HI All,
Long time lurker, finally joined.
29 and wife is 27, one young child, less than a year
Personal Assets
Combined Retirement: 240k
Cash/Emergency Fund: 70k
Primary Residence: 450k home, owe 350k
529 funded and college should be taken care of
Wife carries medical for us
Current Living Expenses around 70k/ year
Combined Compensation from day jobs: 140k
Real Estate Portfolio
Cash reserves of 1 year expenses
2.7 million in rental property, 1.5 in debt
Grossing 450k year in rents, Net 130k-150k after all expenes, capex and debt service. Also reducing debt by 5k a month and will increase with amortization.
*Full time office manager and contract all maintenance. Very involved in day to day while at day job
The majority of our NW has come from real estate and that's my focus. We live in an excellent rental market and have been on a buying spree since the economic downturn in 2008, slowing down now that prices are rising. Buying less, but what purchased at a discount is continuing to increase in value.
At a crossroads in my career. I turn in an above average performance each year but I am an entrepreneur stuck in a day job. On the flip side, the day job and forced me to build a very efficient management model for our portfolio and I am pretty self sufficient doing both currently. However, I don't really invest a ton of time in corporate career development as I don't have the time an Don't want the additional responsibility of a promotion to be honest.
Looking forward to reading these forums closer and welcome any and all feedback from other folks who have used alternate investments as their exit strategy.
Long time lurker, finally joined.
29 and wife is 27, one young child, less than a year
Personal Assets
Combined Retirement: 240k
Cash/Emergency Fund: 70k
Primary Residence: 450k home, owe 350k
529 funded and college should be taken care of
Wife carries medical for us
Current Living Expenses around 70k/ year
Combined Compensation from day jobs: 140k
Real Estate Portfolio
Cash reserves of 1 year expenses
2.7 million in rental property, 1.5 in debt
Grossing 450k year in rents, Net 130k-150k after all expenes, capex and debt service. Also reducing debt by 5k a month and will increase with amortization.
*Full time office manager and contract all maintenance. Very involved in day to day while at day job
The majority of our NW has come from real estate and that's my focus. We live in an excellent rental market and have been on a buying spree since the economic downturn in 2008, slowing down now that prices are rising. Buying less, but what purchased at a discount is continuing to increase in value.
At a crossroads in my career. I turn in an above average performance each year but I am an entrepreneur stuck in a day job. On the flip side, the day job and forced me to build a very efficient management model for our portfolio and I am pretty self sufficient doing both currently. However, I don't really invest a ton of time in corporate career development as I don't have the time an Don't want the additional responsibility of a promotion to be honest.
Looking forward to reading these forums closer and welcome any and all feedback from other folks who have used alternate investments as their exit strategy.