By now I was hoping to hear something from the bank. I need to have a project to keep me busy and this would be perfect.
1) $1,000/mo. to short-term savings and $400/mo to investments.
2) Weigh less than 180 pounds by 12/31/21.
3) Read more books.
Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!
January 1, 2019: $59,592
August 11, 2020: PAID!
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Tuesday, July 26
Buying a townhouse?
Sunday I made an offer for a townhouse I've had my eye on. It looks like a sweet deal: the asking price (it's a foreclosure) was $23,900 but my offer was for $21,000. I own three townhouses in the same complex so I already know I can get $650 per month rent after I make some repairs and clean the place up. If you do the math, the rent pays for the condo in less than four years.