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Moving Forward and Paid Cash for a Townhome

September 8th, 2020 at 03:10 am

We closed on our townhome on Friday; it was rather anti-climactic with e-signatures on documents and wire transfers, but we had the keys in hand at 10:00 AM. Purchased it outright. Cost $260,000.

Our rental property is now rented with tenants who signed a two-year lease. Monthly income is $1,650 before expenses. Owned outright. Value of that property is $278,000.

Current home going on the market within the next week. We anticipate $160K after mortgage and fees are paid.

We also have three in college this year. We are blessed that the youngest two are both on full scholarships at Wheaton College and Milwaukee School of Engineering, and the oldest is employed and able to pay for her own tuition.

Our money and budget is totally whacked with all that is going on right now, but its Budget Lockdown's Last Stand and smooth sailing is ahead.

Looking forward to being able to budget and make progress on some goals once its all simple.

6 Responses to “Moving Forward and Paid Cash for a Townhome”

  1. CB in the City Says:
    1599569820

    So many changes in your life! Sounds like you're indeed sailing ahead in smooth waters!

  2. LivingAlmostLarge Says:
    1599597548

    Congratulations! Good luck and I'm sure it'll all work out.

  3. GoodLiving Says:
    1599606034

    Congrats on the house purchase!

  4. mumof2 Says:
    1599622399

    Congrats that is awesome...sounds like you have a great financial plan that is working well for you

  5. VS_ozgirl Says:
    1599686492

    To be able to say that you paid cash for a townhouse is a pretty admirable thing, congratulations to you!! Looks like financially you and your family are in a great place, you have done well. Hope your budget gets back on track soon.

  6. rob62521 Says:
    1600023577

    Wow, paying cash is wonderful! Hope you can sell your house quickly.

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