The Real Estate Financial Planner Blueprint™
Santa Barbara, California Nomad™

Purchased Typical Santa Barbara, California Nomad™ Property 8 Property
Bought in Month 1081

We have a Rule that has you buying the Typical Santa Barbara, California Nomad™ Property 8 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 1081 after we've adjusted for all the income and expenses for the entire month.

To purchase the Typical Santa Barbara, California Nomad™ Property 8 Property, we're assuming you're getting a 5% down payment loan. With a $24,336,849.54 purchase price that means you need to have $1,216,842.48 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($243,368.50) minus any seller concessions ($0).

Description Amount
Down Payment $1,216,842.48
Rent Ready Costs $0
Closing Costs $243,368.50
Seller Concessions $0
Total Cost To Close: $1,460,210.97

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
Typical Santa Barbara, California Nomad™ Property 1 $731,906 $843,817 $0 $0 $24,481 $1,600,205
Typical Santa Barbara, California Nomad™ Property 2 $731,906 $833,671 $0 $0 $24,391 $1,589,968
Typical Santa Barbara, California Nomad™ Property 3 $731,906 $859,226 $0 $0 $24,618 $1,615,750
Typical Santa Barbara, California Nomad™ Property 4 $731,906 $841,271 $0 $62,009 $24,459 $1,659,645
Typical Santa Barbara, California Nomad™ Property 5 $731,906 -$149,292 $512,755 $84,367 $103,028 $1,282,765
Typical Santa Barbara, California Nomad™ Property 6 $731,906 -$318,699 $418,644 $99,997 $117,710 $1,049,558
Typical Santa Barbara, California Nomad™ Property 7 $731,906 -$591,418 $322,295 $124,508 $140,670 $727,960
Typical Santa Barbara, California Nomad™ Property 8* $731,758 $0 $236,238 $0 $158,326 $1,126,322
Totals: $5,855,101 $2,318,576 $1,489,931 $370,881 $617,684 $10,652,173
* 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 $34,000 and a Ideal Target Monthly Income in Retirement™ of $51,000 at the time of achieving your  Goal of financial independence, let's look at the Phases of Financial Independence™.

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