March 2018 Net Worth Update (+$11,292)

Highlights for March

  • It 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 been 8 years since I purchased my last property and it feels good. The stock market continued to slide a little.
  • I purchased our 4th rental, a single-family home for $142,000. The real estate market in our area was surprisingly hot; I made offers on 8 properties and this was the first one I received a counter on. I made a cash offer and quick close (closed within 14 days of offer acceptance). The house is currently rented for $1,250.
  • I purchased the property using our available cash as well as tapping an IELOC (investment line of credit) that we had on an existing rental.
  • I plan to do a cash-out refinance on one of my existing rentals to put long-term financing in place.
  • Also in March I broke my telephone so took the plunge and switched my service from Cricket to Project Fi. I expect my monthly cost will be about the same, but the big advantage for me will be international calling/data when I am traveling abroad. You and I can get a $20 referral credit thru this link when you join Project Fi

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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