I increased my assets by $400k today! (debts, year)

[flyingsaucermom]

And I also increased my debts by $400k

Just closed on our new primary. I'm looking forward to moving into our new home soon. Can't say I'm quite as thrilled to be on the learning curve for managing a rental, but I'm glad we're hitting the milestone.

That's all I wanted to share.

How are all of you doing lately?

[Grlzrl]

Congratulations!

[Creamer1]

Originally Posted by flyingsaucermom

And I also increased my debts by $400k

Just closed on our new primary. I'm looking forward to moving into our new home soon. Can't say I'm quite as thrilled to be on the learning curve for managing a rental, but I'm glad we're hitting the milestone.

That's all I wanted to share.

How are all of you doing lately?

Teach me your ways

[Aredhel]

Congratulations! I knew you were looking to acquire a second property, but I didn't know you were actually ready to pull the trigger.

Any updating needing to be done, or is the new place move-in ready?

[leastprime]

Congratulations.
we/son found this helpful as new LL

[onlymike]

Congratulation you will be very happy in a couple of years.

[Thatsright19]

Congratulations! You got me wondering what the catch was.

[ukrkoz]

You have no assets. You have debt. Bank owns your "assets". Chill.

[Rakin]

LOL, when I leave a closing I always jokingly tell my clients " Congratulations, you're now in debt".

[Thatsright19]

Originally Posted by ukrkoz

You have no assets. You have debt. Bank owns your "assets". Chill.

Orly?!?

A=L+OE