Busy on the investment financing side this month. Completed refi on 2 rental houses this month and also closed on a new purchase (using cash-out refi funds from the 2 refis). New one purchased in cash and will rehabbed & plan is to refinance on the end to pay myself back. That means as of right now we have 2 houses without a mortgage...both being rehabbed. There is part of me that likes the idea of just keeping them as paid off. I now have 2 LOCs for $50k each that I could use for purchases...and could also go back and refinance both of these houses at any point in the future if I needed cash for a purchase. I honestly have no use for the cash right now and I am kind of dreading just taking the money and paying interest to just sit and look at it.
Debt-to-assets = 50.0% Legend:"Cash" = all cash less tax reserves "Bonds" = Personal Emergency Fund"Annuities" = Investment Property Savings (minus security deposits)"Other Assets" = Business IOU"Other Real Estate" = Investment Properties (current market values)"Other Mortgage" = Investment Property Mortgages |