kinless' Net Worth for August 2020


Assets Value Change ($) Change (%)
Cash $79,106 ($66,153) (45.54%)
ULI Total Value $8,804 - -
Retirement $198,147 $10,778 5.75%
Home $622,500 $2,500 0.40%
Other Real Estate $350,000 $346,500 9,900.00%
Cars $2,200 - -
Personal Property $15,000 - -
Other Assets $0 - -
$1,275,757 $293,625 29.90%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $247,019 ($866) (0.35%)
Other Mortgage(s) $262,500 $262,500 -
Credit Cards $3,390 $1,537 82.95%
Car Loans $0 - -
Other Debts $21,000 $21,000 -
Total Debts $533,909 $284,171 113.79%
Net Worth $741,848 $9,454 1.29%
*All values shown in USD ($)
Notes:
It's a done deal!

Now the proud owner of my very first investment property in Oro Valley, Arizona. Needed a few extra days with escrow but overall a pretty smooth transaction. I have already met with a reputable property manager and should have it rented out by the beginning of October! After figuring all income/expense calculations, the initial return rate will likely fall between 8-9%, not bad for my first one. Nice to finally have that stack of cash invested elsewhere besides a measly 0.8% "high-interest" savings account.

Other than that, retirement funds continue chugging along in the proper direction. If I can establish another sizable stash of capital and this first rental property does well, maybe in a few years time I can buy the second one as planned. Just gotta make sure the world doesn't fall apart by then.

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