I closed house #3 this month! I shared that I found house #3 in an earlier post and was able to close on the 29th of April! 9 months into the real estate investing game and I was able to purchase 3 cash flowing properties. More about house #3 in next month’s income report, for now here are the numbers from my previous investments:
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 over the past 9 months has been $2,500. My bank account has been growing and I haven’t been doing anything. This is a crazy concept for me to grasp, since I’m so used to only receiving income as part of my salary, and that is in exchange for my time at work. Here it’s money that I make passively!
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