Rental Property (North Carolina #2): All details!

Home purchase #4

This is another property that I believe has great long-term potential.  This deal closed mid-year in 2017, and so it is clearly my latest real estate purchase, with only a few recent months under ownership. As a result, I don't have a ton of data at this point, but what I do have is very encouraging.  

That said, another interesting thing about this property is that this is my first real "real estate investment" as a rental property from day 1; the purchase.  You'll notice with my three other properties that those were homes that my family and I lived in first, for up to at least several years most times, in which we then decided to rent each of them out once the Army moved us to a new location.  With this particular home, however, I took a much different perspective knowing that I would never live in it personally.  Critical change in perspective.

In addition to that, my financing on this property was absolutely INCREDIBLE. What a blessing it was, and I will share more about that below.  The financing alone should make my total returns north of 20% per year.  20% per year! 

And like my other properties, in this page of PassiveIncomeDude, I would like to share as many details as possible of this investment. My goal is to be as transparent as possible and I hope it helps you on your real estate journey as well!  Here we go:

Income/Expenses: July 2017

I'm getting rather sloppy with my income/expenses reports, but hey, that's life sometimes and I want to ensure the data is at least "logged" so I can reflect back on it and keep a record of what's been occurring throughout the year.  Again, I'll cut right to the chase:

Mid-Year Financial Goals Update!

Hello all! I wanted to take a few minutes to review my 2017 Passive Income Goals, since we are now just over half-way complete with the year. 

And what a year it has been thus far! It looks like I have completed 5 of my 10 goals, which I’m thrilled about, and will detail each one below:

Passive Income Report: July 2017 (Another Record!)

It is time again for my Monthly Progress Review, and I'm excited because I finally had some massive passive income...thanks to rental properties!

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 July 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: July was another record month, thanks to rental income of $859. I saw total growth YoY of 58%; my second month in a row of over 50% YoY growth.  Wow.  As some of you who follow my site know, I had hoped (and predicted!) that the second half of this year was going to see some massive progress, and thus far it is thankfully coming true.  Meeting my goal of $13K in passive income is still going to be a stretch, but the fight is on!  Very blessed and excited!

Read More to see how I earned $928.34 this month in passive income!