The Real Estate Financial Planner Blueprint™
29 Irvine, California Nomad™ Starting with $0
Purchased Irvine, California Nomad™ Property - $0 Start 10 Property
Bought in Month 1031
We have a Rule that has you buying the Irvine, California Nomad™ Property - $0 Start 10 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 1031 after we've adjusted for all the income and expenses for the entire month.
To purchase the Irvine, California Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $14,107,602.17 purchase price that means you need to have $705,380.11 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($141,076.02) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $705,380.11 |
Rent Ready Costs | $0 |
Closing Costs | $141,076.02 |
Seller Concessions | $0 |
Total Cost To Close: | $846,456.13 |
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 |
---|---|---|---|---|---|---|
$424,272 | $642,984 | $0 | $0 | $18,715 | $1,085,971 | |
$424,272 | $627,584 | $0 | $0 | $18,578 | $1,070,434 | |
$424,272 | $625,680 | $0 | $0 | $18,561 | $1,068,513 | |
$424,272 | $627,584 | $0 | $0 | $18,578 | $1,070,434 | |
$424,272 | $642,984 | $0 | $0 | $18,715 | $1,085,971 | |
$424,272 | $644,931 | $0 | $35,945 | $18,732 | $1,123,880 | |
$424,272 | $164,650 | $371,619 | $40,556 | $56,465 | $1,057,563 | |
$424,272 | $83,267 | $315,228 | $46,555 | $61,954 | $931,276 | |
$424,272 | $41,449 | $278,625 | $51,629 | $66,838 | $862,813 | |
$424,186 | $0 | $136,942 | $0 | $94,664 | $655,792 | |
Totals: | $4,242,633 | $4,101,114 | $1,102,415 | $174,686 | $391,800 | $10,012,648 |
* 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 $23,000 and a Ideal Target Monthly Income in Retirement™ of $35,000 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
- 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
- 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
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports