Reply to Making $220K - any chance for FA at DC Privates?

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[quote=Anonymous]Op here - sorry was sick and just checking in. We have two rental properties that we are planning on holding on to so we can pay for high school. By then they should be paid off and we figure that would be the best use. I can't remember all of the other questions asked. Regarding equity in home - yes we do have some based on current appreciation. Our mortgage is reasonable but all of our free cash has gone to renovating this old house. We did have some nice savings ( around $50k) but that is all gone as we had contractor issues during our renovations and so are having to double pay for work. Not trying to make excuses just stating facts.

Our second child is in daycare. Daycare costs run us $1400/month per child currently. After daycare we are able to save somewhere between $2500-$2800/month usually once this renovation project is done.

Basically without financial aid of some sort we would not be able to afford private school for both kids. Also regarding selling the rentals - one is underwater and the other does have equity.

Let me scroll back to see if I missed anything. [/quote]

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