My journey of becoming financial independence by 35 years old
This photo was taken when we were out on a walk.
Update on rental investment prospect from this week post, the option 1 is no longer available, as the bank is already in contract with a buyer. InvestmentHunting is super sharp, I guess, many other investors would make the same decision. :P. I was so tired from wedding, and working nonstop, plus many landlording problems that needed my attention, so that was why I was a little hesitant and waging my options.
Last month marked the first time I reported the income from my investment property from out of State. Which boosted my monthly passive income by a huge number. The reason this is sweet because I’m completely removed from all the decision making, as I paid somebody to fix the property and manage the property. So here goes the numbers:
|11/30/2016||BANK DEPOSIT SWEEP 113016 208,622||$0.98|
CAPITAL ONE FINANCIAL CORP 112516 40
HCP INC 112516 10
CITIGROUP INC NEW 112316 100
KINDER MORGAN INC DEL 111516 80
POTASH CORP OF SASKATCHEWAN INC 110216 20
DEERE & CO 110116 10
rental income after expense: $700700
Total for October: $754.68
If some of you found the discrepancy between last month, and this month posting, you’re right. As last month, I reported the income before expenses. So this time, I made the adjustment, hence the decrease. Nonetheless, it is still total passive income.
As for what next, I’m still deciding on which property I’m going to move forward. I don’t want to be totally depleted of cash, at the same time, I don’t want to take on too much loan, and have the pressure to stay working to earn back the emergency fund. Mr.W and I have different approach, as of now, we’re still keeping our finance apart. We got married late, so we’re pretty much set in our own ways, I still function as if I don’t have any back ups, so my mind set might be more conservative than couples who merge their income.
In the meanwhile, I’m a little tired from all the stuff happening, and the sluggish winter. So, I’m planning a trip to St. Thomas/St. John. More on the planning process in a later post. Any tips are welcome.