Welcome to Chez Cliff!

I found out that my escrow will be 45 days.  That puts me at taking posession of the houses at the beginning of August.

The loan I qualified for is for first time buyers.  The caveat is that I must reside at the residence.  That’s a bummer because it’s not following the Rich Dad plan.

My intentions were to rent both houses out.  I figure between the two, I might be running at a negative cashflow for a few months.  But after the first refi went through, I could lower the monthly payment and at least break even.  And with the rents I’ve seen in the area, this is entirely feasible.  Because these are houses and not apartments, I can always ask for a few hundred more and get it.

Provided the tenants are willing to pay.