AND this doesn't include the increased principle paydown I also have with a loan that has already amortized for 2 years!

It's about taking control of your business's direction and ensuring it aligns with your core principles and objectives.So with that I challenge new members of the community like me to just define your goals privately or publicly if you’d like!

Our housing expense saved is $1,359 or $16,308 per yearThis makes our Total Net-worth ROI (NROI) much higher.NROI= ($9,556+$16,308)                   $75kNROI= ~34.4%These numbers will only get better if/when we are able to refinance to a lower rate and more principle pay down.Any other successful house hackers out there?

My partner and I now find ourselves in a strong financial position to start our RE investing journey and have set our sights in New England, specifically Rhode Island due to the excellent natural environment and our desire to ultimately relocate there long-term. 

If you go this route, seek recommendations, research the principles and take your time with due diligence before investing.Another option could be getting into multifamily properties where your expenses will all be under 1 roof.Lastly, if you decide to sell the 2 properties, connect with a 1031 exchange specialist before selling to uncover the tax implications.All the best!

The house is easily worth $305,000 and rents would be about $2,200 so at $220,000 it would be a great rental to add to our portfolio BUT, the contract says the buyer has to lease back to the original owner for 30 days and it will be sold sight unseen.

You don’t save taxes by using the money to buy another principle property. 

If I jump to the end of this story first, I will tell you that at 7% interest and high market values, very little cash flows well when you take into consideration principle, interest taxes, insurance, and a $100 maintenance reserve… at least where I live in Florida - but we have really high insurance rates.  

Isn't diversification a basic principle of building and keeping wealth?

My underwriting had me around break-even... not a killer deal by any means but between the low money down, rent savings,  principle paydown, and most importantly the experience...