April 2013 Net Worth Update (+$13,409)
Highlights for April
- We like to take advantage of 0% APR balance transfers and other credit card offers for free money. We earned a $500 bonus on our last offer on new Capital One Spark credit card.
- Our properties are listed on our balance sheet based on their cost basis, not current market value. We did this while the real estate market was riding high and we continue to do it now during the slide. I believe real estate is too illiquid to list based on recent sale transactions. For those interested, our April Zillow property estimates are: $193,593; $121,465; $296,140 (which recently appraised for $270k); and $233,195.
- Re-renting our 1st rental which has a lease ending in July was my primary focus in April. I outsourced some landscaping $310, exterior painting $1450, and purchased a new lawnmower $147. I was able to sign a 2 year lease and still raise the rent a bit. I am feeling good that the heavy lifting on this project is done for now.
- April was a disappointing month from an investment perspective. My actively managed portfolio lost value, while the VTI benchmark gained a little. I'll post my investing report shortly.
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