The Real Estate Financial Planner Blueprint™
29 Billings, Montana Nomad™ Starting with $0
Purchased Billings, Montana Nomad™ Property - $0 Start 7 Property
Bought in Month 465
We have a Rule that has you buying the Billings, Montana Nomad™ Property - $0 Start 7 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 465 after we've adjusted for all the income and expenses for the entire month.
To purchase the Billings, Montana Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $959,389.05 purchase price that means you need to have $47,969.45 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($9,593.89) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $47,969.45 |
Rent Ready Costs | $0 |
Closing Costs | $9,593.89 |
Seller Concessions | $0 |
Total Cost To Close: | $57,563.34 |
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 |
---|---|---|---|---|---|---|
$28,853 | $48,137 | $0 | $0 | $1,843 | $78,832 | |
$28,853 | $48,453 | $0 | $2,444 | $1,846 | $81,596 | |
$28,853 | $10,940 | $21,883 | $3,112 | $4,735 | $69,523 | |
$28,853 | $3,944 | $17,503 | $3,753 | $5,336 | $59,388 | |
$28,853 | -$4,613 | $14,040 | $4,514 | $6,049 | $48,843 | |
$28,853 | -$13,133 | $11,702 | $5,259 | $6,744 | $39,424 | |
$28,847 | $0 | $9,313 | $0 | $6,920 | $45,080 | |
Totals: | $201,963 | $93,728 | $74,440 | $19,081 | $33,473 | $422,686 |
* 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
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
- 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
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports