Yesterday I closed on a 4 bd 2 bath home with an oversized awesome 2 car garage in Denver near the Sloans Lake area.

I had a car drive through my property last week and there is a big whole in the side of my house.

The trade off might even allow us to become a one car family.

Purchase price: $8,000 Cash invested: $8,000 I bought this trailer on a 1-acre lot with the insurance check from my hail damaged car for $8,000.

The SFH has a 2-car garage for storage and a fenced in backyard for my dog.

My gut tells me to look close to New York City because I live in Long Island City without a car. 

Purchase price: $270,000 Cash invested: $40,000 Rambler with a 4 car garage with a large room above garage.

So a quick set of bullet points:-My boss is selling her manufactured home (de-titled) for 195k cash as is-The realtor has already provided comparable houses at 245k and will list the house in 2 weeks-The roof, appliances, and furnace (or water heater) are all under 2 years old-3/2 1600 sq ft with an office/studio in the 2 car garage that could be easily converted-The house is 600 feet from the beach, in a nice neighborhood, and within walking distance of a grocery store-I talk to a property manager tomorrow about rent prices and tenant availability for the area-I have 30k in credit available with another 18k in assets that can be liquidated for cash-My credit score is mid 700'sAll things considered I'm in a bind with time and cash.

So, for example here, a car loan for $15,000 divided by the monthly payment of $650 gives us a CFI number around 23.

I don't have any debt obligations other than my primary mortgage and a small car loan and given the lower interest rates at the moment a cash out refinance to add $40k onto my principle would actually result in my monthly payment decreasing due to the lower interest rate.