July 2012 Net Worth Update (+$18,119)

Highlights for July

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 August Zillow property estimates are: $197,556; $127,038; $281,570; and $229,851.
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. I've decided to shuffle some of our loan balances to lower our carrying cost.
July was a positive month for our investments and our net worth is now at an all time high.
We painted the nursery for Baby #2 and am having some regret focusing my very limited time on a low value add activity.
Our monthly expenses were up significantly in July in particular due to the expenses associated with turning over over Rental #2. The good news is we were also able to raise the rent by 4% on this property with the new tenants.

Related in Net Worth:

July 2018 Net Worth Update (+$52,101) (Aug 03, 2018) Highlights for JulyI come out of July feeling optimistic all the way around. We had positive developments on numerous fronts including the bottom line.In July we purchased our 5th rental property! The property market is very hot around our...

June 2018 Net Worth Update (+$22,779) (Jul 08, 2018) Highlights for JuneIn June our activity picked up a bit and we closed with another solid month in the books.Our largest individual stock holding (Genworth) had a breakout month as the US govt (CFUIS) approved the deal for it...

May 2018 Net Worth Update ($20,481) (Jul 04, 2018) Highlights for MayIn May we closed on some long term financing (5.375% 30 yr fixed) for our rentals that we used to pay off our equity line and reloaded our cash for the next acquisition. Ive started looking for...

Comments (3)

Hello, what are you investing in that got a 5.22% gain in your pre tax retirement accounts? Thank you.

Posted by Dave | August 5, 2012 4:08 AM

Dave,
I wish I was getting 5% monthly - good question. That caught my eye as well. I use Mint to track account values and I suspect this a combination of my normally decent monthly contributions/company match and a discrepancy in Mint. I think Mint had the end value in June wrong (see June net worth) as it should it as a down month, but I suspect it was actually a decent gain.

As far as what the money is in - a mix of international index, total market index, and small cap index mutual funds.

Posted by 2million | August 5, 2012 2:16 PM

No tax liability reserve setup for close to half million dollars between brokage and pre tax retirement accts?

Posted by Jim | August 14, 2012 3:26 AM