Less Than Four Weeks To Go
As we get closer to closing on the investment property, I’m starting to get jittery. Not necessarily in a bad way. We are moving forward with everything just fine. The home appraised at value and they are still selling it for over $40,000 more than we bought it for. Cash flow has gone down since the rates have gone up, but we’re good with that. I think my brain is just having trouble with parting with $65,000 in one go.
When we bought our home, we got an FHA loan and our total out-of-pocket was about $15,000. $65,000 is over four times that amount and, therefore, harder to wrap my mind around. I mean, that’s more than I made in my first two years of full-time work combined. Hell, that’s more than what Mr. FOGA was making before he became a househusband. So, giving all that in one go is causing me more stress than I was expecting.
I know what we are doing makes sense. The way it stands now, whether we opt to continue renting it out or sell it and move on, we would be better off either way. It’s just a lot of money and my brain every now and then does a silent scream. Plus the idea that we would own two homes still hasn’t fully sunk in yet. Lots of change coming in the next month.
Feature Photo by Akira Hojo on Unsplash