After getting back to into the green in August I needed September to show that it wasn’t a temporary thing and my passiveness and income were back to their normal levels. And that’s exactly what happened in September. Income and expenses were as expected with no surprises. Here’s a break down.
Income:
| House | Amount |
|---|---|
| House A | $795.00 |
| House B | $725.00 |
| House C | $675.00 |
| Total income | $2,195.00 |
Expenses:
| House | Amount |
|---|---|
| House A | -$396.18 |
| House B | -$589.25 |
| House C | -$549.72 |
| Total expense | $1,535.15 |
Cash flow from September: $659.85
So a good month for September. As you can see this might end up my first year not purchasing a real estate investment (since I started over two years ago). I don’t want that to happen so I spent a lot of time on what my options are moving forward. I currently have around $50k available for purchase so I could buy another rental… but… I’m looking at my options.
One of my biggest challenges is that my income from my day job hasn’t grown very much and having a baby can get expensive… My point is that my main challenge in the real estate investing game is that I don’t make enough money to buy as much real estate as I’d like. What does that mean? I need to spend more efforts on making more money. That can either be side gigs, or, perhaps more hands on real estate investing such as flipping houses. Flipping houses is a great way to make money which I can then leverage towards my long term investments BUT it’s not passive. So I’ll continue to spend time researching and get back to you with my findings and more details about my options.
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