In December 2017, with full down payment money in hand, Adam and I signed papers declaring us as the new owners of the building in Sanger. With the help of our friend’s investment that I mentioned in Part 2 of this story, we were able to purchase this property WITHOUT the bank’s involvement and on a non-recourse / non-surety basis! (just as the Lord had said!)
The plan was to hold onto the property for a year to avoid a major tax bill, then sell it and invest the cash into the company. Because of how Southwest began, we have always been low on cash!
The funny thing is, in January we starting getting phone calls from people asking if the Sanger property was for sale. It wasn’t even on the market! We turned down the offers because we needed to sit on the property for a year and the buyers weren’t able to wait.
But one day in March a guy called. He had looked at the property back in January but didn’t think he was able to wait a year to move his business. As he looked at other potential properties to move his business into, he decided that our place was indeed the best fit for his business to move into.