October 2015 Net Worth Update

This is my official October 2015 Net Worth Update.   Below are my actual numbers for ALL my investments and liabilities as of 10/31/2015.  Explanations and quick summary below chart.  If you would like to see my previous months net worth posts, please visit my Net Worth Tracker.

net worth spreadsheet October 2015


TOTAL NET WORTH:  $336,161


Quick Summary:  +$6,462

October has been a super busy month for me.  My day job has been keeping me busier then ever which is a burden on this blog.   I did not have the time to write as many blog posts as I wanted to because of this.  Let’s see, what else, my girlfriend and I took a trip to Phoenix and the Grand Canyon which was amazing!  Pictures do not do the Grand Canyon justice.  Yes that is me in the pic below there and yes that really is my face!! 😉   That place is so immense and amazing it truly is a beautiful site.  And if you noticed in the net worth image above, there is a new line on there for “Property #7”.  That’s right people! I have officially bought my 4th turnkey rental property.   Very exciting to add another asset to my portfolio.

And most importantly, my net worth grew by a nice $6k.  The main reasons this went up is because at the time I am writing on this, my day job pay check is included which normally is not at the end of the month when I write this.  Because of the weekend, they deposited the income earlier and so now it’s showing up on this report.  On top of that, my stocks (options and 401k) went up a little bit which helps.


AssetsExplanations of each of my assets.

Cash:  -$8,199

I took a drastic hit in liquid cash but that is because I used over 13k of it as a down payment to pay for my newest rental property.   I am absolutely okay with using this money to buy more income generating assets so this is a good thing.  When you look at the Personal Capital chart below you will see a dent from when I used the funds.

My cash as noted above in the spreadsheet constitutes of two different checking accounts.  My normal checking account and my REI (Real Estate Investing) checking account.   This is now my 6th month posting my net worth.       Satisfied!

HSA account:  +$66

My HSA deductible is $1300 for the year and I have close to $5k in this account so with that being said I am only taking a very small amount out from my dreadful day job paycheck to fund this account.  Any money after that deductible will just sit in that account not making me money.  I know I can use the money that I don’t put in there to get better returns as long as I invest it in more real estate.  This number should increase each month a tiny bit.   Satisfied!

Company Stock Options:  +$394

After 2 months in a row of negative losses on these stock options, they are finally going back up.  I was starting to worry there for a minute and although this isn’t a huge increase, its a step in the right direction which I love.  These are stock options from my day job.  I am fully vested.   I am not planning on selling this stock and will just hold it for the long haul so whether it goes up or down it is not really affecting my life.  It is pretty much only affecting my net worth updates.    Satisfied!

401K:  +$535

Whoooopeee!  My 401k is finally started to go back up again after also posing negative losses in the last 2 months.   It’s not really a big deal anyways because such a little amount of money in this account.  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.  I really don’t like the idea of having an account that punishes me to take money out because of age.  Not Satisfied!

Property # 1

Rent paid on time.  No repairs or issues for the month of October.  This is my primary residence.  The market I live in is extremely hot and I expect the appreciation on this house to continue to grow however I will only update the market value once a year, the next time being probably at the end of 2015.  I have it listed as a conservative $240k right now based on MLS comparisons in my neighborhood.  If I were to sell it I know I could get at least 250k for it but ill stick with  240k for the spreadsheet to be safe.  Satisfied!  Here are more details on this future investment property.

Property # 2

Rent paid on time.  No repairs or issues for the month of October.  This is my first rental property.  It used to be my primary residence.  I expect gradual appreciation from this property as well because it is in the suburbs of this HOT market I live in.  Love me some HOT markets! 150K is about what its worth now based on MLS comparisons.  I will update the market value of this property in early 2016.    Super Satisfied!

Property # 3

Rent paid on time.  No issues or repairs.   This is my first turnkey rental property I purchased out-of-state.  I do not expect much appreciation on this property.  I purchased this for CASH FLOW purposes only.     Satisfied!

Property # 4

Rent paid on time.  No issues or repairs for the month of October.  I was however contacted by my property manager and was told they are making some changes to the company and how they do business.  The changes were all positive and they hired some additional staff.  This my 2nd turnkey rental property.   I do not expect much appreciation on this property.  I purchased this for CASH FLOW purposes only.    Satisfied!

Property # 5

Mortgage paid on time.  No issues.   This is a note that I own from a house that I sold via owner finance.   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.  Satisfied!

Grow your net worth today with your FREE Personal Capital account.

Property # 6

I got October rent paid on time.  This tenant however reported a break in to the detached garage on this property.  It will cost me anywhere from $100 to $200 to repair the damages however it won’t be fixed until early November so it will not make a financial impact in October’s passive income report.  This is my 3rd turnkey rental property, I purchased it in early June 2015 and I absolutely love this house.  I do not expect much appreciation on this property.  I purchased this for CASH FLOW purposes only. Satisfied!

Property # 7

This is my most recent turnkey rental property, I just bought this in late October.   The first month’s rent has been been paid on time.  Obviously no issues or repairs on this one as it is brand spanking new.  I purchased this property also for CASH FLOW purposes only.  I am not expecting appreciation gains on this one.  Satisfied!

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!

Car Loan

I purchased this vehicle before I had the proper knowledge on how to be totally awesome with finance and investments so that is the only reason why I have this loan.  If I knew then what I knew now, i would have purchased a used vehicle all cash.  It is not worth it to me to pay this loan off because the interest rate on this loan is 2% and I would rather use that money to buy more rentals where I will make a much greater return.  I will continue to pay it down slowly.  Satisfied!

Last 30 days net worth graph from Personal Capital

I really do love this chart, it looks great and its nice and big.  As you can see there is a big fat dip toward the end and that is when I used the cash out of my checking account to pay for the down payment and closing costs on my newest rental property.  It quickly went back up after I added that asset to my Personal Capital account.

net worth october 2015


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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.


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Cash Flow Diaries


  1. Congrats on snagging that last property. I’m thinking that I need to start exploring turnkey rentals more in depth. I always assumed that the rate of return would be lower since the turnkey provider has to make a profit as well but it appears that the returns are still nice and juicy. I’ll almost always take real estate that provides a 10+ cap rate over the stock market. Even if the market melts down, real property will still be there. People will always need a place to live. Obviously if you’re buying to flip or appreciate, that’s just as dangerous as the market.

    • Hi Mr Benny! Wise words spoken my friend. That is exactly the way I feel about real estate. Its true you can find good returns on “some” turnkeys but I would say that most of the inventory out there is not like this. Takes patience and a lot of interviewing/scouring turnkey providers to find good ones.

      Thanks for commenting!

    • Hi Steve! Man! Somehow all your comments got put into my spam filter. Sorry about that, I just released them. I appreciate the comments and am happy to hear you know what Im talking about when I say pictures dont do the grand canyon justice. I want to go back but for a few days and try do some hiking. That would be cool!

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