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.
Current Goal: Eliminate Mortgage on Rental Property
January 1, 2019: $59,592
March 20, 2020: $52,982
2/14/20 paid an extra $750 towards principal
3/20/20 paid an extra $1000 towards principal
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.