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Old 04-29-2020, 12:19 PM   #15 (permalink)
redpoint5
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Join Date: Aug 2010
Location: Oregon
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Acura TSX - '06 Acura TSX
90 day: 26.38 mpg (US)

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90 day: 47.32 mpg (US)

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90 day: 57.64 mpg (US)

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The 4 unit rental property in OK was $60k and everything was split 50/50 with my partner. It had something like a 6% interest rate initially.

First house I bought was 20% down and 30 year fixed. Got the first time homebuyer credit too ($8k) at nearly the bottom of the market.

Second house I put 5% down on a 30 year fixed as I've re-evaluated my position on avoiding PMI. Investments on cash can exceed the expense of PMI, and it pushes more risk onto the lender. It also presents a good position for refinancing should an opportunity arise. We could have put 20% down, but I like keeping my investing options open, so that means I've got cash.

I can put the money into the stock market since it's at a discount now, or I expect the housing market to take a beating in the next couple years. My wife's employer is 70 years old and probably looking to retire soon, so there is an opportunity to buy a medical practice at a discount.
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