- Sell house we inherited from my mother. Net $180k+ in cash. Pay off new house.
- Move out of current house, fix up current house, sell it. Net $110k+
- Fix Rental #3 and rent it out. $10-15k to repair, net worth increase of $32-37k, annual profit of $4800.
- Install solar system in new house if it makes financial sense. (Still researching.)
- Purchase Rental #4 and rent it out by end of year. Increase net worth by $30-40k, annual profit if $4800.
- Max 401ks for both (circa $52k)
- Add $46800 to Vanguard index funds.
This is why it's important to have a goal and a plan to reach that goal.
That way, when the plan falls to pieces, you still have a goal to aim for... :)
Sell Mom's House. Done. Netted about $170k.
Did NOT pay off new house. Decided to invest.
Moved out of Current (now old) House.
Have not finished fixing up old House. (Getting close.)
Have not fixed up Rental #3. (Getting closer.)
Did not rent Rental #3.
Solar System did not make financial sense. :(
Did not Purchase Rental #4. And a darn good thing, too. We have enough on our plate.
Max both 401ks. (On track, will do this.)
On track to add $46,800 to Vanguard from salaries from day jobs.
Added $125k to Vanguard from Mom's house sale.
Replaced 3 HVAC units (2 in our new house, one in a rental.)
About to replace 4th HVAC unit in old house.
Replaced wife's beat up car with newer used car, $14k, 4k miles.
We're going to try to rent out our old house, which will get us to Rental #4 by a different path.
Forgot to mention we fully funded two Roth IRAs for 2015 and 2016, also.