We did a home refinance in April, since we were able to get a 2.25% interest rate. We got about 5 years off of our loan and we also pulled out some money that was going to go towards some home improvement projects. However, after we did the backyard, we decided to use the money we pulled out towards a long-term investment (rental property). We looked at some houses in college towns when we went to visit Oklahoma and Kansas in June, but didn't really like any of the ones we looked at. We kept watching the houses that came online and decided to put an offer on one the end of July. We only did a video tour and didn't actually go see it in person, but the inspection was pretty good and we trust the realtor's judgement. It was a little bit difficult to do everything from a distance, but we were able to close on the house the 3rd week of August. We were a little late in the rental season, but we were able to find a family to rent it out starting September 1st. It's a small, older home - 3 bed 1 bath, less than 1300 sq ft, but it's got a really good location. After our expenses for mortgage and property management and such, we only make about $100/month, but we're not really expecting to make money now. (And hopefully we won't LOSE too much money on it, because I'm sure we'll have to replace some things that won't be cheap). When we pay off the mortgage in 15 years, we should see some more money coming in. We also got a great low interest rate on it, 2.75%, so at least we have that going for this investment. Only time will tell if this works out well for us.
Sunday, September 26, 2021
Thursday, September 23, 2021
Back in school again
Weston drew this picture, which is exactly how I feel, except that he's still smiling through it. I just have a constant frowny face when I think about masks.
Beach day
While the boys were gone...
Yosemite Backpacking Trip
Our anniversary trip was a nice little trip, but the real highlight of Alex's year was his 58 mile backpacking trip with the boys! He had to plan quite a bit ahead of time to get reservations for camping spots in Yosemite, so he had been looking forward to this trip for a while. Alex, Nathan, and Jared left really early in the morning on Monday, August 2nd (I think they left around 3:00am). I took a few pictures of them the night before, because I wasn't getting up that early to see them off. He took Nathan, Jared, and two of their friends for the first part of the trip (M-Th). One of Alex's friends left on Thursday evening with Owen and 3 other boys to meet up with them for Friday and Saturday's part of the trek. Another friend drove there to help with getting them back to their cars for the way home. There were a lot of little things to coordinate. They needed bear containers to pack their food in (a week's worth of food), had to pack everything out that they brought it, and they needed to filter water along the way too. So they needed to know where they were going to get water. Alex had their route all mapped out and all the details worked out. Everything worked out pretty well, with probably the biggest challenge happening about 2 miles in on the first day. The soles of Jared's boots broke off, so luckily Alex had some electrical tape that Jared used until Friday to hold his boots together. Owen brought a second pair with him when he came. They look pretty funny in the pictures with the bandanas hanging out of their hats, but at least they didn't get burned! They didn't come across any bears either. I think hanging out at night was a pretty fun part for the boys, but they did make it through all the walking during the day.
They didn't get back until about 11:30pm on Saturday - stinky, dirty, and exhausted. I think it was a long, tiring week, but a memorable one and they felt a sense of accomplishment. Alex loved it and is already planning next year's trip.
(Alex did think of me at least once during the week - he sent me a picture of the flowers since he knows I love wildflowers! 😊)