January 2016 Income Report

by David | Feb 6, 2016 | Income Report

Income:

Expenses:

Cash flow: -$360.72

December 2015 Income Report

by David | Jan 1, 2016 | Income Report

Income:

Expenses:

Cash flow: $576.61

November 2015 Income Report

by David | Dec 29, 2015 | Income Report

Income:

Expenses:

Cash flow: $19.81

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