UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TicoHombre Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308519  
Subject: TicoHombre - Update Date: 3/28/2013 10:15 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
Good morning, All!

Our last update on December 31st can be referenced here:

http://boards.fool.com/ticohombre-im-back-30459526.aspx

Things are going well. Spring is in the air and the longer days are a very welcome change. They just make you feel more energetic and want to get more done.

Our accelerated rental mortgage payoff plan is moving along nicely.

Our rental properties mortgages last totalled: $196,920

The December balance: $178,479
Our April (early) balance: $159,311
------------------------------------
Total paid off in 4 months:$ 19,168

We are still adding $3,400 per month to in order to snowball the payoff starting with the lowest mortgage balance and working toward the highest. That will more quickly free up monies to increase the size of the snowball. We are still looking toward a complete payoff of the last three rental properties by July, 2016. That means we'll have paid off 3 mortgaged totaling $177,650 in 42 months (3 1/2 years).

Current mortgage balances:

House #1: $32,497
House #2: $56,838
House #3: $69,976

Savings:

Rental Properties eFund: $ 1,835.50
Personal eFund: $ 0
-------
Cash & Investments: $ 1,835.50

I am blogging about the experience here:

http://payoffmyrentals.blogspot.com/

We have, as always, things coming up that can potentially throw a wrench in the works, but we're trying to anticipate and plan accordingly. The trip to Mexico in January was fantastic. We're now planning an Alaskan trip this Summer. DW's health continues to improve after her thyroid cancer and rotator cuff surgeries.

Otherwise, we are focused and determined. Enjoy your spring and let me offer you a gift that I am simply passing along. Very thought-provoking!

http://www.youtube.com/watch_popup?v=gXDMoiEkyuQ&vq=medi...

Good day to all!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement