March 2018 Net Worth Update - Cash Flow Diaries (2024)

This is my official March 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 04/01/2018. Detailed explanations and a quick summary can be found below. If you would like to see my previous months net worth posts, please visit my Net Worth Tracker. I have been tracking my net worth monthly since May 2015. If you want to learn how to track net worth then check out how I am doing it.

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Quick Summary and comments: +$11,636

Time continues to fly by lately and it seems I have finally crossed the 1 million dollar mark for assets owned! That seems like a big deal to me personally. It doesn’t mean my net worth is a cool mill! But my total assets are. Pretty cool! Although I bet that goes back below the milly mark next month as its April now and I’ll have to pay taxes owed federally and to the state and on top of that, I have to pay property taxes for the 3 properties I own out right here in Indy. I’m guessing right that now that will be close to $13k I will be paying cash. Oh well, it’s all part of the game so no complaints here. My ultimate goal is for my net worth to hit the milly mark and I am still years and years away from that unfortunately.

Personal Life Update: We are coming on the last month now of my wife being pregnant and there is a slight chance that the next net worth post you read from me (for May), I will be a dad! Woah!!

Real Estate Investing Update: I still have that $50k tied up in hard money lending, still collecting the interest payments on that as well. Although I did find from my borrower that it should finally get paid off in April. I am also just finishing now 2 full months of having a full-time airbnb property and it has been going great so far. We have not had any issues and are making more money on it from if it were a traditional rental property. I will actually be writing a post with all the numbers and details now that I am at the 2 month mark. So stay tuned, my next post will be the airbnb update. Probably later this week.

Okay enough about that, lets jump into my net worth categories.

Assets: Explanations of each of my assets.

Cash: +$11,432

Cash continues to rise which is great! However, this will definitely go down in April as I have big time tax expenses due for federal, state and property taxes. Gulp!!

My cash as noted above in the spreadsheet consists of my wife and I’s checking account and my REI (Real Estate Investing) checking account.

HSA account: -$91

Saw a decrease here due to having to pay for some doctor appointment stuff for my wife’s pregnancy. These were expected and I will not be surprised if this keeps going down each month now that we are in the final stages of having our first baby.

My HSA contributions are minimal right now but because of the baby coming, I may increase these contributions now. Will speak to my wife to decide the best course of action.

Company Stock Options: +$86

Saw another price increase which I will not complain about. Since I am not hard-core pressed for cash right now though I will just let these stocks sit there. Hopefully it will continue to grow.

These are stock options from my day job. I am fully vested.

Stock Portfolio:+$217

My stock portfoliois built of precious metal mining stocks. It’s super volatile but prior to this month, it was actually going up for a few months which was nice. Unfortunately this is just the nature of the game for this industry. These are highly volatile and I am keeping these until the economy crashes and gold sky rockets. I’m in it for the long haul on these as I think it’s just a matter of time before the precious metal sector takes off. Overall I am still profiting from these stocks as I bought them for dirt cheap a long time ago when the precious metal sector was at its peak low.

I bought all my shares usingtradeKing which is now Ally.

401K: -$29

I made an executive decision awhile back to take money out of my 401k and no longer contribute any more money to it. Mainly because I do not get matched contributions from the dreadful day job. But also because I KNOW I can make better returns using that money on rental properties. Any movement you see in this asset is only from market fluctuations. I am not able to withdraw the remaining amount in here until I quit my job. I really don’t like the idea of having an account that punishes me to take money out because of age.

Property # 1 (Indianapolis, IN)

All is good with my primary residence at this time.

My primary residence in Indianapolis. This was originally a turnkey property I bought back when I lived in Austin. I bought this house for $67k almost 2 years ago. Spent an additional $30k in renovations when I moved into this house. So all in for $100k, now worth about $160k. I love the location, the size of the house and because my mortgage on it is less than half of what I was paying when I was living in Austin, TX. Here are more details onwhen I originally bought this oneas a rental property.

Property # 2 (Austin, TX)

These tenants have been in this rental for 2 years already and they just told me they want another 2 years. It’s a beautiful day!! Rent paid on time, no repairs made again. I am expecting to replace the roof soon which will be a huge expense. I guess I am just waiting for the very first sign of leakage but I shouldn’t do that. I need to just pay the money and replace the roof ASAP before any damage incurs. This is the property I self manage in Austin. Even now that I live in Indy, I will continue self managing this one. I think I can do it from afar and if in the future I realize that I can not continue being my own property manager, then I will probably just find a PM to handle it.

This wasmy first rental property. It’s actually the first house I ever purchased in general. I bought it when I moved to Austin way back in the day and it was my primary residence for a long time. I originally never had plans for it to become a rental property but when I discovered the beautiful world of real estate investing, I knew I would someday convert this one to a rental. I expect gradual appreciation from this property because it is in the suburbs Austin which has been growing tremendously. Love me some HOT markets!

Property # 3 (Indianapolis, IN)

Rent paid on time, no repair requests made. By far, these tenants have submitted the most repair requests out of any other of my rentals. They are really picky.

This is my first turnkey rental property I purchased out-of-state in Indianapolis. I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only.

Property # 4 (Indianapolis, IN)

Well this tenant is finally moving out after 2 years. It’s a shame because they were good tenants. I will have to do a turnover on this one in April and I will be discovering soon what the damages/rent ready costs will be. The good news (sort of) is that I will be officially taking over the property management duties on this one. Including the airbnb, this will now be the 3rd property here in Indy that I am self managing now. I still have a few being managed by an actual PM company. This property was the one that I fired my property manager from originally when I first bought it as a turnkey rental properly.

This wasmy 2nd turnkey rental property in Indianapolis I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only.

Property # 5 (Austin, TX)

Mortgage paid on time. No issues. This is a note that I own from a house that I sold via owner finance in the Austin area. If you notice though, the reason why this asset will continue to go down from the spreadsheet above is because it is a note and the principal balance on it goes down each month as the buyer pays me. Remember, I’m the lender on this one.

Property # 6 (Independence, MO (KC))

Tenant moved in last month and paid the first month’s rent on time however there was a $250 plumbing repair that needed to be handled. Not to mention I have been having issues with the PM on this one the last few months but I finally heard back from the PM and they are undergoing major changes right now. I’ll give them the benefit of the doubt and see how it plays out for a few more months before I make any drastic decisions here. This was the lastturnkey rental propertyI purchased located in the Kansas City area. I bought this in late October 2015. I purchased this property also for CASH FLOW purposes only. I am not expecting appreciation gains on this one.

Property # 7 (Indianapolis, IN)

Rent paid on time and zero repair requests. This one was the property I originally wanted to convert to an airBnb but since the tenant renewed the lease I never did so I ended up converting property #8 into an airbnb instead. This tenant has been great so far and I don’t want to ruin that. Easy cash flow baby!!

I bought this rental property from a wholesaler here in Indy after I moved here. I paid this one in cash and it came with a properly screened and paying tenant which was great. The property needs some fixing up however I won’t mess with it until after the tenant moves out or submits repairs.

Property # 8 (Indianapolis, IN)

This property is now a full-time airbnb vacation rental property. I officially converted it into an airbnb in late January 2018 and it has been keeping steadily booked and we are making money. This was a traditional rental property which was rented for $950. After a year of having it as a rental, I decided to convert it into an airbnb because of its great location.

I bought this housefrom a wholesaler here in Indy for $65k in a very popular Indy neighborhood (Bates Hendricks) back in late October 2016. I put in about $20k getting it rent ready. And an additional $10k to make it airbnb ready.

Property # 9(Indianapolis, IN)

This is my newest rental and so far I have received all the rent payments on time. No repair requests made. I am not expecting any repairs anytime soon as I fully rehabbed this house.

I bought this home as a foreclosure off the MLS. Paid in cash, fixed it up and rented it out. Check here for all the numbers and details of this property.

Liabilities: These are self-explanatory so I wont dive too deep into these however I would like to include the items below for informational purposes.

Credit Card

I only use one credit card (rewards card) that I use to purchase my everyday expenses. I pay this off in full every month. I am receiving 1.5% cash back on this card and am very pleased with it. Satisfied!

Last 30 days net worth graph from Personal Capital

This month’s chart shows a HUGE increase at the end because that is when I updated all my real estate values. It’s beautiful!! I love this chart though. It looks great and its nice and big.

If you want to set up and track your net worth online like I do, create a FREE account at Personal Capital.

There you have it folks! How was your month? Subscribe here if you would like to receive emails on future posts including more net worth updates.