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Extra Income

October 11th, 2016 at 11:44 am

Health:
Breakfast – Overnight oats, Good Belly, Orange Juice, Coffee
Lunch – Chicken breast sandwich
Dinner – BBQ Pork Tenderloin and tater tots
Fitness – Gym and personal trainer

Financial: Several developments came about yesterday.

I received a work order for an inspection from a client that hasn't sent one in a couple of months. That one should pay $25 and luckily it is near my neighborhood. I'll do this after work.

A potential new client is a landlord who needs help cleaning out his rental properties and preparing them for new tenants. We will meet with him at one of his vacant properties which is ready for work to provide him an estimate.

A work order from another client to remove a shed. My husband will decide how much to charge and will likely do the work on Friday or Saturday.

And my son has one inspection tomorrow, three on Friday and one on Saturday. That is a total of $250 that will go in his pocket at the end of the month. We pay him the full amount on any inspection he does.

That should help build up the account very nicely!

In other news, my aunt was supposed to fly in from NYC to help us with my uncle but then came the hurricane. So she is flying in tomorrow. I can't wait to see her! I love that woman because she is like a second mother to me.

7 Responses to “Extra Income”

  1. Petunia 100 Says:

    I see your sidebar says that your mortgage is fixed at 6.375%. That is quite high by today
    's standards. Have you looked into a refinance? You could probably halve your interest rate.

  2. Trying to get ahead Says:

    Petunia. DH and I weighed the pros and cons. For awhile we were upside down and recently the property values have shot up again and now we owe less than the property value. To me that is an artificial and fickle value. Also, the costs of refinance would add up to nearly our starting balance. I need to sit down and calculate the numbers. But I think it would be a wash.

  3. AnotherReader Says:

    You can get a loan that offers no closing costs in exchange for a slightly higher interest rate, as long as you have 20 percent equity in the property. You can get references from friends and local real estate agents. You can also shop on-line. I know a number of people that have used aimloan, a no frills, on-line mortgage broker. You can put in basic information about the property and your approximate credit score anonymously and get a list of loans for which you are likely qualified. The website is www.aimloan.com

  4. Petunia 100 Says:

    You could also look into Harp. If you qualify, that is a good way to go. I did not have to pay any fees at all with mine. They added my new impound account and one month's interest to my loan balance, and that was it. A month or so later I was refunded my old impound account, plus I skipped a payment. I could have chosen to apply all of that to my principal balance and been right back where I started, but with a lower rate.

    You also might consider a 15 year mortgage. That would chop 5 years off of your loan, correct?

    If you took a new 90k mortgage for 15 years fixed at 2.75%, your monthly principal and interest payments would be $610.76. 2.75% is high for a 15 year, you can get closer to 2.6%, but I padded it a little. I also padded your new mortgage amount a little.

    If you started with a 104k 30 year loan at 6.375%, your current principal and interest payments must be $648.48.

  5. Trying to get ahead Says:

    You make a compelling case Petunia. It is worth revisiting and thanks for doing the hard work for me Smile

  6. Petunia 100 Says:

    Happy to throw it out there. Smile Good luck!

  7. rob62521 Says:

    Sounds like you are getting quite a few jobs to help bring in some money. Yay!

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