May 2014 Net Worth Update

I’m back from the East Coast! It was a wonderful trip, and I ended up taking so many photos that I ran out of memory on my phone. 😉 Right now, I’m working on catching up on some e-mails and messages, but when I get some free time, I’ll make sure to share some of the pictures and details of the trip.

Let’s get to the net worth update for May:

Net Worth

According to Mint, my net worth is currently $665,115.97. This represents an increase of 4.99% from last month ($633,456.43). I’m still using Zillow’s Zestimate to determine the value of my properties.

May_2014_Net_Worth

Cash

I currently have $15,541.48 stashed away in my checking account ($3,718.75 previously). Now that tax season is over, and baring any major setbacks, I should be able to ramp up production towards saving up for the next downpayment soon. I hope to have enough ammo by the end of June, but we’ll see.

Realistically, I probably won’t start the process of looking for Renal Property #6 until I get back from my big vacation in August. This will give me even more time to insure I have enough funds ready for the next major move.

Loans

I owe the following loans:

Rental Property #1: $227,190.83
Rental Property #2: $227,101.67
Rental Property #3: $116,219.41

Total: $570,511.91

Investments

I currently own no individual stocks. My only investments are in 401k and Roth IRA.

401k: $113,778.28
Roth IRA: $55,112.56
Brokerage: $4.65

Total: $168,895.49

Investments were up slightly this month. My investments are up since I’m now investing back in my 401k again. What’s nice is that the company’s match vests immediately and this free money does end up making a noticeable difference each month. Last month ended with investments valued at $163,340.86. I keep track of my retirement accounts, but the monthly variations and overall performance mean very little at this point in time.

Properties

According to Zillow, here are the values of each property:

Rental Property #1: $445,329.00
Rental Property #2: $423,368.00
Rental Property #3: $154,850.00
Rental Property #4: $86,722.00
Rental Property #5: $162,761.00

The following debts should be listed under the Loans tab, but unfortunately Mint forces manually inputted loans to show up under the Properties tab.

Debt: $32,607.84
Rental Property #4: $63,841.76
Rental Property #5: $125,389.49

Total: $1,051,190.91

Rental Property #1, as always, is fluctuating again this month. For May, it’s down 3.99%, checking in at $445,329.00 and coming in much lower than last month’s value of $463,106.00. On the flipside, we have Rental Property #2 which is continuing its surge, rising to $423,368.00 this month, an increase of 5.3% from last month’s value of $402,068.00.

Rental Property #3 is holding steady in value, as is Rental Property #4. Rental Property #5 experienced a jolt this month, rising to $162,761.00. This represents an increase of 4.1% from last month’s value of $156,382.00.

Summary

The total value of all assets now checks in at $1,457,466.97, an increase of 2.03% from last month ($1,428,401.61). I also owe $792,351.00. Now that I’ve had a nice break from the mundane, it’s time to refocus my energy and efforts towards saving up for the next rental property. Including this week, I have ten weeks to go until the next vacation!

I gotta say, introducing a breakpoint every now and then does absolute wonders for your mind, body, and spirit. These vacations really do help me recharge, and I come back refreshed and ready to go. Like most things in life, you gotta find the right balance between work and play. Alright, it’s time to shift gears and get back to work!

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Retire Before Dad
Guest

FIF,
Nice job growing the assets. I hear ya about vacation. I have a long overdue one coming up. Haven’t really taken a good break in more than a year. Hoping to come back recharged.
-RBD

happylater.com
Guest

have you considered structuring part of your properties as an annuity for tax defferal purposes ?

Sam
Guest

Nice progress!

Can you share with us your experience of getting so many mortgages? I had a very difficult time snagging mine recently. How will you convince a bank to get your next one?

MrsFinancialFreedom
Guest

Glad you had a great time on your recent holiday and have come back all refreshed. Looking forward to hearing all about the next property you buy. Do you think this will be the last one before you quit your cubicle?

Dave @ The New York Budget
Guest

Nicely done – take a trip and your assets continue to grow – that’s how you do it!

Great meeting up with you as well!

Jason @ Islands of Investing
Guest

Great stuff FI Fighter, and so glad you had a fantastic trip and feel refreshed and ready to go again! As you say, you’ve got to find some time to relax and keep the balance. And very exciting to see you’re assets grow while you’re in fact taking a break – a good reminder of why many of us are on this FI journey.

My Dividend Pipeline
Guest

Congrats on a great May. A 5% monthly increase in net worth is outstanding, but not as impressive as your passive income growth. It looks like you are winning in the real life game of Monopoly. Keep up the great work!

MDP

A Frugal Family's Journey
Guest

Way to go, your net worth is growing quite nicely! The real estate market and thus your rentals have been very good to you lately. Keep it up!

Wishing you continued success in your journey. AFFJ

J. Money
Guest

Nice bump, man! You just moved up a notch on the Blogger Net Worth Tracker – woo! 🙂

http://rockstarfinance.com/blogger-net-worths/

No Nonsense Landlord
Guest

Take your time, and always look for deals. I let one deal pass, and I had an another offer rejected. After we verbally came up with a price, the seller changed his mind.

No worries, there are lots of deals out there. But only if you are patient.

Financial Samurai
Guest

I agree. If you miss one, there is ALWAYS another one that comes along.

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