Oh Boy where do I start? and ????'s

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Renee49

Guest
#1
Hi everyone, I am new here, and I guess I really need a bunch of help finding my way thru this thing called life right now. I will try to be as brief as possible, but I am dealing with many things all at once. I am going to tell you about the things that are causing me the most confusion right now.
I lost my husband 9 yrs ago, he died after a 17 year battle with cancer. We had one lovely daughter. So when he died I was left running his Hydraulics/machine shop business. After a couple of years of that, the business was going down quick. I sold the business to a couple of guys, and I maintained ownership of the building. for six years I recieved a decent living from the rental of the property. Then they wanted to buy the building, I had sign an option for them to purchase, so basically I had to sell. But in the due dilligence process they found that the property was contaminated, so of course no bank willl lend money for that. so for 6 years now I have been involved in a legal fight over who is responsible for the contamination.
As a side note....we both operated with the contaminant......Also prior to them taking over I did have enviromental testing that showed a very small amount of the contaminant in one area......So I signed on the line that I was responsible for that.
Now there is test showing contamination everywhere on the property, and some very high numbers in some areas.
So the fight started and is still on to lay blame.In the meantime I have been spending all the money I have to fight this. spending to a place that I never felt I would ever be.
In March they gave up the business here and packed it in, So I have had less than nothing for income since then. I am living off the equity in my home.
In June 08 gotten remarried to a nice man, who does the same line of work, My first husband did. He is the same only different. The stress between us now is money for one, but the bigger stress is that he is trying to create his own business in my building, and I do not see him as organized enough to run a business successfully, and it takes money to make money. and we have none (I know I sound like a terrible person) I do respect my current husband ability to do the work and do it very very well, I just see too much disorganisation to become a successful entrepeneur.
so basically I try to let things be, leave it in God hands etc. But I am very scared, the stress is so high I am on basic survival mode right now, and I am trying to be proactive and help myself. But I really don't have a clue what to do.
I think I know what many of you will be saying to me, :( but I will wait to hear from you. You can let me have it, I am looking to be told, so I will be as open as I can.
Thanks for allowing me this space and time.
Renee
 
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dee133

Guest
#3
Welcome Renee49. Wow, I can understand your worry and concern. I am a real estate agent and I see this sort of thing often. I cringed when I read you are using the equity in your home to live on. That's not a good idea. It would be better to use the equity to invest in properties that would make you some money. The market is good for buyers right now and there are some great deals out there, but using it to live on isn't good. That resource will run out soon. Do you have a job? If so, can you get a second job and maybe live off your income. Can you rent that building out to another business without an option to buy? I'll pray for you. You'll find support and prayer here.
 
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Jellybeangenie

Guest
#4
The loss of any loved one is always hard to handle but you are doing the best you can. I've always told my children to "do the best you can with what you've got" and somehow things always seem to fall into place. If you don't find the answer right away I always tell myself to "sleep on it" and the good lord will let you know what to do; his angels are excellent messengers! Hope this is of some comfort to you. Take care.
 
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Renee49

Guest
#5
Thank you very much Dee133 for your information. That is very good advise, I believe I am starting to think along those lines now. I plan of asking my realtor to show me what she thinks about me selling and maybe downsizing, or buying a home with a suite in it. Times are really tuff up here also, therfore the is not much happening on the business front. It is listed for lease, but Until I settle the suite, I really have nothing to offer for sale. I do have a job, but it is not enough to keep on top of things.

Thanks Jelly bean, I needed to be reminded to, I do think i do a pretty good job of working hard and doing the best i can etc. But every once in a while I try to take on too much control etc. and it all crashes down around me. My faith is pretty much underdeveloped, so I also have a hard times relaxing and trusting. Thank you for your suggestions and comments
Renee