<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > The Gift-maybe I can pay off the 6 homes!
 

The Gift-maybe I can pay off the 6 homes!

August 14th, 2015 at 07:32 am

Hi all

I believe this is coming through.

An aunt is liquidating some accounts and giving each of the 3 kids in my family (Ma is her twin). $200k. My brother is on hard times and this may have spurred the gift..

Anyway (if this comes through fully) we each got $80k so far... already put $80k into investments..I will put the rest, $120k, to payoff the 6 homes

To pay off the 6 homes I actually need approximately $130k, if paid off this month, so trying to figure that out and need to contact the seller and figure this out< he was escrowing tax so I may get some of that back.. figure payoff date etc.. trying to do this this month (before this dream come true disappears but waiting for final confirmation before getting TOO excited or making any contacts) . They are doing accountant/attorney talks right now.

So sharing tentatively right now.

Also have news on the property manager I met with and on the homes getting rented. will share later. Back to work. I worked 120 hours these past 2 weeks! good money but exhausting.. need a break.

Where I work though just bought another company and is on a hiring freeze through year end (also their fiscal year). My contract is up 1/6/16 so got to clarify my contract come October to try to get it renewed .. or go full time after year end

5 Responses to “The Gift-maybe I can pay off the 6 homes!”

  1. SecretarySaving Says:

    Wow you have been working a lot. I hope the money comes through for you, that would be awesome to pay off 6 homes. Very excited for you!

  2. AnotherReader Says:

    Getting those houses paid off would free up a lot of cash. You would be able to snowball the payoff on the 2 three unit properties. You could cash flow almost any other expense that comes up and you could start saving to add to the portfolio or pay off your house. How generous of your aunt to do this for you and your brothers!

  3. ceejay74 Says:

    Great news! I had a big gift from my parents this year and it is life-changing to pay off big debts all at once.

  4. MonkeyMama Says:

    That's Great!!

  5. VS_ozgirl Says:

    Fantastic!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]