I am currently worth €120866.81 (this is 18.04% of my first goal of €670K).

monthly update income net worth november

Given that I’ve hit €30k in interest-bearing accounts, I will invest my monthly savings into P2P loans and the stock market.

I have finally started to drop some cash on RP#3, which I closed last month. I haven’t started to renovate the property, but I already bought the appliances, for which I spent over €3000. As we’re talking about brand new appliances with 2-year warranty, I decided to consider its value in the property value.

 

I went online and posted the units as they are, so I start to build some user database. They attracted far less attention than I anticipated. However, they are not renewed and this market is very seasonal – it gains considerably more traction around May, due to new students in the city. At least, the other properties are cash flowing well!

Next month

  • I may continue to negotiate another 5-unit building.
  • I will finally pre-pay (total of €3000) a part of the mortgage on RP#2.
  • I will really try to generate €500 of online income.
  • I will try harder to rent out 3 units of the new building (this will include some renovation works, which I hope to finish by the third week of the month).
  • I will continue to invest into renovation works and furniture for the new units (of RP#3).

Ben