The Real Estate Financial Planner Blueprint™
29 Long Beach, California Nomad™ Starting with $0
Purchased Long Beach, California Nomad™ Property - $0 Start 5 Property
Bought in Month 686
We have a Rule that has you buying the Long Beach, California Nomad™ Property - $0 Start 5 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 686 after we've adjusted for all the income and expenses for the entire month.
To purchase the Long Beach, California Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $4,201,969.27 purchase price that means you need to have $210,098.46 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($42,019.69) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $210,098.46 |
Rent Ready Costs | $0 |
Closing Costs | $42,019.69 |
Seller Concessions | $0 |
Total Cost To Close: | $252,118.16 |
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 |
---|---|---|---|---|---|---|
$126,370 | $150,474 | $0 | $0 | $4,741 | $281,585 | |
$126,370 | $150,940 | $0 | $10,706 | $4,745 | $292,761 | |
$126,370 | -$37,271 | $77,793 | $16,234 | $19,885 | $203,011 | |
$126,370 | -$90,313 | $58,326 | $20,667 | $24,004 | $139,054 | |
$126,344 | $0 | $40,789 | $0 | $27,755 | $194,888 | |
Totals: | $631,824 | $173,830 | $176,907 | $47,607 | $81,131 | $1,111,300 |
* 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 $16,000 and a Ideal Target Monthly Income in Retirement™ of $24,000 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
- 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports