My main goal for November was to close on house #2, and that’s exactly what I did! After a little bit of trouble with getting the documents signed with a notary and wiring the money, everything has been closed and I’m now the owner of TWO investment properties. At this time, I have invested a total of $46,263 (down payments and closing costs) and my real estate portfolio is worth $131,400.
The cash flow breakdown for the month of November was:
| Rent | $795.00 |
| Mortgage | -$316.67 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Management | -$79.50 |
| Total cash flow | $398.83 |
The total cash flow this month comes out to $398.83, making the total cash flow thus far $1,427.30.
For the upcoming month, I’m planning on spending time setting goals for 2015 (I’ll write more about this soon) and searching for my next investment.
[For those of you who are wondering how much more money I have to invest… I mentioned that I investigated real estate investing for over 2 years and made sure to save money during that time (and before those two years). So my wife and I currently have around $60,000 left to invest. And, one of my goals for next year will be to continue and save for additional down payments.]
In regard to my performance meters, we’re green on both cash flow and passiveness! No problems with house #1, and I got 100% of the expected cash flow!
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