|United States Dollar - USD|
|200,000 - 249,999|
|42 years old, happily married to a strong, smart, beautiful woman and raising a strong, smart, beautiful little girl. After spending 10 years in the Accounting & Finance industry, moved to real estate full-time in 2016. I have been investing in real estate for 20 years.|
|Why I Joined|
|I joined another similar site years ago (NetworthIQ) and enjoyed tracking my progress in building wealth. I originally liked the idea of seeing how I “stack up” against others. Now I don’t really care much about how I compare…just like to see the monthly progress towards my FI.|
|Best Financial Decision|
|When I decided to invest in income-producing real estate. I love every minute of it and have never looked back.|
|Worst Financial Decision|
|Too aggressive with individual stocks. I allowed myself to be too emotionally tied to my investments. Doubled down on several stocks when I should have just cut the loss.|
|Current Investing Strategy|
1- $10M sales
2-$2k gross monthly rent increases, $30k total monthly rent collected by year end.
3-LOC to zero
4-decrease tax bill by $15k
Mid Term Goal (by 45 aka: 1/1/2025):
1. 10 investment properties paid off.
2. NW = $3M
1. Replacing $5k per month income.
2. Increase savings to $100k (growth from investments)
|How do you manage your finances?|
|Personally oversee real estate investments, rely on robo-investing algorithm for retirement accounts.|
|What tools do you use?|
|QBO, Excel and access accounts online at least weekly.|
|Rich Dad Poor Dad, The Snowball, Millionaire Next Door, Advanced Tax Strategies for the Real Estate Investor.|