pre-year-end accounting....

The year, is finally coming to the end. Sadly, we just found one of our friend is moving back to Philadelphia. They originally move from Connecticut 5 years ago, work for a major local orthopedic company as director of tax accounting, bought my old house (5 car garage, I still love the house), their son and my daughter going same school and same grade, so we become friends, we share a same pier spot by my house.

This year, the 3 major orthopedic companies, all launched a year-end layoff, eliminated about 300 middle management positions..of course, my friend is one of them...so they put their house back on the market, and will be moving by Xmas time.

These 3 companies, accounts for 60% of local employment, either directly or indirectly. luckily, they announced there will be more capital expenditures in 2012, adding more local positions. As most all the local work forces are in assembly lines, and most R&D, middle level management people are outsiders.

I am foreseeing next year, high-end houses will continue to face pressure locally, while low - medium range rental will still in demand.

2011, will be my best year ever (don't think it will happen again), due to combinations of varies things. To mark this unbelievable year, I must say thanks to all my partners, and my 2 generous insurance companies, and I am so glad I don't have to face unexpected surprise like my friend did at Xmas time.

Kids will be out of school after next week, life to me, is still beautiful...

2011 performance

--Realized--> don't know yet.


--Unrealized –

RE - Landlord (burn complex + house, insurance money not realized)- $167,000

RE - Landlord (Equity Gain from rehab) --------------------------- $0

RE - Landlord (new complex, partnership, equity gain) ---------- $314,000

RE - Landlord (Principle Pay Down) --------------------------- $146,000

RE – Land Development (50% ownership) ----------------------- $9700

RE - Landlord (3% local appreciation of 8.3mil Property values) --- $249,000

RE – Florida Land Partnership (33.3% ownership) ------------ $0

Mutual Fund / Stock (too small to worry)--------------------------- $???



Total Unrealized income ------------------------------------- $885,700

所有跟帖： 

• moving is more difficult for the kids. sorry to hear the news. -392- ♂ (0 bytes) () 12/11/2011 postreply 12:34:38

• yeah, hard to break in after middle school.. -jy101- ♂ (40 bytes) () 12/11/2011 postreply 14:55:41

• you are a low income rich guy -jjj7- ♂ (85 bytes) () 12/11/2011 postreply 12:46:05

• haha, shake hands.. -jy101- ♂ (0 bytes) () 12/11/2011 postreply 14:56:24

• Wow! Congratulations! -cultuslake- ♂ (0 bytes) () 12/11/2011 postreply 13:12:29

• yeah, school out, vacation time... -jy101- ♂ (0 bytes) () 12/11/2011 postreply 15:03:34

• a lot of paper gain. :-) -planotx- ♂ (100 bytes) () 12/11/2011 postreply 13:55:12

• this is why he is low income. -sweetptt- ♂ (0 bytes) () 12/11/2011 postreply 14:08:30

• can't afford to realize in my life time... -jy101- ♂ (42 bytes) () 12/11/2011 postreply 14:50:02

• yah, likfe my wife said... -jy101- ♂ (50 bytes) () 12/11/2011 postreply 14:48:00

• BSO !! BSO !!!! -noconfusion- ♂ (0 bytes) () 12/11/2011 postreply 14:06:16

• hehe.... -jy101- ♂ (0 bytes) () 12/11/2011 postreply 15:15:26

• Congratulation! -小心翼翼的小地主- ♀ (0 bytes) () 12/11/2011 postreply 14:29:24

• thanks.. -jy101- ♂ (0 bytes) () 12/11/2011 postreply 15:16:00

• nice! congratulations! -美蓝海- ♀ (0 bytes) () 12/11/2011 postreply 15:13:47

• yah, thanks.. -jy101- ♂ (0 bytes) () 12/11/2011 postreply 15:17:35

• great, but why the insurance money is considered unrealized inco -happyfolk- ♂ (524 bytes) () 12/11/2011 postreply 15:51:25

• 1. we have surplus near 300k from 2 fire claim.. -jy101- ♂ (344 bytes) () 12/11/2011 postreply 16:27:22

• got it, thanks -happyfolk- ♂ (179 bytes) () 12/11/2011 postreply 19:19:20

• 未到秋收之前或者都只是一盘帐，然而丰收是可以预期的，恭喜您！ -梁山sl- ♂ (0 bytes) () 12/11/2011 postreply 16:51:48

• 回复：pre-year-end accounting.... -宇飞- ♂ (405 bytes) () 12/11/2011 postreply 18:17:18

• 恭喜，恭喜！我今年 -如山- ♂ (136 bytes) () 12/11/2011 postreply 20:38:37

• 那你是那1%er了! 恭喜. 不过你的: local appreciation rate从哪里来的呢? 我怎么查我这里的升浆比例 -小糊涂仙儿- ♀ (0 bytes) () 12/11/2011 postreply 21:00:45

• 恭喜！多谢分享。 -凤城- ♀ (0 bytes) () 12/12/2011 postreply 00:11:47

• 咳咳。。。先要感谢国家感谢领导撒 ：） -老黄牛888- ♂ (0 bytes) () 12/12/2011 postreply 12:31:17