1 Year Returns from a Triplex | PPhREI Network Roundup | 3-24-23

by The Darwinian Doctor

In this PPhREI roundup, we discuss how much is “enough”, we get an update on my rental empire, and also read a 1 year review of Jordan Frey’s 4th rental property.

This post may contain affiliate links.

Carpe Diem MD

In this post, Ian Cook, MD discusses the concept of “enough.” How much is enough education, enough money, or enough real estate? How much passive cash flow do you need to be financially independent?

For me, I’ve realized that this is a moving target that’s highly influenced by your position in your life journey. With a lot of dependents and a high quality of life, my family’s desired passive income number is pretty darn high. It’s been the adventure of a lifetime building the framework to get there, though. So for now, I feel that my answer to Dr. Cook is “more.”

Read the original post on the Carpe Diem MD blog: How Much is Enough?

The Darwinian Doctor

I publish a quarterly update on the growth of my real estate empire that I call “Anno Darwinii” (Year of the Darwinian). The post this past week on my blog was one of these updates. It marked 3.75 years of active investing. In it, I celebrated the milestone of hitting $600k revenue and 95% occupancy in our main portfolio in Indianapolis.

Gross revenue is quite different from profit, as a friend reminded me and I readily admitted. I’d estimate that our profit margin on that revenue was somewhere between 10-15%. After accounting for all expenses and the debt service, the top line number shrinks pretty fast!

Read the full report on the Darwinian Doctor blog: 95% Occupancy and $600k Revenue | Anno Darwinii 3.75

The Prudent Plastic Surgeon

In this post, Jordan Frey, MD reviews the one year performance of his 4th real estate property. I found this analysis very interesting, since it matches my experience fairly well. Long story short, he projected an incredible 22.8% cash on cash return, and actually got an 18% return.

I’ve also tended to underperform my initial cash flow projections, for similar reasons. Jordan cited plumbing and HVAC issues, which are the same types of expenses that sink my return.

He received $15k of cash flow over the year, but pointed out that this only tells part of the story. Real estate is such a powerful wealth creation machine, as I pointed out myself in this article: 5 simple steps to calculate your Real Return on rental property.

Jordan also discusses how he performed a cost segregation on the property and will be able to write off about $70,000 of income. If you want to learn more about cost segregation, read this: How a Cost Segregation with Engineered Tax Services got me a $105k Tax Refund.

I think Jordan hit it out of the park with this investment!

Read the original blog post on the Prudent Plastic Surgeon blog: One Year Real Estate Review of Investment Property #4

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