June 2015 Income Report

by David | Jul 1, 2015 | Income Report

This month I collected a full months rent from all 3 of my properties. I am still in full passivness for these properties and enjoy watching my monthly cash flow, flow into my bank account. It might be funny but I’m surprised by this every month all over again… the idea that this money just enters my account with needing to do any work myself.

Half way through the year, it’s a good time to take a look at my goals to see how I’m doing and stay accountable (we’ll get to the numbers for this month after that).

• Finance/REI goals:
  • Save at least $45,000 – slightly below the mark but on track with this one. We currently have around $20,000 saved so far this year.
  • Purchase 3 additional properties – Doesn’t look like I’m on course with this one! While I’ve been doing my research I have a bit of baby paranoia… not sure if spending $20k – $25k before having a baby is a good idea… I don’t currently have a property in sight.
  • Grow my net worth to $150,000 (was $100,000 at the beginning for the year) – On track with this as savings is going well. And as I mentioned in March I have the following working in my favor: amortization, house value increase, monthly cash flow
• Personal goal:
  • Start a family – Pregnancy is coming along! Going to all the doctor appointments and getting very excited. Also looks like these little people cost a pretty penny.

• Passive REI blog goal:
  • Write one post per week – Not even close! Currently at around 1-2 posts per month. I need to get back to writing.

Here are the numbers for June:

House A

House B

House C