tag:blogger.com,1999:blog-13325130144239092782024-01-15T23:02:44.752-08:00Passive Income Dude (YR 3)I am currently 32 years old. Watch me achieve financial independence and retire before 42!Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.comBlogger88125tag:blogger.com,1999:blog-1332513014423909278.post-36901632454596005742018-05-02T03:10:00.001-07:002018-05-02T03:23:14.407-07:00Passive Income Report: April 2018, Disaster Strikes!<div class="separator" style="clear: both; text-align: center;">
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Disaster finally strikes!<br />
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I've always been concerned about my rental properties having multiple, large expenses all in the same month. But thankfully this hasn't really happened.....until now.<br />
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During the month of April I had over $960 in real estate-related repair costs. <b>$960.88</b> to be exact! Wow, almost $1k of expenses in a single month.<br />
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This huge number, as you can imagine, wiped out my cash flow.<br />
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When I first started <i>Passive Income Dude</i>, <a href="http://passiveincomedude.blogspot.com/2017/05/passive-income-report-april-2017.html"><b>my first report for the month of April</b></a>, which occurred last year in 2017 was the first month ever where my properties in sum produced negative cash flow. Believe it or not, I only had two active rental properties last year (in April), and my cash flow for that month was -$11.74.<br />
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Well apparently April is a bad month for me because this year's total was nearly similar!<br />
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The "good news" of this month's report, however, is that despite taking a giant $960.88 assault on my cash, I still came out positive for the month...barely. See below for the details:<br />
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<b style="color: #333333; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13px; line-height: 18.2px;"><u><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Dividends and Rental Income Received</span></u></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Wow. Thankfully I was able to eek out a slightly positive total for the month; barely! </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Though it may look like several of my properties did well, and that it was just the Missouri property that was bad, that isn't actually the case. Here is a detailed list of the expenses for this month below:</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As you can see, THREE properties had repairs at $100 or more this month. When it rains, it pours! But, another sliver of good news - these three properties all have property managers, so the work I actually had to do to complete these repairs was about less than 1 hour for the whole month. Sometimes it is nice paying for this service, and this month is an example of that. Very little work required by me, despite a lot of activity and attention needed. Still, it was not fun to see $960 wiped out from your monthly cash flow.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This month had another bit of a silver-lining because I continued to contribute to the mutual funds in my portfolio and have now maxed out my ROTH IRA for the year and am only several thousand away from maxing my wife's ROTH IRA as well. This means <a href="https://passiveincomedude.blogspot.com/2017/11/goals-for-2018-big-things-ahead.html"><b>I completed GOAL #5 for the year</b></a>, which is great! Diligent, steady, disciplined investing over time into low-cost mutual funds seems to be the way to true financial security and true wealth!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a terrible month for Passive Income, but I am thankful for the fact that I apparently can have such large expenses, all in one month, and still only be -$13 in cash flow for my rental properties. And then also that I can have a pretty quiet Asset month, with only two payers, and have my overall total passive income slightly positive. I know month's like this are going to happen occasionally, but it is nice to know that I have a system that is now fully able to absorb this large amount of maintenance and repair risk within my properties, without "busting the bank."</span></span></span><br />
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<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px; font-weight: bold;">Compared to last year's April total in 2017 of $655, my YoY growth for this month was NEGATIVE 92%. </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">That's ok. If there were no repair costs, my YOY would have been significantly positive, which suggests I am moving in the right direction, despite this major setback.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $3555 in total<b style="color: blue;"> </b>this year in passive income. Little behind my desired pace, but I'm motivated to keep moving forward!...No matter how small the monthly total!.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. Stay the course!</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Dan</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com16tag:blogger.com,1999:blog-1332513014423909278.post-23809490149446355022018-03-31T04:00:00.002-07:002018-03-31T04:03:38.954-07:00Passive Income Report: March 2018<div class="separator" style="clear: both; text-align: center;">
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Another month down...time continues to roll as we are already now one quarter of 2018 complete!<br />
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This was a great month for passive income, as most mutual funds pay out on the 3, 6, 9, 12 month cycle and is where I have the bulk of my portfolio outside of real estate. I have a difficult time with individual stocks now, with all of the academic research suggesting otherwise.<br />
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Anyway, I'm still diligently following the simple but difficult to maintain process of day-in and day-out, trying to control my spending, saving wisely, and then deploying that capital in a consistent, diversified manner with the ultimate goal of trying to grow my passive income.<br />
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<b style="color: blue;">This month I received $1508.54 in passive income. What a blessing! </b>Here are the details:<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As you can see, I had some more expenses with my Missouri property, causing negative cash flow. I unfortunately have to report more expenses for April's report, and am now considering selling the property. We'll see but this property may leave my portfolio after this tenant cycle.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Nothing fancy....just continuing to add to our ROTH IRAs when possible. About $1-2K or so.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income, and I am thankful for this month's performance. </span></span></span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px; font-weight: bold;">Compared to last year's March total in 2017 of $959, my YoY growth for this month was 57%. </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">I continue to see very large growth, which is great. The only way to sustain it however is to buy another property, or heavily invest in asset producing income. We'll see...may buy a 5th property sooner if a deal comes my way!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $3505 in total<b style="color: blue;"> </b>this year in passive income. Little behind my desired pace, but the best quarter I've had.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. Stay the course!</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Dan</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com16tag:blogger.com,1999:blog-1332513014423909278.post-58287405178067903122018-03-03T15:33:00.002-08:002018-03-03T15:33:19.848-08:00Passive Income Report: February 2018<div class="separator" style="clear: both; text-align: center;">
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Hello!<br />
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I'm excited to report February's passive income total, and share what I've learned with you. <br />
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Unfortunately I'm still diligently studying for the PMP exam, and so I don't think I'll be writing much more than once a month for this blog. But that's ok. And I'll be thankful once this exam is over...if I pass! :) Then I can start writing more frequently.<br />
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<b><br /></b><b>General Thoughts on This Month: </b>February was a great month, and I'd like to briefly share why; not because of a record number, or 4 digit passive income, or a major change in my portfolio, but simply because it is is reflective of the system that I have built from years of diligent saving and investing and wise decision making. A system that you too can build. Really all it takes is diligence, patience, and sacrifice. It's incredible what you can achieve with those three ingredients.<br />
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<span style="color: blue;"><b style="color: blue;">This month I received $984 in passive income </b></span>and it wasn't because of anything <i>new</i> that I did. All of this amount from this month was from <i>past</i> decisions I made in which I am now reaping the reward. It really is true that you reap what you sow. This is a life-principle that I would not fight against! You truly do reap what you sow. So I would say, sow deeply!<br />
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<span style="font-family: inherit;"><span style="background-color: #fefdfa; color: #333333;">I have several individual stocks, but primarily mutual funds, and also </span><b style="background-color: #fefdfa; color: #333333;">four</b><span style="background-color: #fefdfa; color: #333333;"> active rental properties, which if you've been following my story have varying levels of success: my </span><a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="background-color: #fefdfa; color: #7d181e;">Missouri Rental</a><span style="background-color: #fefdfa; color: #333333;"> my </span><a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="background-color: #fefdfa; color: #7d181e;">Colorado Rental</a><span style="background-color: #fefdfa; color: #333333;">, and my two North Carolina rentals: </span><a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html" style="background-color: #fefdfa;">North Carolina 1</a><span style="background-color: #fefdfa; color: #333333;"> and </span><a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html" style="background-color: #fefdfa;">North Carolina 2</a><span style="background-color: #fefdfa; color: #333333;">. Listed below is the cash flow that each of these assets provided this month:</span></span></div>
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In summary, with dividends and rental cash flow combined, <b>Total Passive Income Received: <span style="color: blue;">$984.79.</span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I always do my best to add to our Roth IRAs early in the year and this February was no different. I still have a long way to go but I'm proud of my progress. My recommendation: always try to max your ROTH IRAs!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income, and I am thankful for this month's performance. </span></span></span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px; font-weight: bold;">Compared to last year's February total in 2017 of $179, my YoY growth for this month was 450%. </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Wow. 450% growth. Not a bad way at all to continue into the second month of the year! </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">I'll note that last year I only had 2 active rental properties...and now I have 4, which accounts for the major increase in YoY growth. This should continue through June, at which point actual, "new growth" will be more accurately measured. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $1,996 in total<b style="color: blue;"> </b>this year in passive income. Little behind my desired pace, but I expect big months on the 3-6-9-12 cycle to hopefully make up for it.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Dan</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com12tag:blogger.com,1999:blog-1332513014423909278.post-66936118633350105792018-02-18T06:46:00.002-08:002018-02-18T06:50:56.778-08:00Passive Income Report: January 2018<div class="separator" style="clear: both; text-align: center;">
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Hello!<br />
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Sorry for the delay in posting! My finger is mostly better, so my typing is basically back, which is good news. I've been diligently studying for the PMP (project management professional) exam with all of my free time, and so that is why I really haven't written. I imagine I'll pick back up the frequency in a month or so.<br />
<b><br /></b><b>General Thoughts on This Month: </b>January started off nicely, with no issues and no surprises. Though I feel very thankful for the system I've created, I still feel "cash poor", with everything either being reinvested or used for paying down debt. Eventually that should change! Though it is taking much longer than I thought, or like.<br />
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Another reason for the delay in posts is that I changed my system for how I track and report my numbers, now using pivot tables in excel, making things much easier to track and analyze, but the shift to make this happen took a lot of work.<br />
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Anyway, <span style="color: blue;"><b>this month I received $1,012 in passive income! This is the first January ever to be in 4 digits! </b></span>Here are the details from this month below:<br />
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<span style="font-family: inherit;"><span style="background-color: #fefdfa; color: #333333;">I have some individual stocks, but mostly mutual funds, and also </span><b style="background-color: #fefdfa; color: #333333;">four</b><span style="background-color: #fefdfa; color: #333333;"> active rental properties, which if you've been following my story have varying levels of success: my </span><a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="background-color: #fefdfa; color: #7d181e;">Missouri Rental</a><span style="background-color: #fefdfa; color: #333333;"> my </span><a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="background-color: #fefdfa; color: #7d181e;">Colorado Rental</a><span style="background-color: #fefdfa; color: #333333;">, and my two North Carolina rentals: </span><a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html" style="background-color: #fefdfa;">North Carolina 1</a><span style="background-color: #fefdfa; color: #333333;"> and </span><a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html" style="background-color: #fefdfa;">North Carolina 2</a><span style="background-color: #fefdfa; color: #333333;">. Listed below is the cash flow that each of these assets provided this month:</span></span></div>
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In summary, with dividends and rental cash flow combined, <b>Total Passive Income Received: <span style="color: blue;">$1,012.</span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I always do my best to add to our Roth IRAs in January and this January was no different. I basically just bought around $500 or so of mutual funds on every major down day during the correction, investing around $2k total. My advice - STAY THE COURSE!</span><br />
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<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income, and I am thankful for this month's performance. </span></span></span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px; font-weight: bold;">Compared to last year's January total in 2017 of $377, my YoY growth for this month was 168%. </span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Not a bad way at all to start the year! I'll note that last January I only had 2 active rental properties...now I have 4, which accounts for the major increase in YoY growth. This should continue through June, at which point actual, new growth will be more accurately measured.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $1,012 in total<b style="color: blue;"> </b>this year in passive income. Little behind my desired pace, but I expect big months on the 3-6-9-12 cycle to hopefully make up for it.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Dan</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com13tag:blogger.com,1999:blog-1332513014423909278.post-35098444934241084472017-12-29T12:45:00.002-08:002017-12-29T12:48:15.914-08:00Passive Income Report: December 2017 ($4,004!!)<div class="separator" style="clear: both; text-align: center;">
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What an amazing way to end the year! I literally cannot believe how it ended. For the last few months I had been saying that I thought it would be a "photo finish" as to whether or not I would reach my passive income goal for the year (of $13,000). Going in to December, my total was only $9,189 and so I knew I would need a monstrous December monthly total if I was going to make it.<br />
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Well, I am very happy to report that I achieved my goal with a grand total of $13,194.24!<br />
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Side note - my finger is still in cast and so I will keep this post short, but I do plan to do a 2017 Annual Review in a few weeks where I will highlight more details.<br />
<b><br /></b><b>General Thoughts on This Month: </b>This was <b><i>my best month since the creation of Passive Income Dude</i></b> with a grand total of <span style="color: blue; font-weight: bold;">$4,004.76 </span>earned in completely passive income.<br />
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What an incredible blessing! The system is working and I am patiently watching the snowball pick up momentum! It is incredible to see what the power of patience and compounding can do to your returns. Here are the details from this month below:<br />
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*All dividends are always reinvested.<br />
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There are a few very cool things that happened in this month's total in regards to dividends that I would like to highlight quickly:<br />
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1) This is the first time ever where a single holding had a payout in the 4 digits! Vanguard Wellington was a huge payer for me at $1,078 by itself!<br />
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2) This is the first time I've ever had a monthly total in the $3000s. This is awesome and definitely did not happen over night.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I have <b>four</b> active rental properties, which if you've been following my story have varying levels of success: my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. Listed below is the cash flow that each of these properties provided this month:</span><br />
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As you can see from above, this month had over several hundred dollars in real estate expenses, which I always hate because they come right out of my bottom line cash flow total. Thankfully 3 of the 4 properties still were positive.<br />
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In summary, with dividends and rental cash flow combined, <b>Total Passive Income Received: <span style="color: blue;">$4,004.76</span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I added a little more to my wife's ROTH IRA (~$750), but it was in a few small chunks and I'm still paying down debt and de-levering currently. Nothing exciting.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was an incredible month for Passive Income, and I am so thankful for this month's performance.</span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: blue; font-weight: bold;">Compared to last year's December's total in 2016 of $2,658, my YoY growth for this month was 50.7%. </span>This puts my annual YoY growth average </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">at 60.7% per month. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $13,194 in total<b style="color: blue;"> </b>this year in passive income. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">Thanks for reading as always. I greatly appreciate your comments and will do my best to always respond. It's been an incredible year and I will save a lot of my concluding thoughts and analysis for my annual review post in a few weeks. And once my finger heals I will try to write a little more. Additionally, I've made some improvements to how I track and analyze the data, which I will start in 2018 as well. Take care!</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com17tag:blogger.com,1999:blog-1332513014423909278.post-80616630994503432772017-12-18T17:55:00.001-08:002017-12-18T17:58:56.909-08:00Passive Income Report: November 2017<div class="separator" style="clear: both; text-align: center;">
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My apologies again for the delay. Finger is still in a cast....just got x-rays again today and will be wearing this thing for the next 3 weeks. Looking forward to this injury being in the past!<br />
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But, I have been working hard on a new method to track and capture my progress, so I'll be releasing that for the start of 2018. Getting pretty solid with databases and pivot tables!<br />
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Anyway, I didn't want to miss November's relatively decent passive income report, so without further adieu...<br />
<b><br /></b><b>General Thoughts on This Month: </b>With one month of 2017 left, it is literally going to be a photo finish for whether I hit my primary passive income goal or not. This month had around ~$100 in real estate maintenance expenses, which come completely from my bottom line and reduce passive income by the expensed amount. Agh.<br />
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All of that said, below are the details from the <b><span style="color: blue;">$997.26</span></b> this month I received in passive income. DECEMBER is my multi-thousand passive income month, so I'm greatly looking forward to seeing where the year ends in a few weeks.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As mentioned last month, I now have <b>four</b> active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. Listed below is the cash flow that each of these properties provided this month:</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In summary, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$997.26</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">I've added a little more to my wife's ROTH IRA (~$1000), but it was in a few small chunks and I'm still paying down debt and de-levering currently. Nothing exciting. But that is also part of the beauty of the process!</span><br />
<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;"><br /></span></u></b><b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a solid month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's November's total in 2016 of $581, my YoY growth for this month was 71.6%. </span>This puts my annual YoY average through the first 11 months of this year at 61.8% per month. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $9,189 in total<b style="color: blue;"> </b>this year in passive income. <b>One exciting note is that I now have surpassed my 2016 yearly total! ...With one month to spare!</b></span><br />
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<span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">Unfortunately this month actually represents a small 'loss' in the ground I need to make up in order to reach my passive income goal.</span><span style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif;"> I still think it is going to be a photo finish actually as to whether or not I achieve my primary </span><b style="font-family: arial, helvetica, sans-serif;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>.</b><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #333333;"> But in summary I'm counting on a MASSIVE DECEMBER if I'm going to make it!</span></span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com2tag:blogger.com,1999:blog-1332513014423909278.post-12615502385977530742017-12-02T11:06:00.001-08:002017-12-02T11:06:06.630-08:00Income/Expenses: October 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: medium;">I recently broke my finger pretty badly, and am now in a cast and am unable to type very well for the near future. Frustrating!</span><br />
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<span style="font-size: medium;">But things could be much worse and I apologize for getting this report accomplished so late. Unfortunately I will have to keep it short. But I will follow with my November passive income total in several days.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;"><i style="font-weight: bold;">General thoughts on this month: </i>This was a good month for us. Each month we stick to a relatively general, but very closely monitored plan and we continue to de-lever with everything left over. November's and December's expenses are always extremely high, so thankfully this was a good month. Until my finger heals and I can type again...</span><br />
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<span style="font-size: medium;"></span>DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com6tag:blogger.com,1999:blog-1332513014423909278.post-33763824729648616572017-11-15T12:16:00.003-08:002017-11-15T12:16:33.945-08:00Goals for 2018: Big Things Ahead!<div class="separator" style="clear: both; text-align: center;">
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In this post, I'd like to share a draft plan of what I think my 2018 Financial Goals will be. It's only November of 2017 still, so I've got a few weeks left to adjust any of these goals if necessary, but as it stands right now I think these will be what I strive for in 2018, from a financial perspective.<br />
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My primary purpose with these goals is simple: to give me a benchmark of success, to know where I should be heading when things are unclear, and to evaluate how well I am doing over the long 365 days we have in 2018.<br />
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For this year I decided on 10 financial goals (in 2017 I had 10 as well), but this year I am adding what I will call a "stretch goal" as well - a goal that is far out of reach, one that I may strive for (or may not), so if it does end up actually happening, awesome. But if it does not, no big deal. Spoiler - this year's stretch goal is real estate related.<br />
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I tend to put a lot of thought into picking these goals and narrowing them down to only my top 10. But on the other hand, I also tend to think that one's financial success is more about the <i>discipline of sticking to a plan over time</i> than it is about <i>coming up with the right, very complicated, or detailed, plan</i>. In my opinion, financial success is rather straightforward: save more than you earn, diversify, and invest wisely over many, many years. That is pretty simple. But it is definitely not easy. It is actually very hard sticking to your plan, day in and day out, when others are doing many other more exciting things, or taking exciting vacations, while you are diligently sacrificing and not derailing your plan with poor investment choices or reckless spending.<br />
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Let's take a look now at my goals for 2018. I'll be turning 32 years old this year, and will be entering the 3rd year of <i>Passive Income Dude</i>. With all of that said as an introduction, I'm anticipating BIG THINGS AHEAD! Here we go:<br />
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<b>1) $17,000 Earned in Passive Income.</b> </div>
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Passive Income is the primary focus of this site, and therefore the amount of passive income I earn each year is always (...and will always be) my primary financial goal. For 2018, I think $17,000 by year end, which equates to a massive $1,416 per month, is an appropriate goal. I'd like to share what I believe it will take to get there:</div>
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First, if I hit my goal for 2017 of $13,000, then $17,000 would represent a year-over-year growth of about 31%. Ambitious, for sure, but achievable with the right steps and focus. I'll need to contribute a lot of new capital, avoid major maintenance or repairs in my real estate, and definitely avoid any long term vacancies. Now, if I come up short on my 2017 goal of $13K, then this number will be even harder to achieve. But I doubt I will lower it from $17,000. $17,000 is the number in my mind, and so that is what I am shooting for!</div>
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<b>2) $20,000 Cash Saved.</b></div>
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With the growth of my portfolio and family over the last few years, at this point I have kind of been playing with fire given how little of a cash cushion I have. Despite having 4 properties, a wife, two kids, and two cars, believe it or not I OFTEN have less than $100 liquid cash in my checking or savings account. Every month its $100 or less, believe it or not. This has to change. But this is going to be a very challenging goal; requiring serious discipline and sacrifice. None of these goals are easy, but that's what make them important and rewarding when they are completed.</div>
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Anyway, it's time to have an appropriate cash-cushion, and I think $20,000 by the end of the year is the right number. I will be starting the year with essentially $0, so this will be a good goal for me, and is my 2nd most important goal of the year. Does anyone have a recommendation for how much liquid capital you think one should have?</div>
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<b>3) 30% Savings Rate Per Month.</b></div>
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My 3rd most important goal this year is my savings rate per month. In 2018 I think 30% is appropriate. While I think savings should be towards the top of anyone's financial plan, I also think that living and giving are actually more important, so I don't want this number to be much higher than what I've listed. In fact, 30% is 2% higher than my 2017 goal, and so I think it will take a good amount of effort to achieve 30%/month.</div>
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<b>4) Max my Wife's ROTH IRA</b></div>
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My next two goals are both IRA related. I am very passionate about ALWAYS maxing our ROTH IRAs, and this year will be no different. The amount needed to max a ROTH IRA is $5500 for each account, so this will take some diligence to make it happen. </div>
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<b>5) Max my ROTH IRA</b></div>
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No change from above. There is no way my wife's IRA gets maxed without mine getting maxed as well. Notice I did put hers first in priority though! ;)</div>
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<b>6) 810 FICO Score by the End of the Year</b><br />
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In 2017 I aimed for a 800 FICO score by year end, and it's going to be a photo finish to see if I make it. I think we're floating around a 785 right now. We may indeed fall short. But this goal is somewhat tied to my stretch goal below, and is also just a personal desire of mine to have a very high FICO score. We'll see what happens!<br />
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<b>7) Contribute $161/mo As an Extra Principle Payment to my Colorado Property</b><br />
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This is a hard goal for me (even to write down, to be honest), as I have always been about maxing my leverage, not giving money back to the bank unless they require it as a down-payment, and always putting any additional capital elsewhere or into a new property...not into one I already have. But the reason for this goal is simply because with an extra $161/mo, I will then be contributing more principle each month towards my loan balance than the amount of interest I pay. And with so many years left on my loan, I think this small amount will almost pay for itself with the total interest saved over the life of the loan. In fact, I'm looking forward to seeing YEARS come off my mortgage end-date simply because of this small additional capital contribution. You'll probably see me lower this number as my interest decreases for 2019. I will be able to back off my contributions, while still having more principle than interest. As you can see, I'm only willing to do this SMALL amount extra! :)<br />
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<b>8) Contribute $117/mo As an Extra Principle Payment to my Missouri Property </b><br />
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There isn't much difference between this goal and the one above. I like my CO property much more than my MO one, and I only need an additional $117/month to have more principle than interest applied to this Missouri loan. So I think this small amount should really help my "snowball" pick up speed in terms of "total earnings" for my real estate portfolio. Again, I'm only willing to do this small amount. :) and I'm still not sure I even believe in this strategy, but I am going to give it a try. I'll call it "forced additional savings" for 2018, if nothing else.<br />
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<b>9) Contribute 1% per Month in my TSP</b><br />
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This was a goal I had in 2017 that I did not achieve. A TSP is essentially a 401K equivalent for federal employees. Since I do not have much money left over after maxing my two ROTH IRAs and paying down debt, I haven't really ever tried maxing out my TSP (at $18,000 per year). I know I am at least a few years out before I have enough max my ROTHs and my TSP, so this year we are starting slowly again with only 1% of my monthly salary contributed.<br />
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<b>10) $25/mo Saved in my Kids' 529 College Savings Plan</b><br />
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I'm still slightly behind where I need to be in terms of college savings, but frankly, I wasn't given any college funds from my parents, and so this is last on my list of financial priorities. In fact, a quick college-savings story for you: shortly after my wife and I were married, she received an inheritance of $10,000 from her grandmother. Since her grandmother was such an incredible woman who cared very much about education, we decided to honor her and use the entire $10,000 gift to start a 529 college savings account for our first son, mostly as a small way to continue her legacy. Since that original $10K contribution, the account has now grown to $20,000 after about 7 years. So I do not think we are extremely far off from where I would like to be with our kids college savings...but with two kids and maybe more on the way, we will need much more than that to fund their college experiences. But still, this is not a major priority yet with each of our kids under 4yrs old, which puts this as goal number 10 out of 10.</div>
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<b>So there you have it</b>. The top 10 financial pursuits I will strive for and will use to monitor our progress and benchmark our successes.<br />
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So that's it. One of my favorite things is getting feedback and learning from other bloggers' financial goals. Reading all of your 'Goals' posts is my favorite! So do you have any recommendations? I would greatly appreciate any thoughts you have!<br />
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Thanks for reading,<br />
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Passive Income Dude</div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com56tag:blogger.com,1999:blog-1332513014423909278.post-63716966503910582722017-11-11T06:10:00.003-08:002017-11-11T06:10:56.507-08:00Passive Income Report: October 2017<div class="separator" style="clear: both; text-align: center;">
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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!<br />
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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.<br />
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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!<br />
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<b>General Thoughts on This Month: </b>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?<br />
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All of that said, Read More to see how I earned <b><span style="color: blue;">$980.25</span></b> this month in passive income,<br />
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*All dividends are always reinvested. <br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As mentioned last month, I now have <b>four</b> active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. Listed below is the cash flow that each of these properties provided this month:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In summary, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$980.25</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Still no purchases this month, as I have a significant amount of debt (around $14,000) currently, which is quite a lot. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">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!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a good month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's October total in 2016 of $470, my YoY growth for this month was 108.6%. </span>This puts my annual YoY average through the first 10 months of this year at 60.8% per month. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $8,192 in total<b style="color: blue;"> </b>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.</span><span style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif;"> I still think it is going to be a photo finish actually as to whether or not I achieve my primary </span><b style="font-family: arial, helvetica, sans-serif;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>.</b><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #333333;"> But in summary I'm counting on a MASSIVE DECEMBER if I'm going to make it!</span></span></div>
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<span style="font-family: arial, helvetica, sans-serif; font-size: 13px;">Thanks for reading, and I always appreciate any comments,</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com18tag:blogger.com,1999:blog-1332513014423909278.post-34766368991934947642017-10-11T17:29:00.001-07:002017-10-11T17:29:22.467-07:00Income/Expenses: September 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: medium;">Another month has passed and it is time again for my monthly Income/Expenses report. </span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">In these reports I highlight what income I made during the month, what sources all of the income came from, and where it all went on the 'expenses'-side; showing all purchases by category...every dollar! Ideally, when it all is calculated I achieve a high savings rate, and then I post that to my <b><a href="http://passiveincomedude.blogspot.com/p/savings-rate.html">Savings Rate</a></b> tab for month-by-month tracking of progress.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;"><i style="font-weight: bold;">General thoughts on this month: </i>This was another 'standard' month for us. Nothing exciting, nothing extraordinary, but simply discipline and sticking to the budget we've created. Unfortunately we are MASSIVELY in debt at the moment thanks to the purchase of our 4th rental property, so I CANNOT WAIT to have all of that paid off. Here are the numbers:</span><br />
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<span style="font-size: medium;"><br /></span><span style="color: red; font-size: medium;">General Thoughts on <b>INCOME</b>:</span><br />
<span style="font-size: medium;">1) Very little change to Income this month. And we really haven't pursued any new sources for growth over the last few months and I do not anticipate any major increases (or decreases) in the foreseeable future, so I imagine income will continue to hum along at close to the above amount.</span><br />
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<span style="color: red; font-size: medium;">General Thoughts on <b>EXPENSES</b>:</span><br />
<span style="font-size: medium;">1) Expenses were again pretty reasonable across the board</span><span style="font-size: medium;">. I had to buy new running shoes, new soccer cleats, and just a few smaller items that couldn't really be avoided, but overall we kept the budget mostly in check. You'll notice our two 'catch all' categories (Shopping and Everything Else) really were not too high.</span><br />
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<span style="font-size: medium;">We thankfully hit close to 40% for our savings rate. This month's rate was able to raise our annual average for 2017 to above our</span><span style="font-size: medium;"> </span><b style="font-size: large;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html">goal # 5</a> </b><span style="font-size: medium;">amount of 28%/month</span><span style="font-size: medium;">. I've updated my </span><a href="https://passiveincomedude.blogspot.com/p/savings-rate.html" style="font-size: large; font-weight: bold;">Savings tab</a><span style="font-size: medium;"> that shows every month since <i>Passive Income Dude </i>was launched as well. </span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Remember - it doesn't matter how much you make; it is how much you keep!</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Thanks for reading!</span><br />
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<span style="font-size: medium;"></span>DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com12tag:blogger.com,1999:blog-1332513014423909278.post-62024830442875914752017-09-30T03:00:00.000-07:002017-09-30T03:18:51.952-07:00Passive Income Report: September 2017 (348% YoY Growth!)<div style="background-color: #fefdfa; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13px;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><span style="color: #333333;">It is time again for my </span><b style="color: #333333;">Monthly Progress Review,</b><span style="color: #333333;"> and I'm excited because this is my </span><span style="color: red;">FOURTH record month in a row</span><span style="color: #333333;">...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!</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">In each progress review I will list a summary of all </span><span style="line-height: 18.2px;">dividends </span><span style="line-height: 18.2px;">I received, the </span><span style="line-height: 18.2px;">rental income</span><span style="line-height: 18.2px;"> I received, </span><span style="line-height: 18.2px;">and any </span><span style="line-height: 18.2px;">purchases I made</span><span style="line-height: 18.2px;"> from that particular month.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;"><br /></span><span style="line-height: 18.2px;">This monthly report covers </span><span style="line-height: 18.2px;">September 2017. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">I hope you enjoy these posts and that we can learn </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">how to grow our passive income streams </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">and </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">build real long-term wealth together! </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;">General Thoughts on This Month:</u> 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.)</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Read More to see how I earned </span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>$1,655.24 </b></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">this month in passive income,</span></div>
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<b style="line-height: 18.2px;"><span style="font-weight: normal;">Dividends were very strong this month with 4 mutual funds and 7 individual securities paying out: </span></b><br />
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*All dividends are always reinvested. I'm very pleased with the $735 from the stocks and bonds side of my portfolio!</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As mentioned last month, I now have <b>four</b> active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. Listed below is the cash flow that each of these properties provided this month:</span><br />
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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<b> <a href="https://passiveincomedude.blogspot.com/p/my-mortgages.html">$1500 in mortgage paydown</a> </b>that isn't captured here.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In summary, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$1,655.24</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Still no purchases this month, or for the foreseeable future unfortunately. I'm in debt big time (again, yes again, thanks to <a href="https://passiveincomedude.blogspot.com/2017/08/rental-property-north-carolina-2.html" style="font-weight: bold;">rental property #4</a>), 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.</span><br />
<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;"><br /></span></u></b><b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's September total in 2016 of $369, my YoY growth for this month was 348.6%. </span>This puts my annual YoY average through the first 9 months of this year at 55.4% per month. </span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $7,212 in total<b style="color: blue;"> </b>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.</span></div>
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<span style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif;">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 </span><b style="color: #333333; font-family: arial, helvetica, sans-serif;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>.</b><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #333333;"> But in summary I'm counting on some big months ahead followed by a massive December, if I'm going to make it!</span></span><br />
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<span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;">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; <i>especially </i>us bloggers who like tracking our progress, who enjoy money I am sure, and who most likely want to retire early:</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"<span class="text Eccl-5-10" id="en-NIV-17408" style="background-color: white; box-sizing: border-box; color: black; position: relative;">Whoever loves money never has enough; </span><span class="indent-1" style="background-color: white; box-sizing: border-box; color: black;"><span class="indent-1-breaks" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; line-height: 0;">w</span><span class="text Eccl-5-10" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; position: relative;">hoever loves wealth is never satisfied with their income. </span></span><span class="indent-1" style="background-color: white; box-sizing: border-box; color: black;"><span class="text Eccl-5-10" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; position: relative;">This too is meaningless."</span></span></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #333333; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">What a great warning. Thanks for reading, and I always appreciate any comments,</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com24tag:blogger.com,1999:blog-1332513014423909278.post-3781551795628932262017-09-16T08:24:00.004-07:002017-09-16T08:24:48.653-07:00Income/Expenses: August 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: medium;">Another month has passed and it is time again for my monthly Income/Expenses report. </span><br />
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<span style="font-size: medium;">In these reports I highlight what income I made during the month, what sources all of the income came from, and where it all went, on the 'expenses'-side; showing all purchases by category...every dollar! Ideally, when it all is calculated I achieve a high savings rate, and then I post that to my <b><a href="http://passiveincomedude.blogspot.com/p/savings-rate.html">Savings Rate</a></b> tab for month-by-month tracking of progress.</span><br />
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<span style="font-size: medium;"><i style="font-weight: bold;">General thoughts on this month: </i>This was another very good month for us, and I think we are now in a good routine after our move up to NY. We're making quality spending decisions (for the most part!), trying to maintain a high level of frugality, while still providing for our two kids and our hobbies, etc. Unfortunately, we're still in debt by over $15,000 thanks to our last real estate purchase, so unfortunately all surplus is not "felt" yet and actually goes towards paying down debt. Soon though! Without further adieu, here is what happened this month:</span><br />
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<span style="font-size: medium;"><br /></span><span style="color: red; font-size: medium;">General Thoughts on <b>INCOME</b>:</span><br />
<span style="font-size: medium;">1) Income continues to be pretty high due to our many sources of revenue. Individually they are not that much (all under $5k), but added together, we have consistently been around $10k total per month. I imagine income will fall slightly if I have to take out a loan against my TSP in order to pay for this last North Carolina (#2) property purchase. But we will see. I really want to eliminate all interest-bearing debt that we currently have.</span><br />
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<span style="color: red; font-size: medium;">General Thoughts on <b>EXPENSES</b>:</span><br />
<span style="font-size: medium;">1) Expenses were definitely kept in check this month, and though you may see "shopping" at $610 and think we are big spenders, let me detail that category a little bit: $100 of it was one single item (a uniform item that I need for work), $260 was for a month-long diet program that my wife was starting, $100 was for a plaque I needed for my office, $70 was for nutritional items for me, and the rest were small miscellaneous items (cleaning supplies for the house, shampoo, etc). Again, mostly mandatory items and some 'health'-related items, but nothing extravagant. Perhaps someday it will be a "fun" $600 worth of actual shopping! And perhaps I need to add an additional category to my budget that better clarifies shopping-type purchases that reoccur each month. Maybe I will do that next month.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Well, I believe that is it for this August. We thankfully hit over 30% again for our savings rate. This should help raise our annual average and move us closer towards achieving <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html">goal # 5</a></b>. I've updated my <a href="https://passiveincomedude.blogspot.com/p/savings-rate.html" style="font-weight: bold;">Savings tab</a> as well. </span><br />
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<span style="font-size: medium;">Remember - it doesn't matter how much you make; it is how much you keep!</span><br />
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<span style="font-size: medium;">Thanks for reading!</span><br />
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<span style="font-size: medium;"></span>DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com8tag:blogger.com,1999:blog-1332513014423909278.post-67817147597329645102017-09-08T10:36:00.000-07:002017-09-08T10:46:05.720-07:00My Year-over-Year (YoY) Growth in 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: large;">I thought I would do a quick post about my favorite metric (or at least what I consider to be the most important one), and that is Year-Over-Year growth, or oftentimes shortened to YoY.</span><br />
<span style="font-size: large;"><br /></span><span style="font-size: large;">I believe YoY growth is extremely critical in measuring one's progress and in making real strides towards financial independence for a few reasons. First, it helps you clearly see the direction you are moving, which is always nice and good to know (which may be obvious to us bloggers, but MANY people do not have a clear understanding of which way they are moving). But more importantly: <i>it helps you clearly see the pace at which you are moving!</i> </span><br />
<span style="font-size: large;"><br /></span><span style="font-size: large;">Knowing your "pace" is extremely important in your journey toward FI, and oftentimes we overlook measuring our pace for more exciting metrics like "total dividends earned" or "number of companies that payed out" or "total passive income." But consider the following example: if your YoY growth turns out to be only 3%, then in reality your "growth" is probably nothing more than inflation! Who cares about the dividends or number of payers or income! In 'real' dollars, your growth is actually probably zero! Or consider a growth of 5% with all equities (or all dividend paying stocks). Is that good?? Well, I would say no - you're taking on significantly too much risk to only achieve the 5% growth that you did. You should be getting much more than that!</span><br />
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<span style="font-size: large;">With all of that said as an introduction, I have been very thankful and excited for the growth that we've achieved this year. In September, I anticipate we may have YoY growth for the month at approximately ~275% from last year! We will see, but I'm excited for the final numbers to come in over the next few weeks, as I'm hoping for monstrous growth. If it is close to my estimate, we'll just assume a conservative 225% here, below is what my YoY growth for 2017 would be: </span><br />
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<span style="font-size: large;">Overall, I'm very excited to achieve that level of growth. A little too sporadic for my particular tastes (but real estate will do that sometimes!), and February and May were clearly disappointing - thanks to some larger real estate expenses and a few portfolio moves, but this year<b style="color: blue;"> I've written a lot about how it would be the second half of the year where things really kicked in to the next gear for my plan. </b>And that is actually what we're seeing in the above chart. Take a look again: from June onwards my growth has been a monstrous 113% average per month! </span><br />
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<span style="font-size: large;">With 9 months of the year completed, seeing a <i>41.6% per month average growth </i>is great! We will see how the rest of the year actually turns out - it only takes one tenant to move out to COMPLETELY reverse these numbers :), but I'm hopeful I can finish the year strong with very good numbers.</span><br />
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<span style="font-size: large;">What do you think? How has your growth been? Do you calculate YoY growth as an important metric of your progress? What level of growth do you consider acceptable?</span><br />
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<span style="font-size: large;">Thanks for reading!</span><br />
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<span style="font-size: large;">Passive Income Dude</span>Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com5tag:blogger.com,1999:blog-1332513014423909278.post-87697910045039906022017-09-01T12:22:00.000-07:002017-09-08T10:51:53.071-07:00Passive Income Report: August 2017 (Record x3!)<div style="background-color: #fefdfa; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13px;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><span style="color: #333333;">It is time again for my </span><b style="color: #333333;">Monthly Progress Review,</b><span style="color: #333333;"> and I'm excited because this is my </span><span style="color: red;">third record month in a row</span><span style="color: #333333;">..</span><span style="color: red;">thanks mostly to rental properties.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">In each progress review I will list a summary of all </span><span style="line-height: 18.2px;">dividends </span><span style="line-height: 18.2px;">I received, the </span><span style="line-height: 18.2px;">rental income</span><span style="line-height: 18.2px;"> I received, </span><span style="line-height: 18.2px;">and any </span><span style="line-height: 18.2px;">purchases I made</span><span style="line-height: 18.2px;"> from that particular month.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;"><br /></span><span style="line-height: 18.2px;">This monthly report covers </span><span style="line-height: 18.2px;">August 2017. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">I hope you enjoy these posts and that we can learn </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">how to grow our passive income streams </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">and </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">build real long-term wealth together! </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;">General Thoughts on This Month:</u> August was another record month for me, and the snowball is finally rolling, albeit still not fast enough yet (unfortunately) to reach my passive income goal for the year (agh!). But hey, that is ok. I had real estate expenses of over $230, but I still was able to increase <b>my YoY growth for this month by 28.2%. </b>That is very encouraging!</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Read More to see how I earned </span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>$843.45 </b></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">this month in passive income,</span></div>
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<b style="line-height: 18.2px;"><u><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Dividends Received</span></u></b><br />
<b style="line-height: 18.2px;"><span style="font-weight: normal;">Dividends were somewhat helpful with four stocks paying out:</span></b><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As mentioned last month, I now have <b>four</b> active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. Listed below is the cash flow that each of these properties provided this month:</span></div>
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As you can see, I actually had $125 carpet repair cost in my Colorado Home and a $115 smoke detector repair cost in my Missouri home. So despite over $230 in repairs, I still had positive rental cash flow of $680.50. I hope that this is an indicator that my risk is starting to decrease, as I can now cover repairs more easily and still be in the 'positive', but who knows! We'll see, but I am feeling good.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In summary, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$843.45</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">No purchases this month, or for the foreseeable future unfortunately. I'm in debt big time (again, yes again, thanks to <a href="https://passiveincomedude.blogspot.com/2017/08/rental-property-north-carolina-2.html" style="font-weight: bold;">rental property #4</a>). I plan to pay down debt for about 3 months or so and then look to add to my wife's ROTH IRA as quickly as I can.</span><br />
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<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's August total in 2016 of $658, my YoY growth for this month was 28.2%. </span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $5,557 in total<b style="color: blue;"> </b>this year in passive income. A lot....but also not a lot., compared to where I need to be. That is cool to think though that now my one ROTH IRA can be completely funded by passive income if I wanted. Nice!</span></div>
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<span class="Apple-style-span" style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">W</span><span style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif;">hen compared to my goal, however, yikes! I am now over $3,000 behind the pace I need to be at in order to meet my primary </span><b style="color: #333333; font-family: arial, helvetica, sans-serif;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>. </b><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #333333;"> See a detailed graph of the progress and gap, </span><a href="https://passiveincomedude.blogspot.com/p/progress.html"><b><span style="color: blue;">here</span></b></a><span style="color: #333333;">.</span></span><br />
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<span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">As I said last month, I still believe I WILL catch up, and will meet my goal. These last 4 months of reports from September to December will be very interesting. I think I've stopped the bleeding in terms of falling more behind...now I just need to catch up! I anticipate huge months in SEP and DEC, where I can make up some ground. So we'll see what happens!</span></div>
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<span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;">I'll close with the following quote:</span><span style="font-family: "arial" , "helvetica" , sans-serif;"> "<span class="text Eccl-5-10" id="en-NIV-17408" style="background-color: white; box-sizing: border-box; color: black; position: relative;">Whoever loves money never has enough; </span><span class="indent-1" style="background-color: white; box-sizing: border-box; color: black;"><span class="indent-1-breaks" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; line-height: 0;">w</span><span class="text Eccl-5-10" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; position: relative;">hoever loves wealth is never satisfied with their income. </span></span><span class="indent-1" style="background-color: white; box-sizing: border-box; color: black;"><span class="text Eccl-5-10" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; position: relative;">This too is meaningless."</span></span></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="color: #333333; font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">What a great warning. Thanks for reading, and I always appreciate any comments,</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com21tag:blogger.com,1999:blog-1332513014423909278.post-16049792520539594372017-08-23T17:35:00.001-07:002017-08-27T05:19:22.725-07:00Rental Property (North Carolina #2): All details!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxZFpUcKKjHmVCJpRJV_QnkLAhFkF27PR7ofyVersoZe2981GNbraICKhaNdtbep-Et-EwBMjunk-HTPbb6EvIcB1t_b02mqc8f4NAe5OSTog_EHzBmHdncO_nZz2Dkjz2x-coVll1j9E/s1600/2653+Magnolia+Tree+Lane.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="800" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxZFpUcKKjHmVCJpRJV_QnkLAhFkF27PR7ofyVersoZe2981GNbraICKhaNdtbep-Et-EwBMjunk-HTPbb6EvIcB1t_b02mqc8f4NAe5OSTog_EHzBmHdncO_nZz2Dkjz2x-coVll1j9E/s640/2653+Magnolia+Tree+Lane.jpg" width="640" /></a></div>
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<b style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: x-large;">Home purchase #4</b><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"><span style="font-size: large;"><b><br /></b></span></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">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. </span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">That said, another interesting thing about this property is that this is </span><span style="background-color: #fefdfa; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="color: red;">my first real "real estate investment" as a rental property from day 1; the purchase. </span>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.</span><br />
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<span style="background-color: #fefdfa; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">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! </span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">And like my other properties, in this page of <i>PassiveIncomeDude</i>, 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:</span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b><u>Home Facts</u></b></span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Purchase Date: </b>Mid 2017</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">*<b>Purchase Price: ~</b>$259,000</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Layout:</b> ~2300sf, 3 bedrooms, 2.5 bathrooms, two stories</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Finance Details</b>: 30yr fixed, 4.00%</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Amount Financed: </b>~$194,000, ~25% of purchase price</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">This property is a great home, in a good housing development and ok area, and I think overall it should generate very nice long-term returns. There is one major concern, however, one that was/is a very big potential problem...with the foundation - some cracking has occurred in the concrete slab. We did our due diligence on this concern, but we still went ahead and bought the house. Yikes. Only time will tell on this, but the engineers say it is no longer a concern. We will see.</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">Anyway, here is a picture of the kitchen to give more perspective on the property. I think it is a very nice home, but like my other properties, not over priced, outdated, or hard to rent. These factors are key!</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-BJ5bP-rtYIJ4wPOJ5S7p08xq7G_ePNYdI1WRza0E5OLHxKhx3KRjDce7L30U1Yae-NEmoGzAKXvaoLhHyX3yP7nnCYK_EYUOK02mFE39551vqCOeAxjFnTDQtzTClgvPfSWObfDq1tQ/s1600/Kitchen_Magnolia.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1024" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-BJ5bP-rtYIJ4wPOJ5S7p08xq7G_ePNYdI1WRza0E5OLHxKhx3KRjDce7L30U1Yae-NEmoGzAKXvaoLhHyX3yP7nnCYK_EYUOK02mFE39551vqCOeAxjFnTDQtzTClgvPfSWObfDq1tQ/s640/Kitchen_Magnolia.jpg" width="640" /></a></div>
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"> As I hope you'll agree, a very nice, easily rentable floorplan, modern-looking, and clean, home.</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b><u>Equity Details</u></b></span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Loan Balance at Start of Rental Period: </b>~$194,000</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Estimated Home Value at Start of Rental Period: </b>~$259,000</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>*Implied Equity: See BELOW!</b></span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;">I wrote more about the way this transaction came about (<a href="http://passiveincomedude.blogspot.com/2017/06/my-4th-rental-property-is-under-contract.html"><b>here</b></a>), but the quick gist of it is that my friend and I went into this deal as a 50/50 partnership. The original terms were that he would fund 100% of the downpayment, I'd find the property, and we'd each get 50% of the profits. Awesome. Well, some things changed and I ended up agreeing to fund about 22% of the downpayment, with our original arrangement still being 50/50 profit sharing. This all came about because I didn't need to cosign with him on another deal, so it sort of made sense for me to adjust this deal for him. You can read about these details more in my other article mentioned above.</span></span><br />
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;"><br /></span></span>
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;">Anyway, though this arrangement is slightly worse than that of my original deal (putting in $0 of my own money and still getting 50% of everything), now, the new deal only requires me putting down around 22% of the original 25% of the downpayment, which really still is awesome. <b> I'm essentially levered close to 8.8 to 1 on my money, with less than $15,000 total of my own money in the deal</b>. I know I've said it before, but this is absolutely awesome terms. Oh how I wish I actually had the $15K and didn't need to borrow it at 6% interest! (I'm quickly trying to pay that off, by the way). But stop and consider these few examples for why this is such great financing: </span></span><br />
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;"><br /></span></span>
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;">1) If the home appreciates only 2%, I'll see a return of almost 18% thanks to leverage! This doesn't even consider everything else: cash flow, tax benefits, or mortgage paydown. Simply a little appreciation, and my return is huge.</span></span><br />
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;"><br /></span></span>
<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;"><span style="color: #333333;">2) I anticipate my total annual cash flow of around $2500, or $210/mo. This equates to a cash-on-cash return alone of about 17%. 17%! For dividend stocks, in order to get $210/mo, I would need around </span><span style="color: blue;">$84,000</span><span style="color: #333333;">, and with real estate I am getting the same payout with under $15,000. Amazing! I don't like knocking on dividend stocks (which I love and are my alternative to real estate), but I just cannot get the same leverage with stocks.</span></span></span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b><u>Rental Performance</u></b></span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">In this section I will detail my monthly cash flow each year, and will also provide a number I call 'Total Earnings,' which is essentially the sum of my monthly cash flow I received plus the sum of the 'mortgage debt' paydown. Here we go:</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>Current Monthly Cash Flow (my portion): $210.75/mo</b></span><br />
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<span style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="background-color: #fefdfa;">So the total cash flow the property is generating is double that number. If I ever decide to 'buy out' my buddy, I'd receive all of the cash flow/mo; around $420/mo. Awesome.</span></span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b>Current Monthly Mortgage Paydown (my portion): $141/mo</b></span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">This is only my portion of the principle that is paid down each month by the tenant. I've "outsourced my debt" and each month it is counted as equity for me. Awesome. And the incredible fact of this as well is that this number will grow (on its own) EACH MONTH at a little more than a dollar per month. Yes it is true: as the loan is paid down and more and more of the payment goes towards principle each month instead of interest, the amount I 'get' to count as equity just increases!</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><b><u><br /></u></b></span>
<span style="background-color: #fefdfa; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><span style="color: #333333;">Therefore, with each category, </span><b><span style="color: blue;">Total Earnings: $350.75/mo</span></b></span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">These are actual numbers we've received so far, and it doesn't include any tax benefits, or appreciation, which would typically make them larger. We thankfully have had a tenant (the seller, believe it or not) in the home since day 1 of the purchase, so thankfully we haven't experienced any vacancy at all, and we're hoping the seller will stay in the home until next summer! Again, it's not all roses: vacancies and repairs will lower these returns!</span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">But in general, I feel so blessed to add this property to my portfolio. I'm thinking it will really diversify my short-term liquidity risk, which I NEED! :) I am asset "rich" and cash "poor"; trust me!</span><br />
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<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">I believe that is it. Looking forward to updating this page semi-annually or so.</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">What are your thoughts? I'd love to read your comments below!</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">Thanks for reading,</span><br />
<span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;"><br /></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13px;"></span><span style="background-color: #fefdfa; color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: medium;">Passive Income Dude</span>Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com6tag:blogger.com,1999:blog-1332513014423909278.post-4197303926452458872017-08-19T16:17:00.005-07:002017-08-19T16:21:28.899-07:00Income/Expenses: July 2017<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1kwhhPxUGzo0rsn7B2IWgpGFVIEvftbKEgyl1rkvAFDpu5cGikhPXXI7m6-eU9q8JEh9CpK3RvdRgA0Q4IVc7fGxuLqe917xylvxA7D6Blruti0W5hIisGJKLbH0I0P98I-SVKQ1-O50/s1600/Income_Expenses.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="251" data-original-width="640" height="125" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1kwhhPxUGzo0rsn7B2IWgpGFVIEvftbKEgyl1rkvAFDpu5cGikhPXXI7m6-eU9q8JEh9CpK3RvdRgA0Q4IVc7fGxuLqe917xylvxA7D6Blruti0W5hIisGJKLbH0I0P98I-SVKQ1-O50/s320/Income_Expenses.jpg" width="320" /></a></div>
<span style="font-size: medium;">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:</span><br />
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<span style="font-size: medium;"><br /></span><span style="color: red; font-size: medium;">General Thoughts on <b>INCOME</b>:</span><br />
<span style="font-size: medium;">1) Income was thankfully high this month due to somewhat of a 'bonus' at work. This is the last one of those for awhile. I expect my side/job bonus category to shrink and my actual job income to increase slightly, at least for a few months before it falls back off again to about where it is now.</span><br />
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<span style="color: red; font-size: medium;">General Thoughts on <b>EXPENSES</b>:</span><br />
<span style="font-size: medium;">1) Expenses were also high thanks to "shopping" and "everything else", which really just entailed some travel (~$100), a pair of shoes for work ($100), some exercise/weight lifting supplements for my wife and me ($180), and some smaller purchases. We tend to make bulk purchases on protein and other nutritional items every few months or so. Overall though, I'm happy to have kept expenses mostly in check.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Well, I'm going to conclude rather early with this post as well. I''ll just say that I am happy with our overall savings rate this month of about 30%, and I've updated my <a href="https://passiveincomedude.blogspot.com/p/savings-rate.html"><b>Savings tab</b></a>, above. </span><br />
<span style="font-size: medium;"><br /></span>
<span style="font-size: medium;">Finally - I'll spill the beans now: I had to take on about $15,000 worth of new debt from my dad (at 6% interest) to pay for my portion of the downpayment for my recent NC rental property purchase. I had mentioned that I would be cosigning and not have to put any money in the house, but some things changed and so I had to come up with about 30% of the downpayment - which I didn't have. So I had to borrow again. I know I'm due for an article on this purchase, and I'll be trying to pay this new debt off for the next few months if I can, but I'm feeling rather stretched at the moment, despite the increases in passive income, which were clearly evident in <b><a href="https://passiveincomedude.blogspot.com/2017/07/passive-income-report-june-2017-record.html">June </a></b>and <b><a href="https://passiveincomedude.blogspot.com/2017/08/passive-income-report-july-2017-another.html">July</a> with back to back record months</b>. Ugh! But I guess that is all part of it.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Thanks for reading!</span><br />
<br />
<span style="font-size: medium;"></span>DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com2tag:blogger.com,1999:blog-1332513014423909278.post-86435772102601394552017-08-10T13:03:00.000-07:002017-09-08T10:52:09.499-07:00Mid-Year Financial Goals Update! <div class="MsoNormal" style="margin-left: .25in;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_QSEBAPJuWMDgQB5OGHWgFE9D_9vBXROt9rnDUpHt9TawOenacfVeYbP17nxWRNp5S_4AZrO01_Gi7G77qSa8bjnEqLePNkdJg3dayAVn2wfnw08aNQcFIrsImx_gtdhumJOfEFw8OFg/s1600/Goal+Update.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="675" data-original-width="900" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_QSEBAPJuWMDgQB5OGHWgFE9D_9vBXROt9rnDUpHt9TawOenacfVeYbP17nxWRNp5S_4AZrO01_Gi7G77qSa8bjnEqLePNkdJg3dayAVn2wfnw08aNQcFIrsImx_gtdhumJOfEFw8OFg/s200/Goal+Update.jpg" width="200" /></a><span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">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. <o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">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:<o:p></o:p></span></div>
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<b><u><span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">2017
Income Investing Goals (age, 31) </span></u></b></div>
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1) $13,000 Annualized Income - </span><span style="color: red;">INCOMPLETE</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
is my most important “financial” goal, and unfortunately I am very behind pace at
the moment. Take a look at the chart
below:<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjmgVA4UJ8jkotTWdXN2C0BTuIlYf31c6qAnQiE-ckDpcq7syBl6ZKtWUmH1spdKUP48TB0-lQEQD89SajumqQtt1BvMCG4CeJy7C4AJNdC7_qDtr4RGvAQBtek7TUC4cDMT1MdbIwXFg/s1600/Screenshot+%2528114%2529.png" imageanchor="1" style="font-family: "Times New Roman", serif; font-size: 12pt; margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="816" data-original-width="1471" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjmgVA4UJ8jkotTWdXN2C0BTuIlYf31c6qAnQiE-ckDpcq7syBl6ZKtWUmH1spdKUP48TB0-lQEQD89SajumqQtt1BvMCG4CeJy7C4AJNdC7_qDtr4RGvAQBtek7TUC4cDMT1MdbIwXFg/s640/Screenshot+%2528114%2529.png" width="640" /></a><br />
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">As
you can see, during the first half of the year I’ve been significantly lower
than the monthly average I need to be at (~$1083/mo), in order to maintain a
uniform pace per month and at the end of the year achieve $13,000 in passive
income. <o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">Last
year I had a primary passive income goal of $10,000 in completely passive
income and I didn’t achieve that goal either, so we will see what happens this
year. Unfortunately, getting to $13,000 from last year’s total (of $8,841) means
I need to acheive 47% growth this year, which frankly, is ambitious. Still I expect to have a monstrous September
and December, so I haven’t lost all hope yet, but this one is starting to look
pretty challenging. I knew the second half of the year would be where I made up
a lot of ground though, so we’ll see! <b>Chance of success: 49%</b> <o:p></o:p></span></div>
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2) Pay off Credit Card Debt (~$9000 at 0% until SEP 2017) - COMPLETE.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">Wow
it feels great to have this goal complete! $9000 in debt gone! I just completed it several days ago;
just in the nick of time! </span><span style="font-family: "times new roman" , serif; font-size: 12pt;">What
a drag debt has on your ability to invest and do things. I’ve written about debt many times before (<a href="http://passiveincomedude.blogspot.com/2016/08/why-i-went-34000-into-debt-with-my.html">here</a>), and so it is very nice to see this balance at zero.
And what diligence it took to pay it off
before the interest charges started occurring! (I hope you don't mind if I pat my family's progress on the back! :)</span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"><span style="color: blue;"> 3) Family Debt Paid Off
(Started year at $5000) - COMPLETE.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
one is also complete and is another great feeling. $5000 in debt gone! At one point I owed my family $34,000, which
is a massive sum of debt (at least for me!), and so climbing out of that major
hole the last few years has been quite another test of discipline! Glad to be done!<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"> <span style="color: blue;"> 4) 800+ FICO Credit Score - </span><span style="color: red;">INCOMPLETE</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
goal is still far off. We’ll see what
happens the rest of the year, but I imagine currently we’re around the high
760’s. I think if I can continue to pay
down a few things, and continue my mortgage payments, and perhaps increase a
few credit limits, that this one will be achieved just in the nick of time as
well. <b>Chance of success: 70%</b><o:p></o:p></span></div>
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5) 28% Average Savings Rate per month - </span><span style="color: red;">INCOMPLETE</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
goal is also not complete, and I’m slightly behind where I need to be. Take a look at the chart below:<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5QR3Cgzu3LqtTOj5KG3fCkwcUvzUjYCB_Z3je33kCbyizfQIBrd6NN8HaXJSvyznLZnw3UgmURecT2KGl8VC_w9RyBpieD_IEgbAUeftBug2iYf5pU59UQGZ1pQjVHMN5DF0Dwi4QHuY/s1600/Screenshot+%2528116%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="387" data-original-width="349" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5QR3Cgzu3LqtTOj5KG3fCkwcUvzUjYCB_Z3je33kCbyizfQIBrd6NN8HaXJSvyznLZnw3UgmURecT2KGl8VC_w9RyBpieD_IEgbAUeftBug2iYf5pU59UQGZ1pQjVHMN5DF0Dwi4QHuY/s320/Screenshot+%2528116%2529.png" width="288" /></a></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">As
you can see, I’ve made up a lot of ground the last two months, and I anticipate
this will only improve during the ‘home stretch’ this year. I expect some major savings months before a
Christmas low, </span><span style="font-family: "wingdings"; font-size: 12.0pt; line-height: 107%;">J</span><span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">. <b>Chance
of success: pending some major disaster, 95%</b><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"><span style="color: blue;"> 6) Max My Roth IRA - COMPLETE.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">Yes!
I have been slowly but surely adding to my ROTH IRA this year, and I just
completed this goal several days ago as well.
Now on to completing goal #7!<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"><span style="color: blue;"> 7) Max Wife Roth IRA - </span><span style="color: red;">INCOMPLETE</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
goal is still relatively far off. I have $3000 left to contribute this year in
order to max my wife’s ROTH IRA at $5500, and so we’ll see what happens. There are several other things in front of
this goal in terms of priority (hint…new debt thanks to NC rental property
purchase #2) and so this one most likely will come in as a photo finish. <b>Chance of success: 60%</b><o:p></o:p></span></div>
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8) 1% Saved in TSP per month - </span><span style="color: red;">INCOMPLETE</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">This
goal is a guaranteed failure. I actually achieved 1%/mo for the first 6 months
of the year, but then realized my money could be better “spent” elsewhere (on
attacking debt!) and so I stopped contributing in the beginning of July. Next year! <b>Chance of success this year: 1% <o:p></o:p></b></span></div>
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9) $25 Saved per month in Kids College 529 Plan - </span><span style="color: blue;">ON TARGET</span><span style="color: blue;">.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12pt;">This one is guaranteed to happen
I think. I’ve got the automatic
contribution in place, and so I’m pretty certain this one will happen. We’re behind our college savings’ pace currently,
with two kids’ colleges and perhaps a third kid someday soon, but we’re not
behind by too much actually, and I feel good where we are at with the oldest
only at 2 years so I’ll ramp this goal up next year maybe. </span><b style="font-family: "times new roman", serif; font-size: 12pt;">Chance
of success for this year’s goal: 99%</b></div>
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10) Pay back TSP loan (Started year at $6800) - COMPLETE.</span><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">Complete!
Goal #10 is done as well; just finished it in July! $6800 in debt gone! What a great feeling. So much debt being eliminated in the first
half of this year! Debt elimination was the focus of the first half of 2017,
and thankfully that has been what has actually happened. <o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">Well
I think that is it! Glad to see a lot of these debt-related goals wiped out. Time to finish the year strong! …Big things ahead.<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;">"Brothers
and sisters, I do not consider myself yet to have taken hold of it. But one
thing I do: Forgetting what is behind and straining toward what is
ahead, I press on toward the goal…" Philippians 3:13-14<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"> Thanks for reading!<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , serif; font-size: 12.0pt; line-height: 107%;"> Passive Income Dude</span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com11tag:blogger.com,1999:blog-1332513014423909278.post-2632353217670083172017-08-04T07:26:00.003-07:002017-08-04T07:26:49.499-07:00Passive Income Report: July 2017 (Another Record!)<div style="background-color: #fefdfa; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13px;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><span style="color: #333333;">It is time again for my </span><b style="color: #333333;">Monthly Progress Review,</b><span style="color: #333333;"> and I'm excited because I finally had some massive passive income...</span><span style="color: blue;">thanks to rental properties!</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">In each progress review I will list a summary of all </span><span style="line-height: 18.2px;">dividends </span><span style="line-height: 18.2px;">I received, the </span><span style="line-height: 18.2px;">rental income</span><span style="line-height: 18.2px;"> I received, </span><span style="line-height: 18.2px;">and any </span><span style="line-height: 18.2px;">purchases I made</span><span style="line-height: 18.2px;"> from that particular month.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;"><br /></span><span style="line-height: 18.2px;">This monthly report covers </span><span style="line-height: 18.2px;">July 2017. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">I hope you enjoy these posts and that we can learn </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">how to grow our passive income streams </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">and </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">build real long-term wealth together! </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;"><br /></u></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;">General Thoughts on This Month:</u> 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!</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Read More to see how I earned </span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>$928.34 </b></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">this month in passive income!</span></div>
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<b style="line-height: 18.2px;"><u><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Dividends Received</span></u></b><br />
<b style="line-height: 18.2px;"><span style="font-weight: normal;">Dividends were almost nothing this month, with only two payers, both of which really are not significant positions in my portfolio. Still, it's great to receive these two checks without having done anything but provide the initial capital:</span></b><br />
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*All dividends are always reinvested.</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I am happy to report that I now have <b>four</b> active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my two North Carolina rentals: <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina 1</a> and <a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">North Carolina 2</a>. (I know I still need to write about the closing details of NC #2). Listed below is the cash flow that each of these properties provided this month:</span></div>
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Wow. What an awesome month. My NC #2 provided $825 in cash flow! This was entirely because we had a tenant in place from Day 1 of the closing, and our mortgage payment wasn't due until the start of the next month (in AUG)...so we essentially had pure profit on that 1st month's rent! Nice!<br />
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My other NC property, NC #1, had some major cleaning and set up expenses - as we just put a tenant in there and started with property management...set-up fees, etc. Some of this cost was a miscommunication between my property manager and me as to how detailed I wanted the initial house cleaning to be (...Frustrating! And this won't happen again); but in the end I experienced a negative cash flow on this property of $302 to pay for all of the items mentioned above. Ugh! It hurts me to think what my income would have been had I received the positive $370 in cash flow I should have received.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In summary, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$928.34</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">This month I made several small routine purchases contributing slightly under $500 to my Roth IRA (still pursuing <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html">goal number 6!</a></b>), distributed across my 5 mutual funds, listed below:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VWELX: Vanguard Wellington</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VTIVX: Vanguard Target Retirement 2045</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VGSTX: Vanguard Star</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VFIAX: Vanguard 500 Index</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VEMAX: Vanguard Emerging Markets Index</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I'm actually in a lot of debt currently (AGAIN!), thanks to NC #2 purchase, so any new purchases in stocks and mutual funds are going to be slow for awhile...yes I know I need to write about this new debt on the blog, but the bottom line is NC#2 down-payment cost me around $15,000...which I had to borrow 100% of, so, yep...lot of debt again. :/</span><br />
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<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's July total in 2016 of $587, my YoY growth for this month was 58.1%. </span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $4,713 in total<b style="color: blue;"> </b>this year in passive income. A lot....but also not a lot., compared to where I need to be. </span></div>
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<span class="Apple-style-span" style="background-color: white; color: #333333; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">W</span><span style="background-color: white; color: #333333; font-family: arial, helvetica, sans-serif;">hen compared to my goal, yikes! I am now over $2,870 behind the pace I need to be at in order to meet my primary </span><b style="color: #333333; font-family: arial, helvetica, sans-serif;"><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>. </b><span style="background-color: white; font-family: arial, helvetica, sans-serif;"><span style="color: #333333;"> See a detailed graph of the progress and gap, </span><a href="https://passiveincomedude.blogspot.com/p/progress.html"><b><span style="color: blue;">here</span></b></a><span style="color: #333333;">.</span></span><br />
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<span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><br /></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">But, believe it or not, I still believe I WILL catch up, and will meet my goal. These last 5 months of reports from August to December will be very interesting. I anticipate huge months in SEP and DEC, where I can make up some ground. We'll see what happens!</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Thanks for reading, and I always appreciate any comments,</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com11tag:blogger.com,1999:blog-1332513014423909278.post-49464074155698341152017-07-13T06:17:00.000-07:002017-07-13T06:19:11.346-07:00Income/Expenses: June 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: medium;">This post is a little late, and I have to keep it short unfortunately. But I wanted to post it before I fell too far behind and missed it!</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">I'll cut right to the chase:</span><br />
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<span style="font-size: medium;"><br /></span><span style="color: red; font-size: medium;">General Thoughts on <b>INCOME</b>:</span><br />
<span style="font-size: medium;">1) Income was thankfully very high this month due to somewhat of a 'bonus' at work.</span><br />
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<span style="color: red; font-size: medium;">General Thoughts on <b>EXPENSES</b>:</span><br />
<span style="font-size: medium;">1) Expenses were also high thanks to 'travel', which was mostly just two flights from NY to Seattle, hotel/car, etc. to go on our family cruise to Alaska that I mentioned in an earlier article. It was a blast, but definitely pricey. </span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">2) And I know shopping appears very high, as well. Some of you may be thinking - "this guy spends money like crazy. What are you thinking!" But literally it was only 3 purchases, and none of them were "fun": 1) new military uniforms for work ($775, and was a mandatory purchase), 2) a race registration for the Army 10miler ($70 I think), and 3) printer ink. lol. See? Nothing really fun or exciting, but $876 spent nonetheless! Ouch. The uniforms were the significant bulk of the costs, and all were required for my job.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Well, unfortunately I have to go. I'm happy with our overall savings rate this month of about 40%, and I've updated my <b>Savings </b>tab, above. We knew the uniforms and cruise were going to be expensive, so we tried to not spend really anywhere else. Of course, all of the surplus went towards debt repayment. Yep, still doing that. Ugh!</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Thanks for reading!</span><br />
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<span style="font-size: medium;"></span>DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com17tag:blogger.com,1999:blog-1332513014423909278.post-15071984787058401622017-07-07T03:08:00.000-07:002017-07-07T03:28:35.158-07:001 Year of Passive Income Dude! The Highlights!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDGv-TzubTp7eoMb4RiKeeFjEpUTyTXQDIdPQp7sb_TkRaomK-yrnM_l2Ad5285twKRF5VmwVc7YsbcdZsdZHcshasdvj4rfQEwKW1ISmlj7nHkc8iNJqZYu-ohyphenhyphenw1OK3ohnb3yDip0WA/s1600/1+year.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="167" data-original-width="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDGv-TzubTp7eoMb4RiKeeFjEpUTyTXQDIdPQp7sb_TkRaomK-yrnM_l2Ad5285twKRF5VmwVc7YsbcdZsdZHcshasdvj4rfQEwKW1ISmlj7nHkc8iNJqZYu-ohyphenhyphenw1OK3ohnb3yDip0WA/s1600/1+year.jpg" /></a></div>
Several days ago my second son turned one year old. What a cool event in my life! Also several days ago, this blog turned one year old! Also very cool!<br />
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<i>Passive Income Dude </i>was launched on 01 July 2016, and it is great to have one year now fully completed in the books! Since the start of this blog, a lot has happened in my own life and in my passive income journey, and since I sometimes share details about my own life in addition to my investments, etc., I thought it would be interesting to share a relatively comprehensive list of highlights that have happened since this blog was first created one year ago. I'll stick to only the most important things from three categories: my <b>Passive Income</b>, my <b>Investments</b>, and my <b>Personal Life</b>. Here we go!<br />
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<a name='more'></a><b><span style="color: blue; font-size: large;">Passive Income</span></b><br />
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1) Since the site's launch on 01 July 2016, I have earned $8,971 in passive income (from July through the end of June of this year), equating to a monthly average of roughly $748 each month. Awesome! But, one thing I like to do in addition to knowing my monthly average is to look at this figure in a 'per day' average by simply taking my annual total of $8,971 and dividing by 365. Doing this equates to <b>$24.58 per day</b> of completely passive income, each and every day, of the entire year. <br />
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Sometimes I am amazed at that number. Can you imagine someone handing you $25 cash EVERY day for the rest of your life and not having to do anything for it? To me, this exercise illustrates the very real power of <i>money</i> working for you, not the other way around.<br />
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2) <b>Growth.</b> Since the site's launch, my passive income has an average growth rate of <b>32</b>%. This excites me the most I think. Getting over 20% annual growth suggests that the power of exponential compounding and massive wealth possibility really opens up. Take this easy math example: e^5 = 148. Okay. Not that big, but decent. e^(10)? Well e^(10) = 22,026. Not bad, I suppose, and clearly much bigger than the first example. But e^(20) = <b>485,165,195. </b> A HUGE difference. 485 million vs only 22,000. I mean, what an astronomical difference between e^10 and e^20! This is the power of exponential growth above around 18%.<br />
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And what about 32%, the growth I had in YR 1 (which, in year one is much easier to do than in year 10 or something, I get it!). Now e^(32) = just incredibly huge. I think like 13 zeros huge, where e^20 is only 8 zeros. Anyway, my bottom line point in going through this exercise is that you and I have to maintain super high levels of growth each year somehow! Over 20% growth at least. 20% is the clear long term goal. The reasoning is clear in the math above.<br />
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3) My highest recorded one month total thus far for <i>Passive Income Dude </i>was in December 2016, with a one month total of<b> $2,658</b>. That month's per-day average was over $85! My goal this year is for December to be over $3,000. We'll see. Also interesting, however, since the site's launch I have only had 2 months of 4-digit passive income ($1k or more): December, as mentioned above, and this last June, where I barely squeaked in at $1,058. My point I suppose, is that it doesn't take massive months each and every month, to have large totals overall.<br />
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That's it for this section. My primary takeaway is simply this: stick to your plan, have patience, and be persistent. Now I know that that advice does not sound incredibly enlightening, but how often is this simple advice not put into practice consistently over time? And that is what I have done (for YEARS now) to slowly, but steadily, achieve the results I mention above.<br />
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<b><span style="color: blue; font-size: large;">Personal Life</span></b><br />
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1) <b>Graduated from Duke Business School</b>. I have always wanted an MBA and my two years at Duke (...the 3rd ranked MBA in the country, if I can brag about my school for a second) were filled with amazing experiences. Incredible instructors, great family time, and very smart peers. Overall I learned a lot and am very thankful for this two-year break from the Army!<br />
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2) <b>Celebrations </b>- This past 365 days also had some awesome celebrations! My first son celebrated his 2nd birthday; my second son celebrated his first birthday; and in addition to that, my wife and I celebrated our 6 year anniversary! Remember, life is lived in the moments and as such I believe celebrations are important!<br />
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3) <b>Moving </b>- we moved again, this time from NC to NY (our 4th move in 6 years of marriage....anyone see why I have a natural bend towards real estate?). Moving is always a challenging, and adding two toddlers to the mix only increases the complexity! Glad to have this done for awhile, but I know in just three short years we'll be doing it all over again. Yes, we will be moving again in 3 years! Not sure where we'll be next; what an adventure.<br />
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<b><span style="color: blue; font-size: large;">Investments</span></b><br />
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Now to the highlights of my investments...mostly just the big moves, since this is a one-year recap.<br />
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1) <b>NC Rental Active</b> - my <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina property</a> finally went active. It is fun, but also requires some serious patience, to live in your investment for two whole years, waiting, and waiting for it to finally start paying off. Anyway, I'm excited to share the results and details of this purchase on a monthly basis from now on, and you can see more about this particular property with all of the details listed <b><a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">here</a></b>.<br />
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2) <b>2nd NC Rental Property Purchased, and Active</b> - It was crazy when this opportunity arose, literally out of nowhere. I wrote about it in depth <b><a href="http://passiveincomedude.blogspot.com/2017/06/my-4th-rental-property-is-under-contract.html">here</a></b>, and I now that we have officially closed on this property, I have a page dedicated to sharing all of the details, like the tabs from all of my other properties, <b><a href="http://passiveincomedude.blogspot.com/p/2nd-nc-property.html">here</a></b>. In sum, this was an incredible "chance-event" that I thankfully (at least up to this point!) think will be a great investment that I was able to take advantage of.<br />
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3) <b>Asset Allocation On track</b> - I've continued my strategy that I will only invest in equities, bonds, and real estate. Within equities and bonds, I have around a 90/10 split, which I am comfortable with. I also continue to have around a 75/25 split between mutual funds and individual stocks. I talk about the reasoning behind my portfolio <a href="http://passiveincomedude.blogspot.com/p/portfolio.html">here</a>, but I don't think I'll go higher than that with individual securities. As for my split between stocks/bonds and real estate, I think I am now significantly overweight on real estate. In fact, I'm levered around $1 million in real estate now, and so I probably need to start de-leveraging and adding all new capital to stocks/bonds for awhile.<br />
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Well I think that's it! <span style="color: blue; font-weight: bold;">In the past 12 months, I've published 68 posts! </span>I'm very proud of that fact! :) I wish I could publish more frequently, but the payoff to be honest is essentially zero, so I selfishly (but rightly, I think) need to focus elsewhere most of the time for now.<br />
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Finally, in this 1st year <b><span style="color: blue;">I also received 15 likes on Facebook</span></b>. Please take the time to like my page -you can do so easily right at the top-right of this post) and I would really appreciate it!<br />
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Thanks as always for reading! I greatly appreciate all of you for stopping by and for your support! Seeing comments and following your sites and getting to know you better is one of my favorite parts of having a blog. <br />
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DanPassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com9tag:blogger.com,1999:blog-1332513014423909278.post-91312340819996838242017-07-01T03:52:00.000-07:002017-07-01T03:52:43.268-07:00Passive Income Report: June 2017 (Record!)<div style="background-color: #fefdfa; color: #333333; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 13px;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">It is time again for my <b>Monthly Progress Review,</b> and I'm excited because I always love reporting June's #s.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">To start however, the verse "he who exalts himself will be humbled, but he who humbles himself will be exalted", has been on my mind a lot lately. As such, I hope these reports show my excitement and thankfulness for clear signs of progress, hard work, and blessings coming to fruition, but that they also do not appear as me trying to exalt myself. That's not the point of these posts. The point is to track progress.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">In each progress review I will list a summary of all </span><span style="line-height: 18.2px;">dividends </span><span style="line-height: 18.2px;">I received, the </span><span style="line-height: 18.2px;">rental income</span><span style="line-height: 18.2px;"> I received, </span><span style="line-height: 18.2px;">and any </span><span style="line-height: 18.2px;">purchases I made</span><span style="line-height: 18.2px;"> from that particular month.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;"><br /></span><span style="line-height: 18.2px;">This monthly report covers </span><span style="line-height: 18.2px;">June 2017. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">I hope you enjoy these posts and that we can learn </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">how to grow our passive income streams </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">and </span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">build real long-term wealth together! </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;"><br /></u></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;">General Thoughts on This Month:</u> June was a great month, as many of my mutual funds saw large payouts. And additionally, the rental property segment of my portfolio also picked up into a new gear, which should continue to accelerate through the second half of this year. This was also the first month of 2017 where I had <b>4-digit passive income</b>; a great accomplishment from many years of hard work, sacrifice, and persistence.</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Read More to see how I thankfully earned </span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>$1,058.48 </b></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">this month in passive income!</span></div>
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<b style="line-height: 18.2px;"><u><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;">Dividends Received</span></u></b><br />
<b style="line-height: 18.2px;"><span style="font-weight: normal;">5 mutual funds and 6 individual stocks paid out for me this month. The snowball is slowly picking up steam.</span></b><br />
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All dividends are always reinvested.</div>
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<b style="font-family: arial, helvetica, sans-serif; line-height: 18.2px;"><u><span class="Apple-style-span" style="font-size: medium;">Rental Income Received</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I am happy to report that I now have three active rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e;">Missouri Rental</a> my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e;">Colorado Rental</a>, and my <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina rental</a>. Listed below is the cash flow that each of these properties provided this month:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The North Carolina number reflected above is after that property had $325 in cleaning expenses. The carpets and house needed to be professionally cleaned in order to have it ready for rent, so cash flow would have been higher had I not had this expense....there is always something! But next month should perhaps be better, and I am by no means disappointed in over $300 in total cash flow.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Therefore, with dividends and rental cash flow combined, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$1,058.48</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">This month I made two purchases. First, I contributed slightly under $1,000 to my Roth IRA (still pursuing <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html">goal number 6!</a></b>), distributed across my 5 mutual funds, listed below:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VWELX: Vanguard Wellington</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VTIVX: Vanguard Target Retirement 2045</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VGSTX: Vanguard Star</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VFIAX: Vanguard 500 Index</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VEMAX: Vanguard Emerging Markets Index</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">My second purchase was of Costco (COST), a new holding for me, which I wrote briefly about <b><a href="http://passiveincomedude.blogspot.com/2017/06/purchased-costco-cost.html">here</a>. </b>I think Costco is a great business and I imagine it will provide healthy returns for the near future. This purchase, like the one above, was right around $1,000.</span><br />
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<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;"><span style="color: #333333;">This was a great month for Passive Income. </span><span style="color: blue; font-weight: bold;">Compared to last year's June total in 2016 of $437, my YoY growth for this month was 142%. </span>Triple digit growth, from a starting at $400+ in passive income, is hard to achieve so I am thankful and proud of the results from this month. I imagine things will continue to progress as this year continues and another rental property in North Carolina becomes active, perhaps (yep! stay tuned!).</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;">I've also started doing some consulting with a firm based out of Durham, and after doing that I wanted to see if anyone would like to discuss real estate, investing, or personal finance one-on-one as either a coaching or teaching session? It'd be free at first of course, so no pressure to accept. </span></span><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 13px;">There probably isn't anyone, but I'd be willing to do that and would enjoy it! Just looking to meet and talk with like minded people. So please let me know if you're interested.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Finally, with the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $3,647 in total<b style="color: blue;"> </b>this year in passive income. That equates to about $20 per day, which is quite a blessing.</span><br />
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<span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">But when compared to my goal, yikes! I am now over $2,800 behind the pace I need to meet my primary <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e;">Passive Income Goal</a>. </b> </span><br />
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<span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;">But believe it or not, I still believe I WILL catch up, and will meet it. These last 6 months of reports from July to December will be very interesting. We'll see what happens!</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Thanks for reading, and I always appreciate any comments,</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com20tag:blogger.com,1999:blog-1332513014423909278.post-79448795398729537032017-06-28T10:19:00.005-07:002017-06-28T10:19:40.400-07:00Purchased Costco! (COST)<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQmStav41hvV80VDbSLbTJ0mZ1UVjYQlUwNG9BhKAZDtW5dbhxT51N7OP6Dwk7LJEw-WKU3p2fZ99lD5gX3LYmzEu-wrVdtM7HD6lAhKGK2R2pe5M3HMXix_zLd8ZpFqgHIkC6cFT6c10/s1600/Costco_Logo-1.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="146" data-original-width="507" height="92" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQmStav41hvV80VDbSLbTJ0mZ1UVjYQlUwNG9BhKAZDtW5dbhxT51N7OP6Dwk7LJEw-WKU3p2fZ99lD5gX3LYmzEu-wrVdtM7HD6lAhKGK2R2pe5M3HMXix_zLd8ZpFqgHIkC6cFT6c10/s320/Costco_Logo-1.png" width="320" /></a></div>
I don't have much to say in this post other than to announce that I recently purchased a small (very small) amount of Costco. To be specific, right at about $1000 worth. I think Costco is a great company, and business in general, and EVERY time I go to Costco, no matter what particular state I am in (I recently visited Costcos in Arizona, Washington, and North Carolina, while traveling) and they are always PACKED with customers. I couldn't sit on the sidelines anymore.<br />
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I was also excited to see the recent drop in share price thanks to the Amazon-Whole Foods bid, and so I picked up some shares of Costco believing the drop to be significantly overblown.<br />
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Finally, I believe in Charlie Munger to identify great businesses and I know Mr. Munger is a big believer in Costco as well. I imagine Costco will do well for quite awhile, but unfortunately all of my available capital is still going towards paying down debt and real estate (minus this $1K), so this was all I could contribute.<br />
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My other idea was to short Tesla. I cannot justify Tesla's share price in my head, at all. It was either short Tesla or buy Costco. From the date of my Costco purchase, Tesla shares have dropped around 20pts and Costco hasn't really moved. Blah. Time will tell.<br />
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Well I suppose that's it. What are your thoughts on Costco? Or on Tesla? Thanks!<br />
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Passive Income DudePassive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com2tag:blogger.com,1999:blog-1332513014423909278.post-77858044580498402812017-06-23T17:28:00.001-07:002017-09-08T10:52:34.646-07:00Income/Expenses: May2017Deleted by author (on accident!)...Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com2tag:blogger.com,1999:blog-1332513014423909278.post-34035080748948608982017-06-20T11:17:00.001-07:002017-06-20T11:20:33.261-07:00Passive Income Report: May 2017<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">It is time again for my <b>Monthly Progress Review,</b> and I almost missed it! My family and I (my mom, brother, sister, and my wife....without the kids!) were on an Alaskan cruise for the last week or so. I highly recommend one if you ever have the opportunity! What a blast.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">In each progress review I will list a summary of all </span><span style="line-height: 18.2px;">dividends </span><span style="line-height: 18.2px;">I received, the </span><span style="line-height: 18.2px;">rental income</span><span style="line-height: 18.2px;"> I received, </span><span style="line-height: 18.2px;">and any </span><span style="line-height: 18.2px;">purchases I made</span><span style="line-height: 18.2px;"> from that particular month.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="line-height: 18.2px;">I hope you enjoy these posts and that we can learn </span><span style="line-height: 18.2px;">how to grow our passive income streams </span><span style="line-height: 18.2px;">and </span><span style="line-height: 18.2px;">build real long-term wealth together! </span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;"><br /></u></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><u style="font-style: italic; font-weight: bold;">General Thoughts on This Month:</u> May was a relatively quiet month for passive income and, again, I hardly have anything to say but that I am thankful for what we received and that some income is always better than no income! Just sticking to the process with months like these.</span><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">Anyway, Read More to see how I thankfully still earned </span><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>$417 </b></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">this month in passive income...</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I currently have two rental properties, my <a href="http://passiveincomedude.blogspot.com/p/rental-properties-1.html" style="color: #7d181e; text-decoration-line: none;">Missouri Rental</a> and my <a href="http://passiveincomedude.blogspot.com/p/rental-properties.html" style="color: #7d181e; text-decoration-line: none;">Colorado Rental</a>, but NEXT MONTH my <a href="http://passiveincomedude.blogspot.com/p/north-carolina-rental-property.html">North Carolina rental</a> will be active. I'm excited to start reporting numbers for this property! Listed below is the cash flow my active rental properties provided this month:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">My Colorado property had an $89 repair expense for a leaking A/C unit. Agh! I cannot stand rental property expenses! They come directly out of the cash flow bottom line.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Therefore, with dividends and rental income and expenses, </span><b style="font-family: arial, helvetica, sans-serif;">Total Passive Income Received: <span style="color: blue;">$417.36</span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><b><u><span class="Apple-style-span" style="font-size: medium;">Purchases</span></u></b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">This month I continued progress towards achieving my <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html">2017 financial goals #6 and #7</a>, </b>by contributing about $1,400 towards my ROTH IRA and my wife's ROTH IRA. Specifically, we made purchases totaling $1400 spread across all six of our mutual funds, listed below:</span></div>
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<b style="font-family: arial, helvetica, sans-serif;"><u><span class="Apple-style-span" style="font-size: medium;">Thoughts on This Month</span></u></b></div>
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<span style="color: #333333; font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;">This month was pretty uneventful, except for the possible 4th new rental property added to my portfolio, which I recently </span></span><b style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: 13px;"><a href="http://passiveincomedude.blogspot.com/2017/06/my-4th-rental-property-is-under-contract.html">wrote about here</a>. </b><span style="color: #333333; font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13px;">This property has some exciting prospects, but it also has some bad news. We will see what happens with this property, as the inspection report uncovered some serious foundation issues that really scare me! Not sure how we'll proceed yet, but we could walk away from this deal.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><b>In conclusion, last year's total in May was $634, resulting in a YoY growth rate of negative 34% (HA!). I think this decline is because I've been recently reducing my individual stock positions while adding to my mutual funds. Rental property expenses never help growth either. We'll see but right now I am drastically off pace from my primary goal.</b> </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 18.2px;">With the addition of this month's income to my</span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"> </span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><b><a href="http://passiveincomedude.blogspot.com/p/progress.html" style="color: #7d181e; text-decoration-line: none;">Progress</a></b></span><span class="Apple-style-span" style="background-color: white; font-family: "arial" , "helvetica" , sans-serif; line-height: normal;"><span style="font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"> </span>Tab I now have earned $2,588.60 in total<b style="color: blue;"> </b>this year in passive income. Wow, I am off pace for my <b><a href="http://passiveincomedude.blogspot.com/p/passive-income-goals.html" style="color: #7d181e; text-decoration-line: none;">Passive Income Goal</a>. </b> But the journey is long and sometimes it takes patience! It's "all about moving forward..."</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Thanks for reading, and I always appreciate any comments,</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br />Passive Income Dude </span></div>
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Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com6tag:blogger.com,1999:blog-1332513014423909278.post-41297463721016022182017-06-03T18:02:00.002-07:002017-06-03T18:07:52.659-07:00My 4th Rental Property Is Under Contract!<div class="separator" style="clear: both; text-align: center;">
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Hello all!<br />
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I'm sorry it has been awhile since I've last written. Things have been extremely busy, but I am very happy to report that despite my 'projected plans' for investments, etc., a unique opportunity came my way and I now am under contract on another investment property! This property puts my total real estate investments now at 4 single family homes!<br />
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This was quite the blessing and (completely out of the blue, to be honest). I think there are a few famous sayings that really apply to what happened with this situation: first,<b> </b><i><b>opportunity favors the bold</b>; </i>second, <i><b>help others get what they want, and you'll get what you want</b>;</i>and third, <i><b>you really can buy properties with no money down </b>(</i>albeit, this was a unique opportunity). You'll see more how these apply in the rest of the post below. They came to mind very quickly as I was reflecting on this experience.<br />
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Nonetheless, I'm excited about this investment deal, and I'd love to share the details with you now:<br />
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<a name='more'></a>This situation came about when my friend, who frequently listened to me talk about real estate in the past, came to me with a unique problem he was facing: the short story of his problem was that he had a lot of liquid assets that he was ready to invest and wanted to purchase a home. But he was also about to not have any monthly income for the next three years: since he was about to start Law School, he literally would go without a steady paycheck for the next three years. But, he really wanted to buy a house as well, and he had the money to do so. Unfortunately, however, despite his very sizable assets, the banks were unwilling to qualify him for a mortgage, since he would not have any monthly income for quite awhile. Now, I personally could go into detail about how stupid (in my opinion) the banks are for denying someone who has 150% of the home's purchase price in liquid assets, and an over 800 credit score, etc. for not qualifying him, but I'll save that for those that would like to hear more in the comments.<br />
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Anyway, my friend approached me and asked that if I would cosign with him (as me being the opposite of his problem: someone who has a steady income, but very little liquid assets! :), then in return for my assistance (really just my signature), he would purchase a second property with me as well in which he put up 100% of the downpayment, but we would split the cash flow, the equity, and the appreciation 50/50. I also would be responsible for finding the property and completing most of the legwork to get the deal completed, but note that I didn't have to put ANY of my own money into the deal! I was more than willing to pursue this partnership, and I invested a considerable amount of time to make this happen. Remember, I would get 50% of all that this investment generated. <br />
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After a thorough analysis, this was a win-win for both of us, and so here we are, less than three weeks later, under contract on what I think will be an excellent investment property.<br />
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Here is a picture of the kitchen, my favorite part of every home, and showing a picture of the kitchen is something I show to viewers of this site with all of my properties. Without further adieu,<br />
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In conclusion, I'm very excited to see how this property performs. But since we have not officially closed on the property yet and are still only 'under contract', I'll save the very intricate details of this investment for a later post, but here is what I am projecting this property to produce:</div>
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*<b>Cash flow </b>of around $386/mo</div>
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*<b>Mortgage Paydown</b> of around $280/mo</div>
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*<b>Home appreciation</b> of around $400/mo</div>
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*<b>Cash on cash return</b> (for me, infinity!), but for the partnership, around high single digits</div>
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*<b>Total Return:</b> around 29% per year</div>
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Wow. What an absolute blessing. </div>
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This particular stat, however, is really what excites me: it was less than 3 weeks total from when my friend originally came to me with his dilemma, to us being under contract on the home pictured above. How wild of a situation. Remember the saying from the introduction, <b>opportunity favors the bold</b>. </div>
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<span style="color: red;">Consider this as well:</span> it would take over $154,000 saved and invested at a 3% yield to generate the amount cash flow from dividends, for example, that this property is going to generate, from just a few weeks worth of work with a friend. All I can say is that I am so thankful. All the glory to God! </div>
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Now, of course I will only receive half of the amounts described above, but still! Thankfully I had to put $0 of my own money to work in this deal. So my returns are all essentially infinite!</div>
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In three years, my friend and I will reevaluate our partnership and decide what to do with the property. I personally would like to start a business with him, as he is someone with the utmost integrity and character, (and also a brilliant guy) but we'll see what happens.</div>
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Remember:<b> </b><span style="color: blue;"><i><b>opportunity favors the bold</b>; </i><i><b>help others get what they want, and you'll get what you want</b>;</i> <i><b>you really can buy properties with no money down </b></i></span></div>
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I think that is it for now. Thank you as always for reading. I'd love to hear your thoughts below! If you ever want to discuss real estate with me, please send me an email. Please be patient, but I will get back to you!</div>
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Passive Income Dude</div>
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<br />Passive Income Dudehttp://www.blogger.com/profile/13698511310449851311noreply@blogger.com12