Year in Review of My 2023 Investments
About 3.5 years ago, I set a goal to reach $10 million by age 40. However, I set this goal when I lived in an expensive city in Silicon Valley, where median home prices exceeded $1 million. In the specific neighborhood I lived in within that city, homes were easily above the $2 million mark! Now that I live in a town with a lower cost of living in the Dallas metro, it would be tempting to lower that goal. However, I still believe reaching $10 million by 40 is attainable. To help accomplish this goal, I compare my investment performance to the S&P 500’s and Nasdaq’s at the end of every year. In this post, I will share my comparisons and see how my investments fared in 2023.
Ways to Evaluate Rental Properties
There are many factors to consider when evaluating a prospective rental property. While it largely comes down to a numbers game, there are other factors that are important that math can’t highlight. In this article, we will learn about a few ways to quickly evaluate properties at scale, how I scrutinize a prospective property in greater detail, and list out other important factors that are crucial to building a successful buy-and-hold rental portfolio.