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Networth update, settled 2 flat and interview tomorrow and next week

June 19th, 2014 at 01:18 pm

HI all,

Thought I would post a quick networth here... it is fun to look back and see the progress.. October 1 marks 1 year on SA.. wil recap progress then.. 6 homes and 3 units are not in my name yet. they are on a contract for deed but still listed here. Values are the price I paid. I did a lot of figuring yesterday and basically things look positive for the 5 year goal. ..I am not on target to reach it but on target I think for 'year 1'..where I am short is this: pay off the house goal (no plans yet but still stabilizing) and $300k cash (only projecting as of now $170k need to increase this) and 3 units and 6 homes will likely only give me $6000/month. and 3 units will likely not payoff til 5/2019... I have a little under 4 years m more to meet my stated goals so I think off to a good start. but SUPER IMPORTANT I stabilize and have lots of extra cash on hand for emergency. I will be 47 6/2018.. birthday is October.

Trying to stabilize here and get on a routine..

Settled 2 flat yesterday.. lots of drama.. tenants were upset and threatening to sue me... not sure for what. I advised them about the foreclosure months ago..and set them up w a lower rent.. lots of landlords just walk off. I maintained the place to the end and returned security deposit. Anyway hopefully that chapter is closed. They will rent from bank and then new owner now.

Hope to hear on refinance Monday.

JOb interview tomorrow and one next week. all for large companies. one contract at $65/hr. one is salary .. likedly $120-130k.. unsure.

I wish I had word on a job nearer . I am concerned I am going to get offers next week and still not have heard or gotten any leads on local jobs. so far I have been submitted for 4 local jobs.. have no word at all on 3 yet and did an interview on one and got beaten out.

The contract job at $65/hr (likely at least 2 years) appears NOT to offer 401k for the first year.. crazy. I will ask for that exception if I get it. I work at home today and will try to incorporate some job search. I used to just wait for a job to end before looking for another. I will be more vigilant now. it is VERY NICE to have the luxury of looking for a job while working one so i have minimal downtime and I need that.

Marching forward. settling a lot of stuff this next 3 months then things smooth out.. (wiping my brow)

I did open a taxable investment account at Vanguard I am really liking Vanguard. put $1300 in it. I will merge Sharebuilder into that. less fees.

2 Responses to “Networth update, settled 2 flat and interview tomorrow and next week”

  1. laura Says:


    Hi Rachael,

    Looking good! Hang in there, there is a light at the end of the tunnel.
    Smile
    Laura

  2. Rachael777 Says:

    Thanks. talked to my accountant .. he said I was more than fair w these tenants.. craziness.. I am SO THANKFUL i have this guy for help, advice and encouragement.. He said 'hey if you don't want those 6 homes. sell them to me/.. I will take them!'.. I can not wait til I am half way there// 2.5 years into this 6 hoomes deal.. I will have 2 homes pulled out, much more equity and things SMOOTHER ... or even just a few more months when that one home is turned over and things are SMOOOTHER. Everyone else is pretty stable..

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