Saturday, September 30, 2017

Passive Income Report: September 2017 (348% YoY Growth!)

It is time again for my Monthly Progress Review, and I'm excited because this is my FOURTH record month in a row...and one where I achieved a 348.6% Year-over-year growth rate from last September 2016. Things are really clicking into place for my portfolio - praise God!

In each progress review I will list a summary of all dividends I received, the rental income I received, and any purchases I made from that particular month.

This monthly report covers September 2017.  
I hope you enjoy these posts and that we can learn how to grow our passive income streams and build real long-term wealth together! 


General Thoughts on This Month: In September 2016 I received $369.  WHAT A BLOWOUT this year's September was, comparatively. This was my 4th record month in row, and it was also the first month where all 4 of my rental properties paid out with no expenses or issues.  Completely, 100%, passive income.  This was also only the second month ever where I have achieved 4 digits of passive income in a month that isn't December (my big paying month, due to mutual funds.)

Read More to see how I earned $1,655.24 this month in passive income,

Dividends Received
Dividends were very strong this month with 4 mutual funds and 7 individual securities paying out: 



*All dividends are always reinvested.  I'm very pleased with the $735 from the stocks and bonds side of my portfolio!

Rental Income Received
As mentioned last month, I now have four active rental properties, my Missouri Rental my Colorado Rental, and my two North Carolina rentals: North Carolina 1 and North Carolina 2.  Listed below is the cash flow that each of these properties provided this month:


Wow. Just so awesome. This is the first time where all four of my properties paid out and NONE had any expenses. What a blessing! Therefore, this is what the "ideal" results of my rental portfolio should look like each month if there are no repairs or maintenance costs.  $920 in cash flow! And about $1500 in mortgage paydown that isn't captured here.

In summary, with dividends and rental cash flow combined, Total Passive Income Received: $1,655.24

Purchases
Still no purchases this month, or for the foreseeable future unfortunately.  I'm in debt big time (again, yes again, thanks to rental property #4), to the tune of about $17,500.  Of course, this amount should (or could) be considered equity, which I would almost certainly get back if I "sold" the property, but I had to borrow all of it to fund the actual purchase....So now it is time to start paying it back, before I do anything else. And I plan to pay back as much of it it as I can in the next 3 months or so and then look to add to my wife's ROTH IRA if possible and as quickly as I can to close out the year.

Thoughts on This Month
This was a great month for Passive Income.  Compared to last year's September total in 2016 of $369, my YoY growth for this month was 348.6%.  This puts my annual YoY average through the first 9 months of this year at 55.4% per month. 

With the addition of this month's income to my Progress Tab I now have earned $7,212 in total this year in passive income. A lot....but also not a lot., compared to where I need to be. I did make up a lot of ground, and you can clearly see it it the graph now, as the gap between "where I need to be" and "where I am" is starting to narrow.




Granted, I am still behind where I need to be, but not as bad as I was last month.  I think it is going to be a photo finish actually as to whether or not I achieve my primary Passive Income Goal.  But in summary I'm counting on some big months ahead followed by a massive December, if I'm going to make it!

I wanted to close with the exact same quote I closed with last month, because it is so, so pertinent and important to all of us; especially us bloggers who like tracking our progress, who enjoy money I am sure, and who most likely want to retire early:

"Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless."

What a great warning.  Thanks for reading, and I always appreciate any comments,

Passive Income Dude 

25 comments:

  1. Wow dude thats awesome great yrar over year increase. With your rentals that spread out do you ever run knto any problems? Or do you just have good property managers? Keep it up!

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    1. Hey thanks!! My rentals have MANY problems! :) Haha. No, to answer your question, I am glad that I am geographically diversified. It would be worse if I was only in one market (I think). And so yes, there are definitely months where I have small repairs and maintenance costs, and if you'll notice on my site that since the time this blog was launched (in mid 2016) I always track and report all of my expenses. So sometimes I have a 'negative' cash flow for a particular property, if for some reason the costs of operating the property that month are greater than the revenue that the property brings in. Typically I am cash flow positive, and if there are no repairs....I'm $920 positive! Like this month. Thanks for stopping by,

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  2. This comment has been removed by the author.

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    1. Somehow I think your comment was posted twice...see above for my reply! :)

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    1. Thanks Capturando! I appreciate it! Not every month is good, but some are and this happened to be one of them!

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  4. Your real estate's engine is running on full speed and adding more fuel to the fire. Hopefully you are throwing all that income back into paying down your debt. I'm considering in adding a second property to my rental real estate portfolio as well.

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    1. Hey Divs4Future! Thanks for stopping by. And I agree, I'm very thankful we're seeing progress. 55% average growth for each month for a long stretch...9 months...is awesome! Best of luck with your next purchase! I love RE, but it has to make sense from the start, like most things! As to your comment about debt, YES, everything (literally) goes towards paying down debt first. Then I save, then I repeat. :) ...at least that is the way it seems. Take care,

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  5. PID-
    Great month! I love that you monitor your cash flow after all the expenses - it shows how real estate investing works in real world!
    I am planning to start investing into real estate one day but it's going to take a while until I get there - I need to buy my own place firstly :D
    -BI

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    1. Thanks Broke Investor! Yea, it always makes sense to only call it "cash flow" if it actually is cash flowing into your account! :) Not every month is perfect, but this month was, which is great. I'm excited for you to start RE investing as well. It's by far the best investment you can make. Let me know if I can assist in any way,

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  6. PID -

    Dayum! Killing it and just bringing in all sorts of cash flow. Further, Vanguard pumped you up this quarter end, no doubt! $920 in positive rental cash flow is also nuts. Congrats man!!

    -Lanny

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    1. Thanks Lanny! Yea, Vanguard is awesome on the 3,6,9,12 months. December is by far my favorite also because a lot of the bond holdings pay out, which is huge. We'll see if I make my goal or not...I think it is going to be very close. And yea, my real estate is always hit-or-miss with whether or not their is a repair or a vacancy, so when all four are rocking like this month, it is awesome. Thanks for stopping by,

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  7. Dang, that's a solid month and awesome y/y growth. I have a similar payout structure in my dividends since I hold a lot of vanguard funds and other mutual funds and etfs. It's all about those quarter ending months for me. It looks like you're trending in the right direction towards the goal so I'm eager to see how close you get or if you hit it.

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    1. Thanks TiTM! Yea Vanguard funds are excellent, in my opinion. I cannot wait until December....always my favorite month of the year. Thanks for the encouragement and keep up what you're doing as well!

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  8. Dude,

    Incredible year-over-year growth. That rental income is really starting to "pay dividends" so to speak. :) I'm getting close to a point in my life where I may be buying some property too. I'll have to look back on your site to get some tips.

    Thanks for the update!

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    1. Thanks Two Investing. It really was quite a different September from this year to last year. Things are moving in the right direction, for sure. I'm just trying to hedge my earnings and set my family up for financial security and to help those in our lives that are around us. We'll see what the future holds!

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  9. Congratulations awesome numbers. Keep up the good work :)

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    1. Thanks Freezeman! I tell you, it always is fun reporting good numbers; it's the months when I have hundreds of dollars in real estate expenses that are not as fun! :)

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  10. Great month! Love quarter ending months where everything hits at once. And not having any real estate expenses is awesome. Almost hit that 1k mark in a month just from real estate. Big dividends as well. Keep it up and close that gap to get your goal.

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    1. Thanks Daze, yea sometimes things go according to plan! :) I won't be above $1k in RE passive income until I buy another property, or raise rent, which neither are expected to happen any time soon! We'll see on my goal...thinking it will be very very close.

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  11. Awesome month and to the fact that you didn't have to put money into the rentals. Awesome job with the huge YOY gains also. Another 2 or 3 big months and you will close that gap and be good to go. Keep it up

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    1. Hey thanks Divsandhobbies. I honestly am not sure if I will hit my goal or not. I've been saying it is going to be very close!

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  12. PID,

    I freaking love this summary. Not only did you demolish your record and prior year results, you set a record for the fourth consecutive month?? oh yeah, on top of that, the rental income is a very nice compliment to your income. Congrats on all the success you are realizing!

    Bert

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    1. Hey Bert thanks! Having you and Lanny comment is quite the honor! I tell you, though a lot of good things happened this month, I had to take on a lot of debt to get to where I am. I currently owe about $18k at least across my credit cards, so I've got a lot of work to do before it seems as 'rosy' as this report. We all have work to do!

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