April 2018 Net Worth Update (+$22,946)

Highlights for April

  • April was a busy month, with positive momentum as much of the month was focused on some long term financing for our new rental.
  • It took us longer than I expected, but for most of April we worked on a cash out refinance of our first rental property to put long term financing in place for our latest rental purchase (property #5). We locked in on a 5.375% 30 yr fixed rate (which provided enough credit to cover our closing costs). This rate is slightly lower than the 5.5% on our IELOC , insulates us from further rate increases, and allows us to get some additional cash freed up for future investment opportunities.
  • In the beginning of April we took a Spring Break trip to Williamsburg for 4 days. We purchased season passes to Busch Gardens for $400 for the family. We will plan to go back a couple additional times during the summer to leverage them.
  • We sold our baby furniture (crib and changing table). There was a lot of emotional attachment, but very proud my wife finally helped make it happen. The best part is we were able to sell the furniture for the same price we paid for them ($400) so basically got 8 years of use for free.
  • We maxed out our 2017 IRA contributions in April, but found I had a late scramble on our 2017 taxes as my wife was able to deduct traditional IRA contributions, but I was not. I quickly recharacterized my contributions to Roth IRA contributions for 2017.

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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About 2millionblog.com

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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