kinless' Net Worth for July 2020

Assets Value Change ($) Change (%)
Cash $145,259 $11,901 8.92%
Bonds $0 ($12,000) -
ULI Total Value $8,804 $1 0.01%
Retirement $187,369 $7,866 4.38%
Home $620,000 $2,000 0.32%
Other Real Estate $3,500 $3,500 -
Cars $2,200 - -
Personal Property $15,000 - -
Other Assets $0 - -
$982,132 $13,268 1.37%
Debts Value Change ($) Change (%)
Home Mortgage(s) $247,885 ($864) (0.35%)
Other Mortgage(s) $0 - -
Credit Cards $1,853 $74 4.16%
Car Loans $0 - -
Other Debts $0 - -
Total Debts $249,738 ($790) (0.32%)
Net Worth $732,394 $14,058 1.96%
*All values shown in USD ($)
Whelp, I did it.

After spending a few days canvasing neighborhoods and viewing properties, I am now under contract for a suburban home in Oro Valley, AZ (north of Tucson). It's a 4bd/3ba 2-story home in an upscale community, clocking in at 2575 sq ft. I was able to negotiate the price down a bit, with all appliances included, so it's definitely a solid deal. The house is in turn-key condition and I plan to utilize a property management firm to handle affairs.

This is the first of a 3-step "Operation Saguaro" plan. The ultimate long-term goal is to own 2 rental properties (this one being the first) in addition to my own residence I plan to purchase in the mid to far future at retirement. I figured it's best to plant some roots now while prices are cheaper and interest rates are at/near their floor. Gross return for this property will start at 8% which isn't too shabby, much better than any 1% sitting in a high interest rate account.

If all goes well, I'll be drastically changing some fields here for the August entry. That's all the news I have to share at this time. More to come next month...