So...I am 95 percent done with my rental refinance pre-closing tasks. You know, uploading documents, etc. This refinance will save me $184.00 per month right out of the gate. Once some beautification tasks are completed, i'll raise the rent $200.00 per month..new tenants so no legal issues, and thus, improve my positive cash flow to $384.00 per month. This will be turned back into a mortgage prepayment cycle.
My spending since last Friday, 7/14/17 has been high. $500.00 deposit on the refinance loan, groceries for the lake house, lunch yesterday and a few cups of coffee from the road. Uuuuugh. However, I will be getting $500.00 cash back from the refinance due to a work related credit, scored an additional $750.00 closing cost credit and am due $218.00 cash out due to the loan amount. All of which will be an initial prepayment to yhe new mortgage.
All in all I am very happy with this past months fiscal housekeeping. And blogging about it is icing on the cake.
A couple updates
July 18th, 2017 at 04:43 pm
July 18th, 2017 at 06:53 pm
July 18th, 2017 at 07:28 pm
July 18th, 2017 at 07:44 pm
However, I will enjoy you to take on renters insurance for you property. It is a good way of securing it.
July 19th, 2017 at 12:13 am
Simply because I don't reply to all blogs certainly doesn't mean I don't consider the advice or suggestions shared. In fact, over the past month, I have taken a substantial amount of information from a variety of polite, courteous bloggers in an attempt to take a more effective and efficient approach to my financial well being.
What I don't appreciate are rude, non-supportive comments or pride filled suggestions that if not adhered to, publicly agreed with or commented on, facilitate the type of back and forth banter teenagers typically engage in.
I'll ask that you no longer read/reply to my blogs and I will certainly respect the same for you. I thank you for your time and wish you well!