March went by so quickly that I didn’t even notice. LOL 🙂 However, I did notice a huge bump in my passive income.
Dividends from 3 companies: $49.10
Income from Midwest Rental the $77K investment: $700
Income from Commercial Rental: $2000
Income from 1 of 2 unit: $1000
March Total: $3749
So far in 2017 total: $6179.58
If I leave my investments alone and included my take home income from last year, my portfolio would worth $450K, I would have generate $18,000 with 4% yield. But my yield was around 2% so it would have only be $9,000. So, by shifting my investment, so far this year income is beating last year dividend income.
Additional income requires additional work:
I still have one unit that is empty. I’m changing my strategy now to make a partition wall, that doesn’t go up to the ceiling, so I can get away with applying for a permit. That way it’ll go from 2-bedroom to 3-bedroom apartment. The partition wall will give natural light from the former livingroom to the dinning room. Yup! So, I can safely add additional $250/mo income if I was going to rent the 2-bedroom out for $1000. With that said, it will be busy in the next couple of week for me.
Am I giving up on dividend income?
No, I’m not giving up, I’m just currently cash poor :P. I’m still waiting for my cash to come back.
I had poured all the money into rental property investment, what if the stock market collapse?
My 2 investments are paid in full. So, I only need to focus on insurance and taxes for them. If needed be, I might refinance to get some money out to invest in the stock market??!! I bought them for 1/3-1/2 of the current going rate. I figured I could still take all of my investment out, to follow the “no skin in the game” strategy. I’m not sure.