Just one more week until company shutdown and then I’m off to Miami! Yup, it’s that time of year again… When winter comes rolling around, I’m making it a habit to flee to someplace warm! Hawaii sounds just about perfect right about now, but unfortunately we weren’t able to make it happen. Instead, my brother Living Proof and I will be vacationing out in Florida for the first time ever. Once there, we will probably make time to talk investing and future strategies (and of course early FI)… But the primary reason for visiting will be to RELAX!
Let’s get to the net worth report!
According to Mint, my net worth is currently $763,680.73. This represents an increase of 6.64% from last month ($716,124.37). I’m still using Zillow’s Zestimate to determine the value of my properties.
I currently have $8,632.18 stashed away in my checking account ($11,043.12 previously). I spent a large portion of it to purchase more Alibaba (BABA) stock.
As we speak, I’m getting ready to complete a cash out refi on one of my rentals. If this goes through smoothly, I should have a lot more cash arriving sometime in December/January.
The current plan is to use a portion of the refi money to close Rental Property SH #3, which a partner and I just recently won. The remaining funds will be available for investment. As of right now, I’m leaning towards getting back into dividend growth stocks… The energy sector looks badly beaten up right now!
I owe the following loans:
Rental Property #1: $225,192.46
Rental Property #2: $224,777.07
Rental Property #3: $115,564.95
I currently own Alibaba (BABA) stock. My other investments are in 401k and Roth IRA.
Roth IRA: $57,697.45
Investments are down this month across the board. Total portfolio value is up since I acquired some more Alibaba (BABA) shares. I now own 188 shares.
According to Zillow, here are the values of each property:
Rental Property #1: $469,107.00
Rental Property #2: $465,068.00
Rental Property #3: $121,526.00
Rental Property #4: $85,882.00
Rental Property #5: $106,749.00
To keep track of my side hustle deals, I am simply inputing the downpayment amount. Rather than having to keep track of each property value and dividing out my ownership stake (25%), I’m going to keep this simple and uncomplicated. However, these deals were made with the idea of future appreciation in mind, so ultimately their property values do matter!
Rental Property Side Hustle #1: $24,500.00
Rental Property Side Hustle #2: $32,562.00
The following debts should be listed under the Loans tab, but unfortunately Mint forces manually inputted loans to show up under the Properties tab.
Rental Property #4: $63,758.01
Rental Property #5: $125,080.41
Rental properties experienced a ton of volatility this month. Rental Property #1 is up noticeably again, along with Rental Property #2. Most of the net worth gains this month were attributed to Zillow’s updated valuation for those two Bay Area properties.
The total value of all assets now checks in at $1,518,288.51, an increase of 3.24% from last month ($1,470,689.18). I also owe $754,607.78.
The net worth is up quite a bit this month, but not too much really happened. Outside of buying more shares of BABA, it was simply business as usual. The end of the year is approaching, so I will be most interested in going over my financial statements throughout the year and sharing with readers.
As we concluded 2013, my net worth was $569,022.97… So, looking back, I can see that progress was made, even though on most days it doesn’t feel that way. I guess slow and steady wins the race and you just have to keep hustling. The little victories add up, which is why we keep track of these things like clockwork. 🙂
2014 Net Worth Summary:
November 2014: $763,680.73
2013 Net Worth Summary: