| Debt-to-Assets = 65.06%
I thought we were done with refinancing, but I found a good deal on refinancing one more of the investment properties. Can't beat moving from a 5.875% to a 4.75% while staying on a 30 year note, with only a couple hundred bucks out of pocket. After this refi goes through, that should put over $1,000 per month in free cash flow from the investment houses (including property management fees for the 2 that I manage but do not own). That is about a 60% increase from Dec 2011 so I'm going to say that's Mission Accomplished on the cash-flow perspective goal for 2012.
Also this month, I leased two more houses, so I've got the bulk of the leasing work completed for 2012. We have a couple more that are up later in the year but I suspect that they will renew for another year. I will gladly take it!
Finished our taxes this year and was a bit surprised to see a refund of about $2k come our way. While I was expecting at least a lower tax bill in 2011 due to lower income, I was honestly not expecting a refund like that. My wife has been making the slow transition from full-time to part-time, and we now fully expect her working days to end by the end of 2012. I'm beginning to feel the pressure of being the sole income producer but I'm up to the challenge and am confident that we will do great.
Legend:
"Annuities" = Investment Property Savings (minus security deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages
"Other Debts" = Hard money loan for rental property rehab |