My main goal* was to build an investment and cash portfolio of $1,120,000* in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share my numbers.
Our portfolio moved up $119,622 in January.
$50,000 of this was accounted for by my annual update of our home’s value. The other $69,622 was because of investment portfolio appreciation.
Home: Up $50,000
We almost didn’t buy our home. We had just moved out of a neighborhood that we hated, so were leery of buying another house in an unfamiliar city. We had moved to Colorado from the Midwest and were planning on moving back.
Our plans changed after we found a home that was a good live-in flip candidate. After the home was fixed up, we’d rent or sell it if we didn’t like the neighborhood and wanted to move on.
We bought the home for $175,000. It was a dump, so we threw $100,000 and a whole lot of time (too much time) into rehabbing it. During the same period, real estate went bonkers in our neighborhood.
In 2014, a home similar in size to ours and also in poor condition came on the market for $440,000. I thought that it was ridiculously overpriced. $300,000 was reasonable, but then it sold for $375,000 anyway. The new owner fixed it up and listed it in 2017 for $600,000. I thought that price was crazy too, but then it sold for $580,000.
The $580,000 home is slightly larger than ours and has a bigger lot, but we have 4 bedrooms. Mr. $580,000 has 3. Also, all of our space is above grade while some of the this home’s space is