HELOC $300k (X % Rate)
- Longridge equity
- $100k - Renovations on Longridge
- $150k - Downpayment on income property
- STR
- 4-6 plex
- Apartment Building
- $50 savings Money Market account
- E fund
ALT -
- Longridge equity
- $100k - Renovations on Longridge
- $375k - Cash for income property
- STR
- 4-6 plex
- Apartment Building
- $50 savings Money Market account
- E fund
- Total HELOC Loan - $525k
- To be funded annually?
- Premium amount???
- Does this make sense from a interest rate prospective?
- HELOC
- Mortgage on income property
- Maintenance
- Insurance
Add your text
Rental Property
- 100% of rental income goes back into HELOC untill rental property is payed off.
- X amount of months/years
Add your text
FULL PAYMENT $3,336.34
CC Expense
One time move at the end of each month
PLOC (15.050%)
- $X per week transfers to cover expenses
- Overdraft protection
- One big transfer at EOM. Keeping as low a monthly balance as possible. Keep as much paycheck money in the PLOC as possible.
- Cash in CA
- Car
- Property Tax savings
- Yard???
- CC's
- $1,680.93
- CitiBank CC
- Payments - $2,305.41
- PG&E
- EDMUD
- Home Insurance
- Food
- Gas and tolls
- etc...
Total expenses: $3,986.34
Fund WLIP?
G1 CHECKING ACCOUNT
Rental Income Mortagae
Combined Salary + Rental Income
CITIBANK
Expense
Income $5,200
- Salary
- Transfer same day as funding to PLOC
- Rental income
