The Real Estate Financial Planner Blueprint™
29 Greeley, Colorado Nomad™ Starting with $0
Purchased Greeley, Colorado Nomad™ Property - $0 Start 10 Property
Bought in Month 1088
We have a Rule that has you buying the Greeley, Colorado 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 1088 after we've adjusted for all the income and expenses for the entire month.
To purchase the Greeley, Colorado Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $5,761,971.11 purchase price that means you need to have $288,098.56 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($57,619.71) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $288,098.56 |
Rent Ready Costs | $0 |
Closing Costs | $57,619.71 |
Seller Concessions | $0 |
Total Cost To Close: | $345,718.27 |
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 |
---|---|---|---|---|---|---|
$173,285 | $261,440 | $0 | $0 | $7,587 | $442,312 | |
$173,285 | $252,868 | $0 | $0 | $7,510 | $433,664 | |
$173,285 | $256,736 | $0 | $0 | $7,545 | $437,566 | |
$173,285 | $258,296 | $0 | $0 | $7,559 | $439,140 | |
$173,285 | $261,440 | $0 | $0 | $7,587 | $442,312 | |
$173,285 | $252,868 | $0 | $0 | $7,510 | $433,664 | |
$173,285 | $261,440 | $0 | $10,606 | $7,587 | $452,918 | |
$173,285 | -$5,223 | $107,303 | $22,152 | $28,158 | $325,675 | |
$173,285 | -$47,069 | $89,693 | $25,743 | $31,505 | $273,158 | |
$173,250 | $0 | $55,931 | $0 | $38,595 | $267,777 | |
Totals: | $1,732,819 | $1,752,796 | $252,927 | $58,501 | $151,143 | $3,948,187 |
* 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 $8,000 and a Ideal Target Monthly Income in Retirement™ of $12,000 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
- 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved 2 X Ideal Financial Independence Goal
- 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
- Final Month Summary
Reports