February 2021 Net Worth Update


This is my official Net Worth Update for February 2021. Below are my actual numbers for ALL my investments and liabilities as of 02/02/2021. 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 track your net worth then check out how I am doing it for ideas.

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TOTAL NET WORTH: $1,215,367


Quick Summary and comments: +$174,941

It has been 8 months since I wrote my last net worth update and 8 months since I officially became a millionaire.  This year has been absolutely nuts for me in so many ways. With the pandemic in full force and quitting my w2 job to become a real estate agent/realtor it has been a wild ride for sure.  And all while trying to be an amazing dad to my two little kids.   Lucky for me and despite the big changes in my life, my net worth has continued to grow.   I was really curious to see how it would turn out this time and I am very happy to see the growth still occurring even though my income is nowhere near as much as it used to be.   It’s clear to me that the growth has been in result of my real estate properties.  The appreciation has been great and I saw a $40k boost in the value of my house in Austin, TX which is insane.  The market in Austin Texas is literally insane right now!


Personal Life Update:

Sheesh where do I start.  My kids are growing like weeds.  I have a 2.5 year old girl and a 13 month old boy.  They are a handful but bring so much joy to my life.  I am so blessed to be able to be with them every step of the way during early stages of their life.  I have watched them take their first steps, say their first words and it seems everyday they do something new.  They are like cute little sponges.

As I mentioned before, I quit my w2 job 11 months ago literally a few weeks before the pandemic hit to become a real estate agent.  Thankfully, it has worked out well for me so far.  I haven’t made nearly as much money as I was at my w2 job but I was miserable at that job and now I am happy as can be.  I love having so much freedom and the luxury to do whatever I want and when I want.  I typically work about 30 hours a week with the realtor stuff and although the income is inconsistent, I am making enough to keep my appetite strong for continuing with this new career path.   I am looking forward to what 2021 brings.


Real Estate Investing Update:

Since I wrote my last net worth update post, I have purchased two additional investment properties here in Indianapolis.  I am now back up to 8 rental properties (including my Airbnb carriage house in my backyard of my primary residence) and the cash flow is strong!  The last property I purchased was in November (property #8) in which I only just recently finished rehabbing it so I am trying to get it rented out right now.  I have it listed on Zillow as I write this.   Hopefully it will be rented out soon.

I no longer have a large cash reserve because I bought the last 2 properties in cash so for my next property, I am going to be using a 100k line of credit that I have and most likely will purchase it to flip.   I have never really enjoyed flipping houses but in order to make more money to buy rentals, I am going to have to flip a house or two to help me with my master plan.  I have already begun the search for my next investment property however like usual, am having a hard time finding something that fits my criteria.

I am still very passionate for real estate investing and have no plans on stopping anytime soon.  I think I am still a few paid off houses away from full financial freedom.

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

Assets: Explanations of each of my assets.

Cash:   -$133,901

I had so much cash before and I was finally able to use it to buy two more investment properties.  Was definitely worth it and helped me get better deals because I was able to pay cash with fast closings.  Now I am down to about 48k in cash which is perfect for me.

My cash as noted above in the spreadsheet consists of my wife and I’s checking and savings accounts.  I am the sole income earner in the household.

HSA account: +$0

No change to my HSA. I am no longer contributing to it as it was an HSA I had at my previous w2 job.  This money is just waiting to be used for now.

My HSA contributions are what is left over in my account from my previous employer (W2 job).  I am no longer contributing to this HSA account.

Crypto Portfolio: +$5877

I literally only just started investing in cryptocurrency this past week.  After seeing how corrupt and manipulative the financial markets are here in the united states, I have been opened up to cryptos and am now fully on board.  I made a $5500 deposit to my crypto exchanges and have already seen some profit which is great!

I am still spending a lot of time learning about this space and have not deployed most of that money yet into any currencies but I am ready to pull the trigger on it as soon as I see some dips in the market.

Stock Portfolio: +$6,448

I only have about $1k of this money actually in stock, the remaining balance is sitting as cash in the exchange waiting to be deployed.  If I see something I like then I will buy but I am not really turned on to any particular stock or ETF right now.


I took advantage of the covid relief program in which I was able to cash out all my 401k with no penalty.  I only had $10k in it anyways as I was never into the 401k thing.  My old w2 job never matched so there was no incentive for me to stick with it.  I would much rather spend my money on real estate where I have been successful and know how to get good returns with.

Property # 1 (Indianapolis, IN)

All is good with my primary residence at this time.  We live in downtown Indianapolis and we love living here.  We have a carriage house that we built in the back which we is also our Airbnb.

My current primary residence in Indianapolis.

Property # 2 (Austin, TX)

Rent always is paid on time and I haven’t had a repair call in a very long time.  My current monthly mortgage payment on this one is $980.  It’s rented for $1300.  This one is now under market rent but because my tenants are so good, I am letting them pay below market value for now.  Don’t want to rock the boat.

I self manage this property from remote and will continue to do so until it makes sense to get a property manager.

This was my 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 which is now.   I expect gradual appreciation from this property because it is in the suburbs Austin which has been growing tremendously.

Property # 3 (Indianapolis, IN)

Tenants paying on time and no repairs made.  Currently still a cash cow!  Monthly mortgage payment on this one is currently $372  It’s rented for $1200.

This was the house I lived in when I first moved to Indianapolis.  It was a rental property, then my primary residence and now back to a rental property.  It’s a cash cow and I love this one a lot!

This was originally a turnkey property I bought back when I lived in Austin.     I bought this house for $67k back in June 2015 and cash flowed off it until I decided to move to Indy and move into it when we first came to Indy.   I spent an additional $30k in renovations when  I moved into this house to make it an awesome primary residence.  So I am all in for $100k.    Here are the details on when I originally bought this one as a turnkey rental property.

This was my first turnkey rental property I purchased out-of-state in Indianapolis when I was living in Austin.

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Property # 4 (Indianapolis, IN)

Rent always paid on time.  No repair requests in a very long time.   Current mortgage on this one is $0.  Paid for it all in cash!    It’s currently rented at $1100 monthly.

This was the rental that I had originally converted it into an airbnb in late January 2018.  It actually did make more money as an airbnb then a traditional rental but not that much more.  At the end of the day, it wasn’t worth it to us to maintain and clean it was a new baby coming.  We just didn’t have time and if we hired cleaners, it would have only left us with a few hundred more per month then a normal rental.   We decided to convert this back into a normal rental.

You can see how much money I made in the first two months of being on airbnb here.

I bought this house as a wholesale property here in Indy for $65k in a very popular Indy neighborhood back in late October 2016.   I put in about $20k getting it rent ready.    Added an additional $10k to make it airbnb ready.  All in for about $100k.


Property # 5 (Indianapolis, IN)

I finally had a turnover on this one after 3 years.  The tenant moved out and I spent about $2500 getting it rent ready.  I repainted the whole interior and made a bunch of minor fixes.  I only had this rental vacant for 1 month and was able to increase the rent from $1050 to $1175.  A nice little increase in my cash flow!

I bought this home as a foreclosure off the MLS.  Paid in cash, fixed it up and rented it out in 2017.  Check here for all the numbers and details of this property.


Property # 6 (Indianapolis, IN)

Rent always paid on time and a few repair requests have been made in which I was able to fix on my own for very little money.

Rented for $1450 in a Class A neighborhood.

I purchased this property for $105k from the MLS back in March 2020.  I put in $58k to rehab it for an all in cost of $163k.   This house is now worth at least $215k and would have made for a killer flip if I had decided to sell it.  I however chose to keep it as a rental because I love this house and neighborhood.  The number’s aren’t super for a rental but considering its a Class A property and that it is completely paid off, I am perfectly okay with that.


Property # 7   (Indianapolis, IN)

This is a new property I bought in November of 2020.  I bought it for $72k and have spent about $3k doing some fixes and repairs.  This rental actually came with an already paying tenant in which I recently renewed the lease with.   Tenant pays $895.  Rent paid on time however they seem to be making a lot of repair requests which I am handling.

This property is going to be even better eventually when the tenants move out, I am going to add a bathroom, fix it up a bit which will make the property worth in the 130k range.  I will also be able to increase the rent to at least $1k.   I won’t do any of this until these original tenants move out though, if they ever move out that is.  For now, its a nice little cash flowing property.


Property # 8  (Indianapolis, IN)

I just bought this property back in November 2020 also as a fixer upper.  Purchased for $90k, spent $30k to fix it up and am trying to get it rented out right now for at least $1300 per month.  The house is now worth at least $150k so it was a great value add play and still a decent cash flowing property.  It is an upcoming neighborhood that I think will really take off within the next 5 years.


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.


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  1. Wow, it’s been a while since I’ve seen a post. I’ve been following you for years, commenting now and then, and a few years ago we were neck and neck with Net Worth, with me in 401K’s, IRA’s and the Market, and you in Real Estate. Now a few years later your net worth has far surpassed mine by nearly 400K, so that’s interesting to see as a comparison. It goes to show that if you have the will and drive to do the Real Estate and not invest passively as I have, you can end-up with a far higher net worth. Thanks for the update, and I look forward to more!

    • Indeed, it has been a very long time. I bet it’s been a wild ride for you with the market and I am surprised to hear the big difference between our net worths. I can tell you I made a lot of impact in the real estate appreciation gains by adding value/rehabbing the properties I am buying. That takes a lot of work but definitely pays off. As you mentioned, it’s not passive at all the way I have been doing it. Thanks for stopping by again and I appreciate the comment.

  2. Congratulations on the latest successes! I was curious to know, do you hold your properties in an LLC? I was thinking of starting one, but want to know what the ongoing costs would be. E.g. annual registration fees, tax returns, anything else.

    • Thanks!! I hold all my properties that I do not have a mortgage on with an LLC. And the ones with a mortgage just under my name. Its very cheap to open a LLC here in Indianapolis and there aren’t any on going costs that I know of. Every state is different though with how it works. I actually opened up my LLC on my own and just paid the initial fees to do it which were i think less then $100. If you pay a lawyer or someone else to do it then the price goes up a lot.

  3. Thank you for sharing your quest!
    I am in a very similar path, but a lot further back.
    Being in an european country everything is way different, laws, taxes, mortgages, ratio purchase price/rent, etc. But I like reading your feedback as it is very encouraging.
    Glad everything worked fine for you during the pandemic.

    • Thanks brother! Yeah I bet is an entirely different beast across the ocean for real estate. I hope you continue and do well!

    • Hey Brian!! Long time bud!! Hope youre doing well!! What happened to Debt Discipline??

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