October 2015 Income Report

by David | Nov 1, 2015 | Income Report

Income:

Expenses:

Cash flow: $488.82

July 2015 Income Report

by David | Aug 1, 2015 | Income Report

It’s been a year since I purchased my first house!!

Quick summary of the past year and my real estate investing achievements:

• July 2014 – purchased house #1
• November 2014 purchased house #2
• April 2015 purchased house #3

Last month was my first moth for collecting 3 full rent payments from my tenants (something my property manager does of course) and this month was no different. I received the expected cash flow and the number are identical to last month:

House A

House B

House C

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

May 2015 Income Report

by David | Jun 1, 2015 | Income Report

This month is my first income report which includes my three rental properties. The income for property #3 is only for the last few days of the month since I purchased the property on April 29th. Next month we’ll see the full income for all three.

This month, was all “passive”. I had no problems with my properties and everything has been smooth sailing. Here’s the breakdown for each property.

House A

House B

House C

Total for May

April 2015 Income Report

by David | May 1, 2015 | Income Report

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

House B

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!