Received notice of our final ESOP allocation and resulting payout. Putting this full value on the books now that everything appears official.
Making note of my goals for 2016 below. I achieved #2 and #3 (actually, killed #2 by being involved in 30 transactions in 2016). Huge miss on goal #1...only added 1 rental unit. Time to start thinking about goals for next year!
Goals for 2016:
1 - Acquire 10 new rental units.
2 - Be involved with 6 RE transactions (representing seller or buyer).
3 - $650k net worth by end of 2016...that will represent 100% of my expected W2 base income added to net worth.
Debt-to-assets = 47.54%
Primary = 15 year, 2.825% fixed, 15 years left
Rental #1 = 15 year, 3.875% fixed, 10 years remaining (April)
Rental #2 = 30 year, 4.75% fixed, 26 years remaining (July)
Rental #3 = 15 year, 3.875% fixed, 10 years remaining (April)
Rental #4 = 30 year, 5.125% fixed, 23 years remaining (Sept)
Rental #5 = 10 year, 4.125% 3 year balloon, 9 years remaining
Rental #6 = 10 year, 4.125% 3 year balloon, 9 years remaining
Legend:
"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 |