May 2012 Net Worth Update (-$28,098)

Highlights for May

We like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities.
Our properties are listed on our balance sheet based on their cost basis, not current market value. I believe real estate is too illiquid to list based on recent sale transactions. For those interested our June Zillow property estimates are: $198,800; $131,000; $280,300; and $224,900
We continue to focus our free cash flow in 2 areas: rebuilding our cash position and paying off rental #1 primary mortgage to improve our monthly cash flow.
May was a scary month as our investment portfolio took a nose dive. I'll post additional details of our investment activities in May later this month.
Posting has been light as I've been working at times 24x7 for my employer, and my wife has been carrying a heavy load keeping up our household. It's been draining, but I hope to begin catching up on things once we get through the rest of June.
We started to work on refinancing our latest investment property with a no closing cost loan to shave 0.5% off our interest rate.

Related in Net Worth Archive:

April 2012 Net Worth Update (+$2,763) (May 09, 2012) Highlights for AprilWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We received $1,000+ in rewards cash...

March 2012 Net Worth Update (+$22,032) (Apr 11, 2012) Highlights for MarchWe like to take advantage of 0% APR balance transfers and other credit card offers for free money. We are actively looking at taking advantage of new credit card arbitrage opportunities. We are close to earning ~$1,000...

February 2012 Net Worth Update (+$23,526) (Mar 08, 2012) AssetsJan-12Feb-12Change%Cash & Savings $ 27,618.74 $ 29,545.33 $ 1,926.59 6.98%Taxable Brokerage Accts $ 164,890.42 $ 170,312.04 $ 5,421.62 3.29%Roth IRAs $ 86,835.15 $ 90,658.28 $ 3,823.13 4.40%Pre-tax Retirement Accts $ 287,564.04 $ 299,168.34 $ 11,604.30 4.04%Stock Options $ - $...

Comments (2)

How dare real life get in the way. :) Keep up the good luck and I look forward to following your progress for years to come!

Posted by SoonerCPA | June 10, 2012 10:56 PM

How's the pregnancy going? We just had a baby and I celebrated my first Father's Day! I'm now trying to find a college fund to save for his college. Just not sure, just not sure which investment vehicle is correct.

Posted by Steve | June 17, 2012 6:50 PM