The Real Estate Financial Planner Blueprint™
06 Buy 10 Nomads™ with 10% Discounts
Purchased Typical Arden-Arcade, California Nomad™ Property with 10% Discount 8 Property
Bought in Month 449
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with 10% Discount 8 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 449 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Arden-Arcade, California Nomad™ Property with 10% Discount 8 Property, we're assuming you're getting a 5% down payment loan. With a $1,354,892.75 purchase price that means you need to have $67,744.64 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($13,548.93) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $67,744.64 |
Rent Ready Costs | $0 |
Closing Costs | $13,548.93 |
Seller Concessions | $0 |
Total Cost To Close: | $81,293.57 |
Since this is a Nomad™ Property, you are buying it, moving in and living there for at least a year before renting it.
You are moving into this property, so you are not collecting any rent on this property yet.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$45,275 | $67,606 | $0 | $0 | $1,921 | $114,802 | |
$45,275 | $68,218 | $0 | $3,385 | $1,926 | $118,804 | |
$45,275 | $17,165 | $31,919 | $4,194 | $5,902 | $104,455 | |
$45,275 | $7,419 | $25,380 | $5,082 | $6,754 | $89,910 | |
$45,275 | -$2,074 | $21,029 | $5,950 | $7,586 | $77,765 | |
$45,275 | -$15,776 | $17,423 | $6,966 | $8,538 | $62,426 | |
$45,275 | -$21,079 | $16,047 | $7,463 | $9,016 | $56,721 | |
$45,265 | $0 | $13,152 | $0 | $9,156 | $67,574 | |
Totals: | $362,187 | $121,480 | $124,950 | $33,039 | $50,800 | $692,457 |
* Denotes a property that had no rent for at least part of the period covered. |
Asset Allocation
How are assets allocated? Let's first look at this month.
And how have they looked over time up to this month?
Phases of Financial Independence™
With a Minimum Target Monthly Income in Retirement™ of $10,000 and a Ideal Target Monthly Income in Retirement™ of $15,000 at the time of achieving your
Blueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports