|After a very long wait (3 months), we finally refinanced another investment property this month. We were able to move down the rate from 5.875% to 4.75%. This means that we've now refinanced 4 of 5 investment properties this year which will greatly increase our cash flow. We are also finishing up the rehab on the recent purchase and hope to bring it on online in the next 30 days or so.
We were also able to squeeze in a trip to Orlando this month. That was a lot of fun and awesome to think that our little girl has been to the ocean, the mountains and our nation's capitol before she will turn 2.
House #1 = 15 years left, 3.875% fixed
House #2 = 30 years left, 4.75% fixed
House #3 = 15 years left, 3.875% fixed
House #4 = 27 years left, 5.125% fixed
House #5 = 15 years left, 5.500% 2/1 ARM
House #6 = Unknown, but anticipating 20 years left, 5% rate lock for 4 years.
Debt-to-Assets = 66.09%
"Stocks" = Vested balance in company stock
"Annuities" = Investment Property Savings (minus security deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages
"Other Debts" = Hard money loan for rental property rehab|