LF

Ludwig Financial Management System

Kurt S. & Kalen N. Ludwig  ·  1253 S Cape Point, West Des Moines, IA 50265
Live · as of 09/12/2025
Net Worth
$2,992,239
Total Assets minus Total Liabilities
Total Assets
$3,029,186
Cash, investments, RE equity, business, life ins., property
Total Liabilities
$36,947
Credit cards + auto loan (mortgages netted in RE equity)
Liquid Net Worth
$751,989
Cash + investments − credit card balances

Asset Allocation

By category, real estate at net equity

Net Worth Composition

Assets contribute up; liabilities subtract down

Liquid Position

Cash & investment accounts vs. credit card liabilities
BucketBalance
Cash & Bank Accounts$182,126
Investments & Retirement (NW Mutual + Corteva)$570,152
Credit Card Balances−$289
Liquid Net Worth$751,989

Real Estate at a Glance

$2.98M market value · $2.23M mortgages · $754K net equity

Compliance Snapshot

Next filings and tax deadlines
Entity / RequirementFilingStatusLast FiledNext DuePriority

Assets Breakdown

From Personal Financial Statement, dated 09/12/2025
CategoryDetailValue

Real Estate Portfolio

Market values, mortgages and equity by property

K Investments LLC

Long-term rentals · Twin Cedars Bank
Properties
2 (Triplex + Duplex)
Estimated Value
$1,700,000
Loan Balance
$1,337,150
Net Equity
$362,850
Monthly Payment
$9,278
Weighted Rate
7.02%

UO Investment LLC · Urban Oasis

Short-term rental (Airbnb) · Peoples Bank
Property
1380 McKinley Ave, Des Moines
Estimated Value
$560,000
Mortgage Balance
$522,913
Monthly Payment
$3,753
Net Equity
$37,087
BOIR
Filed 3/27/24

Business Interests

Ownership stakes and current valuations

Cash & Bank Accounts

US Bank + Twin Cedars Bank

Investment & Retirement

Northwestern Mutual + Corteva 401(k)

Life Insurance

Face amount and cash value

Credit Cards

Active balances
CardInstitutionBalance
KalenKurt Credit (…3286)US Bank$289.49
Credit Card (…2229)US Bank$40.00
NCS Real Estate Credit (…7779)US Bank$179.00
Amazon Prime (Chase)Chase$0.00
Target—$0.00
Total$508.49

Notes Payable

Auto loan (Lexus) · Bank of America
Creditor
Bank of America
Account
650-1006821077S
Balance
$36,767.70
Monthly Payment
$833.12
Interest Rate
5.59%
Maturity
09/26/2029
Auto-pay
Enrolled · acct …9883

Mortgages (netted in Real Estate equity)

Shown here for reference — they reduce property equity in the asset view above
PropertyLenderBalanceMonthly
Personal ResidenceChase$370,090$1,684
K Investments — 3-PlexTwin Cedars$720,192$5,150
K Investments — 2-PlexTwin Cedars$616,958$4,128
UO Investment LLCPeoples Bank$522,913$3,753
Total$2,230,153$14,715

Annual Income

From Income & Expenses sheet
Kurt Salary$80,000
Kalen Commission (avg)$275,000
Ground Breaker Homes Income$95,000
Real Estate Income$0
Investment Income$0
Other$0
Total$450,000

Annual Expenses (tracked)

Several categories still TBD in source
Mortgage / Rent$20,196
Real Estate Taxes$10,800
Insurance Payments$1,200
Vehicle Lease$3,600
Federal/State/Local Taxes—
Living Expenses—
Business Expenses—
Tracked Total$35,796

Cash Flow Summary

Income vs. tracked expenses · note expense categories are partially complete
Total Annual Income
$450,000
Tracked Annual Expenses
$35,796
Pre-tax Cash Flow (tracked)
$414,204
Annual Debt Service (mortgages + auto)
$186,575

Entity Management

LLC / Corp registrations and filing status

Compliance Tracking

Filings, statuses, and deadlines

Advisor Directory

Key professional relationships