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An update

November 16th, 2018 at 07:23 am

Our Florida home is on its last stages of construction. We locked the interest rate and I think we will close by December 15th. We've been able to save a nice amount to furnish the home and take care of the first year HOA/CDD fees. I am moving enough cash to cover the first year of mortgage as well. I am giving notice at work by December 31st that I will not be returning next school year. I have been doing some research and I am pretty confident that I can make close to $2K a month by doing substitute teaching the months I'll be in Jersey.

On another note, Mother Nature dumped significant amount of snow in our area and the state did a lousy job preparing for it. It took my son 8.5 hours to get home form work. There were so many people stranded in the highway that many people chose to abandon their cars and walk. For some people a 20 minute commute took 5 hours.

We received a check for $650 for an escrow overage for one of our rentals. On the other hand, we have a shortage on the other rental and our mortgage went up on that one. I am sending a little bit extra each month to cover escrow shortages from now on.

4 Responses to “An update”

  1. LivingAlmostLarge Says:

    When are you planning on moving in?

  2. NJDebbie Says:

    We are going to try the "snowbird" thing. Next winter will be our first in FL and we'll be using it on long weekends, spring break and summer until then.

  3. Petunia 100 Says:

    How exciting! Enjoy your well-deserved retirement from full-time teaching. Smile

  4. rob62521 Says:

    How exciting! Hope your move goes smoothly and you can enjoy your snowbird thing as well as this place being a source of great joy!

    Sorry about your son having to deal with such a mess with all that snow and getting home. We didn't get as much as you did, but even so, with it forecast for days, our city maintenance crew really dropped the ball.

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