Saturday, November 11, 2017

Passive Income Report: October 2017

Sorry for the delay! - It is time again for my Monthly Progress Review, and again I am happy to report a very large YoY growth of 108% from last October. Despite the large number, it was a rather boring month, of zero action or excitement or purchases or anything new...just letting the system work. Still, I'm happy to receive the amount my portfolio generated!

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 October 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: A rather boring month as I said of simply letting the system execute what it's been set up to do.  This month was carried almost exclusively by the real estate portion of my portfolio, which I am fine with because that is where my focus has been the last few years. It may be time to start focusing back on the equities side soon.  The market just seems pricey and the bull-market is now the second oldest in history.  When will we see a 20% drop?

All of that said, Read More to see how I earned $980.25 this month in passive income,

Dividends Received


*All dividends are always reinvested. 

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:



In summary, with dividends and rental cash flow combined, Total Passive Income Received: $980.25

Purchases
Still no purchases this month, as I have a significant amount of debt (around $14,000) currently, which is quite a lot. 

Thankfully all of my interest bearing debt has now been eliminated.  The $14,000 mentioned above is on a credit card at 0% until June of 2018.  I love this strategy of delaying payment!

Thoughts on This Month
This was a good month for Passive Income.  Compared to last year's October total in 2016 of $470, my YoY growth for this month was 108.6%.  This puts my annual YoY average through the first 10 months of this year at 60.8% per month. 

With the addition of this month's income to my Progress Tab I now have earned $8,192 in total this year in passive income.  Unfortunately this month actually represents a small 'loss' in the ground I need to make up in order to reach my passive income goal. I still 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 a MASSIVE DECEMBER if I'm going to make it!

Thanks for reading, and I always appreciate any comments,

Passive Income Dude 

17 comments:

  1. Congratulations for your dividens. Don´t forget to keep reading other blogs

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    1. Hey thanks I will! I appreciate your comment and for stopping by,

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  2. Passive Income Dude -

    Heck yah, almost the $1K this month. Further - are you actively managing those rentals or have a management company in place? Thanks PiD, talk soon.

    -Lanny

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    1. Thanks Lanny, I'm mostly looking forward to December though! Not sure if I will reach my goal or not; we will see but December is going to be the deciding factor. To answer your question, I manage 1 out of the 4. Will switch to two out of the 4 in a year and a half, but I hardly do ANYTHING each month to receive my payments. Everything is set up to work relatively seamlessly, so I don't do much at all. Of course I pay for this ease; to the tune of around $500/mo.

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  3. Great income. Seems like nice cash flow on those units. Did you try to time the buys on a housing pullback or just find a cashflow positive property and pull the trigger. I have no rentals at the moment but am considering it.

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    1. Sorry Passivecanadian! I almost missed your comment. I actually haven't tried to specifically buy during a housing pullback. I luckily timed it nicely with two of the purchases (2011 and 2012), which was good timing, but I think more just finding the right deal is really what is important. Good luck with your purchase and let me know if I can assist in any way,

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  4. Your rental income is awesome! I might buy a rental soon. Unfortunately housing market is quite hot now in my locality :-(

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    1. Hey DivGeek, don;t let your locale stop you! I've got properties in several states now as you can see. You can always buy somewhere else! Let me know how I can assist with thinking about your purchase. Take care,

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  5. One of the better monthly reports. It's nice to see your rentals all in the black. I remember a while ago there were always issues with one or two properties but great seeing you continue to move ahead and all are working for you. I always say don't forget about those dividend stocks. Forget the bull run and market correction anticipation. Just pick and choose some of the solid stocks that are not doing well. Many come to mind like GIS, HRL, T, GE, HCP, KMB and more. Keep up the good work.

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    1. Thanks Keith, I appreciate it. Unfortunately I just had a few small repairs for NOV. But that is all part of the process!

      As for equities, I still think the entry-point is somewhat important! :) Great recommendations though. I think 2019 may see the time when I really switch back to equities. Still paying off/down mortgages currently!

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  6. First of all, what a great month! It's nice to see that the rental property is working for you.
    And I like that you don't jump back in to the equities market before paying the debts. I think it's a clever thing to do so stay patient and keep it up!
    -BI

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    1. Thanks BI, yea the road is long with real estate before you start seeing big returns (at least it is for me!). But thanks. I know the system/process is pretty sound, so it should work out over time. But you're definitely right - debt first!

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  7. Great passive income oh so close to the 1k I'm sure you will hit that mark soon. Keep up the good work I enjoy reading your monthly reports.

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    1. Thanks Freezeman! I appreciate it! I hope that 2018 it is OVER the $1k mark every month! haha. We will see but I have been at this for awhile and so it is time for massive growth!

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  8. Congrats on the huge increase from last year PID. I'm a huge fan of rental income. I'm looking to buy my next property around this time next year, and hope to increase my rental income. I only have one property right now but would like more.

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    1. That's awesome bro. Take it slowly and be diligent as I'm sure you will. Thanks for commenting and stay in touch!

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  9. Good job almost 1000,00 a month on an off month. keep it up

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