The Real Estate Financial Planner Blueprint™
15 Buy 10 Nomads™ with 10% Higher Rents
Purchased Typical Arden-Arcade, California Nomad™ Property with 10% Higher Rents 10 Property
Bought in Month 807
We have a Rule that has you buying the Typical Arden-Arcade, California Nomad™ Property with 10% Higher Rents 10 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 807 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% Higher Rents 10 Property, we're assuming you're getting a 5% down payment loan. With a $3,636,138.24 purchase price that means you need to have $181,806.91 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($36,361.38) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $181,806.91 |
Rent Ready Costs | $0 |
Closing Costs | $36,361.38 |
Seller Concessions | $0 |
Total Cost To Close: | $218,168.29 |
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 |
---|---|---|---|---|---|---|
$109,353 | $184,281 | $0 | $0 | $4,826 | $298,461 | |
$109,353 | $183,200 | $0 | $0 | $4,817 | $297,370 | |
$109,353 | $184,824 | $0 | $0 | $4,831 | $299,009 | |
$109,353 | $181,587 | $0 | $0 | $4,802 | $295,742 | |
$109,353 | $182,123 | $0 | $0 | $4,807 | $296,283 | |
$109,353 | $184,281 | $0 | $7,721 | $4,826 | $306,182 | |
$109,353 | $62,467 | $98,350 | $10,224 | $14,332 | $294,726 | |
$109,353 | $49,158 | $86,674 | $11,366 | $15,397 | $271,948 | |
$109,353 | -$50,092 | $44,350 | $19,931 | $23,384 | $146,926 | |
$109,331 | $0 | $35,296 | $0 | $24,243 | $168,870 | |
Totals: | $1,093,510 | $1,161,829 | $264,670 | $49,242 | $106,267 | $2,675,517 |
* 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports