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:

March 2018 Net Worth Update (+$11,292) (May 20, 2018) Highlights for MarchIt feels a little like I have woken up from a coma and finally taking some action to continue building our net worth! March was an exciting month as I dove back into real estate investing. Its...

February 2018 Net Worth Update (-$47,198) (Apr 07, 2018) Highlights for FebruaryFinally some sanity kicked in and markets were all over the place in February. Who knows where the markets are headed now, but I still think they are richly valued.Ive started working on my taxes and realized...

January 2018 Net Worth Update (+$43,834) (Feb 14, 2018) Highlights for JanuaryJanuary was another incredible month of growth for our net worth growth kicking of 2018 with a nice start. Only a few days into the new year and I had to unexpectedly replace a HVAC system at...

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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: $1,819,644


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