|Had to pay the tax man last month (boo!). The new home purchase went through this month (cheer!). Looks like the debt-pay-down will begin. Really excited by the house, but we're going to have to work hard to pay off a good chunk of the balance over the next 12 months. The goal is to get to 80% LTV. No more big purchases until we're through...we can do it!
I currently have three houses without tenants, but I've selected new tenants for two...just waiting for them to move in so I can stop mowing every week. I have a long-term tenant (4 years) moving out this month. Hate to see them go but I'm going to take the opportunity to do a few upgrades to the house and raise the rent (hoping for 7% increase). I should easily be able to stick with my payback period goal for improvements: increase in rent must pay for the improvement within 4 years.
Debt-to-Assets = 73.03%
"Cash" = Personal Savings
"Annuities" = Investment Property Savings (excluding deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages|