July 2015 Net Worth Update (-$2,103)

Highlights for July

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. I just redeemed a $475 bonus on the Barclays Travel Credit Card to help offset the final payment for our upcoming cruise vacation.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions. As a reference some recent Zillow values for our properties were: $197,166; $136,002; $300,005; and $216,831.
  • July was a relatively quiet month for us from a financial perspective.
  • We redeemed some Priority Club points for a long July 4th weekend getaway and I also had a 1 week business trip to Mexico in July that ended up being pretty much cost neutral for our budget.
  • I finished turning over the 3rd rental property this year in July. This is the first year I had to turnover 3 properties in the same year and not looking forward to doing it again due to the time demands. Hopefully we got good renters in that will hang around a while. On the plus side we did get to bump up the rent on all 3 properties this year.
  • At the end of July I made an incremental investment in Fairfax Financial as it dipped and our investment portfolio monthly return (0.28%) was very poor compared to our benchmark 2.14%.

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...

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


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