The Real Estate Financial Planner Blueprint™
29 Los Angeles, California Nomad™ Starting with $0
Purchased Los Angeles, California Nomad™ Property - $0 Start 5 Property
Bought in Month 506
We have a Rule that has you buying the Los Angeles, 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 506 after we've adjusted for all the income and expenses for the entire month.
To purchase the Los Angeles, California Nomad™ Property - $0 Start 5 Property, we're assuming you're getting a 5% down payment loan. With a $3,229,788.06 purchase price that means you need to have $161,489.40 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($32,297.88) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $161,489.40 |
Rent Ready Costs | $0 |
Closing Costs | $32,297.88 |
Seller Concessions | $0 |
Total Cost To Close: | $193,787.28 |
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 |
---|---|---|---|---|---|---|
$97,133 | $155,955 | $0 | $8,229 | $4,089 | $265,406 | |
$97,133 | $31,470 | $72,594 | $10,606 | $13,966 | $225,768 | |
$97,133 | -$7,668 | $53,163 | $13,770 | $16,895 | $173,293 | |
$97,133 | -$47,981 | $40,688 | $17,230 | $20,120 | $127,190 | |
$97,113 | $0 | $31,352 | $0 | $21,411 | $149,876 | |
Totals: | $485,643 | $131,776 | $197,796 | $49,836 | $76,482 | $941,533 |
* 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 $19,000 and a Ideal Target Monthly Income in Retirement™ of $29,000 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
- 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
- Achieved Financial Independence Goal
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Final Month Summary
Reports