[quote=sdrealtor][quote=bearishgurl][quote=sdrealtor]LOL I was only kidding. You dont have to explain your actions to anyone not the least of which is me.[/quote]
Does this mean you’re not going to tell us about your (cash-out?) refi(s)??[/quote]
Sure I took some money out to do some improvements when we bought the property. I used some to invest in properties which I already sold for substantial profits and one I still own which is very profitable as a rental. I invested in a business that was very successful and was subsequently sold. I consolidated about $30K in student debts also. I have never had less than 30% equity in my home. I’ve been paying down the HELOC (even though my rate is around 4% and will stay there for a very long time because its prime minus 1%-its sitting at its low end cap)rapidly out of income because I dont want to cash out long term investments to do so. I could rent out my house easily because of my neighborhood for a very nice profit each month too.
Once the HELOC is paid off my loan to value will be under 30%. My life doesnt suck.[/quote]
If you say MYOB, fine … but I just have a couple more questions here. You state you “consolidated” your $30K of student loans. I can’t remember how old you are but seem to think you might be too old to still be carrying “student-loan” debt. Do you mean you used your HELOC to pay off your student-loan debt? Not clear on this. Secondly, how much will your house rent for on the open market? In your case, with a 1st TD + HELOC + taxes + ins + MR? + HOA?, it doesn’t seem plausible to me that you would have a positive cash flow if you rented out your principal residence.
