Investorman's Net Worth for May 2010


Assets Value Change ($) Change (%)
Cash $14,980 ($18,120) (54.74%)
Stocks $0 - -
Bonds $0 - -
Annuities $11,684 ($4,339) (27.08%)
Retirement $38,155 $2,055 5.69%
Home $225,000 $225,000 -
Other Real Estate $505,000 - -
Cars $25,600 ($100) (0.39%)
Personal Property $30,000 - -
Other Assets $4,607 ($86) (1.83%)
$855,026 $204,410 31.42%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $204,155 $204,155 -
Other Mortgage(s) $392,810 ($721) (0.18%)
Student Loans $27,474 ($140) (0.51%)
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $624,439 $203,294 48.27%
Net Worth $230,587 $1,116 0.49%
*All values shown in USD ($)
Notes:
Had to pay the tax man last month (boo!). The new home purchase went through this month (cheer!). Looks like the debt-pay-down will begin. Really excited by the house, but we're going to have to work hard to pay off a good chunk of the balance over the next 12 months. The goal is to get to 80% LTV. No more big purchases until we're through...we can do it! I currently have three houses without tenants, but I've selected new tenants for two...just waiting for them to move in so I can stop mowing every week. I have a long-term tenant (4 years) moving out this month. Hate to see them go but I'm going to take the opportunity to do a few upgrades to the house and raise the rent (hoping for 7% increase). I should easily be able to stick with my payback period goal for improvements: increase in rent must pay for the improvement within 4 years. Debt-to-Assets = 73.03% Legend: "Cash" = Personal Savings "Annuities" = Investment Property Savings (excluding deposits) "Other Assets" = Health Savings Account "Other Real Estate" = Investment Properties (current market values) "Other Mortgage" = Investment Property Mortgages

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