More about rental real estate
March numbers: Personal: Gross monthly W2 pay: $5,375 Net monthly W2 pay: $3,616 Total credit card debt: $25,872 (+166) Total other non-mortgage debt: $10,036 (+574) Total mortgage debt: $155,188 (-$832) Cash/cash equivalents: $4,727 (-10,967) Total retirement savings: $118,391 (-$57,019) Non-Equity… Continue Reading
Long before I discovered FI I did a calculation of when I could retire. Given my income and savings rate at that time, my retirement date was somewhere in my early 120’s. Clearly that was unacceptable, so I endeavored to… Continue Reading
Just a quick tip – always confirm with a prospective tenant about an hour before the tour time. My cancellation rate is about 50%. This will minimize no-shows (which will still happen). Some sites (like biggerpockets.com) will suggest setting an… Continue Reading
January numbers: Personal: Gross monthly W2 pay: $5,375 Net monthly W2 pay: $3,387 Total credit card debt: $28,776 (+$3,994) Total other non-mortgage debt: $6,711 +$1,846) Total mortgage debt: $156,773 (+$2,165) Cash/cash equivalents: $14,696 (+$364) Total retirement savings: $171,127 (+$6,110) Non-Equity… Continue Reading
December numbers: Personal: Gross monthly W2 pay: $5,375 Net monthly W2 pay: $3,387 Total credit card debt: $24,782 (+$4,484) Total other non-mortgage debt: $4,865 (-$3,937) Total mortgage debt: $154,608 (-$501) Cash/cash equivalents: $14,332 (+$586) Total retirement savings: $165,017 (+$3,763) Non-Equity… Continue Reading
I shared it already, but I have a new house! You also will have seen it amply reflected in the precipitous increase in my debt load. This is my fifth property in my attempt to use Real Estate to FIRE… Continue Reading
August numbers: Personal: Gross monthly W2 pay: $4,833 (no change from prior month) Net monthly W2 pay: $3,328 (no change from prior month) Total credit card debt: $25,403 (+$3,843) Total other non-mortgage debt: $6,282 (+$3,043) Total mortgage debt: $143,095 (+$32,768)… Continue Reading
July numbers: Personal: Gross monthly W2 pay: $4,833 (no change from prior month) Net monthly W2 pay: $3,328 (-$9) Total credit card debt: $21,560 (+$1,363) Total other non-mortgage debt: $3,239 (+$806) Total mortgage debt: $110,327 (-$736) Cash/cash equivalents: $16,086 (+$955)… Continue Reading
In working on a possible next real estate deal my realtor urged me to begin incorporating my property equity into my net worth. I had resisted doing that, but I was able to talk myself into it by including the… Continue Reading
October numbers: Personal: Gross monthly W2 pay: $4,833 (no change from prior month) Net monthly W2 pay: $2,834 (-$95, no idea why) Total credit card debt: $10,664 (+$443) Total other non-mortgage debt: $17,300 (-$819) Total mortgage debt: $116,880 (-$720) Cash/cash… Continue Reading