The ink isn't dry yet

Some details on my first deal. 

1) I found a partner, my significant other (aka girlfriend but I get in trouble for calling her that because we are more committed than that) and we took the REI plunge together.  Basically she needed my cash and I needed her credit.  Our first deal isn't a home run, it's a solid double.  Not a bad place to start!

2) We haven't even made our first mortgage payment yet but we want more!  We both understand what Excel is telling us!

3)  We moved in together to a huge 5 bedroom house this summer (4 kids and us) and refinance the 3/2 home she purchased in November 2013.  She originally purchased with 3% down as a first time buyer.  On refi, we were wonderfully surprised when the house appraised at $260k, we expected $220k, she bought it for $178k!  The great appraisal helped with the interest rate, I still made a significant cash contribution to help the LTV even more and ended up with a rate of 4.875.  Now that's not a great rate for someone with a 820 FICO, but for me, it's awesome, particularity for a non-owner occupied property!

4) The property cash flows at $200/mo, which isn't huge in some parts of the country but in a market like Reno, it's pretty good.  A solid double!

5) Coming up next, a few singles!