ai summary

Here's a concise summary of the major decisions and prices

 

### Major Decisions & Financial Details:

 

1. **First Property Purchase (Late 2019):**

   - **Location:** Washington, DC

   - **Property Type:** Small townhouse

   - **Purchase Price:** $370,000

   - **Financing:** 50% cash, 50% loan (initial interest rate ~5%, later refinanced to 2.35%)

   - **Key Action:** Rented out the basement suite, covering about half the mortgage.

   - **Current Value:** $500,000+

   - **Current Rental Income:** $2,450 per month

 

2. **Second Property Purchase (May 2022):**

   - **Property Type:** Larger townhouse (3000+ sq ft)

   - **Purchase Price:** $850,000

   - **Financing:** Loan with 5% interest rate

   - **Key Action:** Rented out part of the home to offset mortgage costs.

   - **Current Value:** $900,000