The Real Estate Financial Planner Blueprint™
29 Greeley, Colorado Nomad™ Starting with $0
Purchased Greeley, Colorado Nomad™ Property - $0 Start 6 Property
Bought in Month 536
We have a Rule that has you buying the Greeley, Colorado Nomad™ Property - $0 Start 6 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 536 after we've adjusted for all the income and expenses for the entire month.
To purchase the Greeley, Colorado Nomad™ Property - $0 Start 6 Property, we're assuming you're getting a 5% down payment loan. With a $1,479,308.46 purchase price that means you need to have $73,965.42 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($14,793.08) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $73,965.42 |
Rent Ready Costs | $0 |
Closing Costs | $14,793.08 |
Seller Concessions | $0 |
Total Cost To Close: | $88,758.51 |
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 |
---|---|---|---|---|---|---|
$44,489 | $66,121 | $0 | $0 | $1,939 | $112,548 | |
$44,489 | $66,724 | $0 | $3,769 | $1,944 | $116,926 | |
$44,489 | $3,688 | $30,265 | $5,256 | $6,828 | $90,526 | |
$44,489 | -$15,371 | $21,841 | $6,909 | $8,370 | $66,238 | |
$44,489 | -$27,426 | $18,256 | $8,029 | $9,423 | $52,771 | |
$44,480 | $0 | $14,360 | $0 | $9,918 | $68,757 | |
Totals: | $266,923 | $93,736 | $84,722 | $23,963 | $38,421 | $507,766 |
* 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