The Real Estate Financial Planner Blueprint™
29 Lawrence, Kansas Nomad™ Starting with $0

Purchased Lawrence, Kansas Nomad™ Property - $0 Start 8 Property
Bought in Month 438

We have a Rule that has you buying the Lawrence, Kansas 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 438 after we've adjusted for all the income and expenses for the entire month.

To purchase the Lawrence, Kansas Nomad™ Property - $0 Start 8 Property, we're assuming you're getting a 5% down payment loan. With a $738,266.87 purchase price that means you need to have $36,913.34 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($7,382.67) minus any seller concessions ($0).

Description Amount
Down Payment $36,913.34
Rent Ready Costs $0
Closing Costs $7,382.67
Seller Concessions $0
Total Cost To Close: $44,296.01

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
Lawrence, Kansas Nomad™ Property - $0 Start 1 $22,203 $39,232 $0 $0 $2,657 $64,091
Lawrence, Kansas Nomad™ Property - $0 Start 2 $22,203 $40,040 $0 $1,881 $2,664 $66,787
Lawrence, Kansas Nomad™ Property - $0 Start 3 $22,203 $12,099 $17,911 $2,274 $4,770 $59,257
Lawrence, Kansas Nomad™ Property - $0 Start 4 $22,203 $6,723 $14,368 $2,735 $5,201 $51,230
Lawrence, Kansas Nomad™ Property - $0 Start 5 $22,203 $2,126 $12,045 $3,171 $5,611 $45,156
Lawrence, Kansas Nomad™ Property - $0 Start 6 $22,203 -$4,554 $10,009 $3,703 $6,103 $37,464
Lawrence, Kansas Nomad™ Property - $0 Start 7 $22,203 -$15,983 $8,466 $4,262 $7,074 $26,020
Lawrence, Kansas Nomad™ Property - $0 Start 8* $22,198 $0 $7,166 $0 $6,429 $35,793
Totals: $177,616 $79,683 $69,966 $18,026 $40,508 $385,799
* 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 $7,000 and a Ideal Target Monthly Income in Retirement™ of $11,000 at the time of achieving your  Goal of financial independence, let's look at the Phases of Financial Independence™.

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