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I now own 2 houses

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  • I now own 2 houses

    I was looking at my net worth spreadsheet and that's when it really hit home that I currently own 2 houses. Closed on the one in TX last week and the one in OH goes on the market after the new year. $1.25M in homes. $990k in mortgages. $7,100 / mo in mortgage payments. Feeling a little exposed until we get the OH house sold.

  • #2
    Congrats on closing on the new house, and good luck for a quick sale on the old one.
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

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    • #3
      Hopefully you can sell the OH house quickly.
      Where in OH is it?
      My mom lives there, and the area that she is in is a slow moving market.
      Brian

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      • #4
        Cincinnati

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        • #5
          She is near Youngstown.
          You'll probably have an easier time selling than she would.
          Brian

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          • #6
            I had the same moment when we moved here to Alaska 2 yrs ago. 2 homes worth $600k, and $430k of mortgages at $3500/mo... That's a large part of what motivated me to pay off our rental house, and we're now down to just the current home's $290k mortgage. Good luck on the upcoming sale!
            "Praestantia per minutus" ... "Acta non verba"

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            • #7
              Kork13, I love your profile icon. Every time I see that penguin, I think...how cool.
              james.c.hendrickson@gmail.com
              202.468.6043

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              • #8
                If you'd like a 3rd, I've gone one to sell you. You know ... expand your Texas real estate empire ...

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