Income $5,200

Plus de détails

Project 1 - Property

par Ashley Ferguson

TAXES

par Medhir Phutane

Scotia Bank

par Melisa Basic

How to keep feeding the world

par Amritpal Bains - David Suzuki SS (2662)

HELOC $300k (X % Rate)

• Longridge equity
• $100k - Renovations on Longridge
• $150k - Downpayment on income property

1. STR
2. 4-6 plex
3. Apartment Building

• $50 savings Money Market account
• E fund

ALT -

• Longridge equity
• $100k - Renovations on Longridge
• $375k - Cash for income property

1. STR
2. 4-6 plex
3. 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