The Real Estate Financial Planner Blueprint™
29 Long Beach, California Nomad™ Starting with $0
Purchased Long Beach, California Nomad™ Property - $0 Start 7 Property
Bought in Month 855
We have a Rule that has you buying the Long Beach, California Nomad™ Property - $0 Start 7 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 855 after we've adjusted for all the income and expenses for the entire month.
To purchase the Long Beach, California Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $6,371,530.80 purchase price that means you need to have $318,576.54 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($63,715.31) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $318,576.54 |
Rent Ready Costs | $0 |
Closing Costs | $63,715.31 |
Seller Concessions | $0 |
Total Cost To Close: | $382,291.85 |
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 |
---|---|---|---|---|---|---|
$191,617 | $228,175 | $0 | $0 | $7,189 | $426,982 | |
$191,617 | $228,881 | $0 | $0 | $7,196 | $427,694 | |
$191,617 | $230,298 | $0 | $16,234 | $7,208 | $445,358 | |
$191,617 | -$12,612 | $145,328 | $20,667 | $26,452 | $371,452 | |
$191,617 | -$72,478 | $110,574 | $25,987 | $31,430 | $287,131 | |
$191,617 | -$157,512 | $82,661 | $33,164 | $38,107 | $188,037 | |
$191,579 | $0 | $61,848 | $0 | $42,096 | $295,523 | |
Totals: | $1,341,283 | $444,752 | $400,411 | $96,052 | $159,679 | $2,442,176 |
* 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