February was a month of getting back into the hunt for me. In January, things went quiet in the REI world for me since there was a lot to do at work and at home during the first few weeks of the year. But now I’m back to REI work. I spent a lot of time this month networking with fellow real estate investors and talking to turnkey real estate companies to learn what else is out there.
This past month, I also started researching multi-unit properties such as apartment buildings. Going from investing in single family homes to multi-units is a big leap, but I think it could be an important one since I understand that I need to scale in order for passive real estate investing to really impact my life.
All went well with my properties in February. Cash flow is identical to last month, and you can see the breakdown here:
House A
| Item | Amount |
|---|---|
| Rent | $795.00 |
| Mortgage | -$316.67 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Management | -$79.50 |
| Cash flow | $398.83 |
House B
| Item | Amount |
|---|---|
| Rent | $725.00 |
| Mortgage | -$413.49 |
| Insurance | -$30.58 |
| Taxes | -$72.68 |
| Management | -$72.50 |
| Cash flow | $135.75 |
Total cash flow generated from passive real estate investing is $2,049.
Plans for March: continue to network with other real estate investors and turnkey companies to find my next purchase. Even though I’m researching multi-family units, I believe my next purchase will be a single family property. But I will be spending a good amount of time on researching multi-family options… I’ll keep you updated on how that goes.
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