But now what?

[Ini_g]

Your are doing great, your plan is almost automatized. Maybe if you are looking for a faster growing begin to learn how to participate in more high risk business, and if the information likes you, maybe with a little part of savings you can speed up your plans. But first learn, search for information.

[Vapors]

I had to sell a rental property last year because of the huge increase in property tax. They went up 40% in one year and were scheduled to go up another 30%. At that point my cash outflows were greater then my inflows, so I chose to sell. Honestly I am a lot happier having extra cash in the bank and not in the possible bubble.

Where I live, they can only increase the property tax a little each year for homeowners, but for rentals, they go up to market value.

[Aleta]

That's the same situation in Florida. They can increase only up to 3 percent,.but that doesn't help you when the assessments have doubled and sometimes more than that. Yes, rentals don't have that 3% cap.

[simpleyme]

wow that is not very nice if rentals are charged more it ups rent for renters, landlords will have to charge more to cover it and be sure to raise rent yearly ,that's terrible ;-(

[Aleta]

This is why rentals are so high in Florida right now. The expenses have to be covered. They were considering charging according to monthly rental fees in order to keep rentals lower for people to afford. There are insurance companies pulling out of Florida because of the regulations from the insurance commissioners office.

[JoyJoy]

Congratulations!!! You did it the "hard" way....you worked and sacrificed and now all of your effort is paying off! Inheriting may seem like the easy way out, but there are still the concerns as to what to do with this money and how much to share, etc. I haven't given up all of my old ways, I still save money through 0% bts and still look for bargains.

I am so happy to hear of other people's accomplishments through plans like Dave Ramsey and other financial gurus.

Breathe in, exhale and take some time and enjoy yourselves! You are so deservant of it.

[disneysaver]

Those numbers can be right because we live in Florida and the big debates going on in our government right now is about property taxes and homeowners insurance. I read that some people got socked with about 8,000 to 9,000 in taxes and forget about insurance. I alone last year paid almost $3,500. for my house. We're getting really hit hard down here and it is being said that alot of homes are going to go into foreclosure.

Yep, I live in FL. Taxes $7,000 insurance around $4,000. Actually more than what the mortgage was when it was paid off about 10 years ago (that's mortgage only not taxes or insurance).

[Aleta]

My property taxes and insurance are 110% more than what I used to pay for my mortgage which included my property taxes. Once the gov. gets your money they don't want to let it go.

[Ini_g]

Yes, when they grab your money, they don´t loose it.