the state, because it isn't running.
Meanwhile, we can't *spend* any money (increasing our debt), and yet....we *need* to spend money to get the Riverwood house ready to become a B&B.... need to buy the furniture (beds, nightstands, dressers), transport all of it across the state, get it all moved in and set up, spend more money on accessories (linens, towels, lamps, drapes), stage everything and take some fabulous photos, spend LOTS of money when we tell Innkeepers Advantage (a reservations/lodging software company) to go ahead and start building our website/logo/booking system, then spend more to order business cards, and brochures. They say the website will take 3-4 weeks. There is a Wedding Expo in Colville (8 miles away) on Feb. 21st. We really, really, really want to have a booth there so we can market our place as a wedding venue!
But we can't spend any money until the bank approves us for that second loan! Aggggghhhhh!
We would HAVE the money if we sold the Redmond house. But that will take....(you guessed it) money(!) to finish the remodeling to make it salesworthy.
ROCK --> US <-- HARD PLACE
P.S. I'm sure it will all work out, but it is a nerve-wracking game. Sigh.
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