The Real Estate Financial Planner Blueprint™
29 Greeley, Colorado Nomad™ Starting with $0
Purchased Greeley, Colorado Nomad™ Property - $0 Start 8 Property
Bought in Month 896
We have a Rule that has you buying the Greeley, Colorado Nomad™ Property - $0 Start 8 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 896 after we've adjusted for all the income and expenses for the entire month.
To purchase the Greeley, Colorado Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $3,590,669.90 purchase price that means you need to have $179,533.50 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($35,906.70) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $179,533.50 |
Rent Ready Costs | $0 |
Closing Costs | $35,906.70 |
Seller Concessions | $0 |
Total Cost To Close: | $215,440.19 |
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 |
---|---|---|---|---|---|---|
$107,986 | $160,492 | $0 | $0 | $4,707 | $273,185 | |
$107,986 | $161,956 | $0 | $0 | $4,720 | $274,662 | |
$107,986 | $157,596 | $0 | $0 | $4,681 | $270,263 | |
$107,986 | $158,076 | $0 | $0 | $4,685 | $270,747 | |
$107,986 | $160,492 | $0 | $0 | $4,707 | $273,185 | |
$107,986 | $157,596 | $0 | $9,149 | $4,681 | $279,412 | |
$107,986 | $35,082 | $89,975 | $10,764 | $14,739 | $258,547 | |
$107,964 | $0 | $34,855 | $0 | $24,073 | $166,892 | |
Totals: | $863,864 | $991,292 | $124,830 | $19,913 | $66,992 | $2,066,891 |
* 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