|Tax man came this month...sigh.
I will adjust the value of the company stock next month...I project that I will receive 157 additional shares making a total of 550 shares likely valued at $125 per share, now 80% vested. Stock balance now likely $68,750, with $55,000 vested. My wife's shares are not included in this calculation since she is only 20% vested. I love the power of equity!
Also refinanced two investment properties this month, pulling $20k in cash out. I am updating one of the houses with some required maintenance items (roof, electrical box, flooring) and some improvements (kitchen, closet, relocating laundry facilities, etc). Hope to have about $8k in cash after the renovation is complete. These changes should improve rent on house #1 by $100-125 per month which should create a 15-20% return on the spend and increase the value proportionately.
Also, moved the amortization down on houses #4 and #5 from 15 to 10 years. I was already paying extra each month so no net change in monthly cash flow. Monthly cash flow is fine right now and this change should allow more options in the future as I approach the pivotal "by 45" goal. If held to these amortization schedules, these two small houses should be able to pay off the other two (#1 and #3) in the last year leading up to goal of being a millionaire & walking away from a traditional job by age 45.
Projecting debt-to-assets = 55.52%
Primary = 15 year, 2.625% fixed, 13 years left
Rental #1 = 15 year, 3.875% fixed, 12 years remaining
Rental #2 = 30 year, 4.75% fixed, 27 years remaining
Rental #3 = 15 year, 3.875% fixed, 12 years remaining
Rental #4 = 30 year, 5.125% fixed, 24 years remaining
Rental #5 = 10 year, 4.125% 3 year balloon, 10 years remaining
Rental #6 = 10 year, 4.125% 3 year balloon, 10 years remaining
"Stocks" = Vested balance in company stock
"Bonds" = Personal Emergency fund
"Annuities" = Investment Property Savings (minus security deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages
"Other Debts" = Hard money loan for rental property rehab|