The Real Estate Financial Planner Blueprint™
29 Bakersfield, California Nomad™ Starting with $0
Purchased Bakersfield, California Nomad™ Property - $0 Start 9 Property
Bought in Month 419
We have a Rule that has you buying the Bakersfield, California Nomad™ Property - $0 Start 9 Property even if your Account balance in the All-In-One Account Earning 7%/year, Start with $0 Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year, Start with $0 Account from the start of the Scenario to Month 419 after we've adjusted for all the income and expenses for the entire month.
To purchase the Bakersfield, California Nomad™ Property - $0 Start 9 Property, we're assuming you're getting a 5% down payment loan. With a $936,796.22 purchase price that means you need to have $46,839.81 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,367.96) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $46,839.81 |
Rent Ready Costs | $0 |
Closing Costs | $9,367.96 |
Seller Concessions | $0 |
Total Cost To Close: | $56,207.77 |
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 |
---|---|---|---|---|---|---|
$28,173 | $57,575 | $0 | $2,387 | $1,638 | $89,773 | |
$28,173 | $24,997 | $24,677 | $2,693 | $4,137 | $84,677 | |
$28,173 | $20,113 | $21,118 | $3,069 | $4,483 | $76,955 | |
$28,173 | $14,892 | $17,861 | $3,531 | $4,916 | $69,373 | |
$28,173 | $9,784 | $15,465 | $3,984 | $5,339 | $62,746 | |
$28,173 | $3,490 | $13,391 | $4,495 | $5,813 | $55,363 | |
$28,173 | -$2,794 | $11,698 | $5,035 | $6,316 | $48,428 | |
$28,173 | -$13,880 | $10,524 | $5,502 | $7,339 | $37,657 | |
$28,167 | $0 | $9,093 | $0 | $6,524 | $43,785 | |
Totals: | $253,553 | $114,176 | $123,827 | $30,696 | $46,505 | $568,756 |
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 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
- 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
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports