The Real Estate Financial Planner Blueprint™
29 Billings, Montana Nomad™ Starting with $0
Purchased Billings, Montana Nomad™ Property - $0 Start 10 Property
Bought in Month 825
We have a Rule that has you buying the Billings, Montana 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 825 after we've adjusted for all the income and expenses for the entire month.
To purchase the Billings, Montana Nomad™ Property - $0 Start 10 Property, we're assuming you're getting a 5% down payment loan. With a $2,328,689.03 purchase price that means you need to have $116,434.45 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($23,286.89) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $116,434.45 |
Rent Ready Costs | $0 |
Closing Costs | $23,286.89 |
Seller Concessions | $0 |
Total Cost To Close: | $139,721.34 |
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 |
---|---|---|---|---|---|---|
$70,033 | $116,840 | $0 | $0 | $4,473 | $191,346 | |
$70,033 | $117,608 | $0 | $0 | $4,480 | $192,121 | |
$70,033 | $114,559 | $0 | $0 | $4,453 | $189,045 | |
$70,033 | $115,695 | $0 | $0 | $4,463 | $190,191 | |
$70,033 | $116,457 | $0 | $0 | $4,470 | $190,960 | |
$70,033 | $116,840 | $0 | $0 | $4,473 | $191,346 | |
$70,033 | $114,937 | $0 | $494 | $4,456 | $189,920 | |
$70,033 | $39,567 | $64,674 | $6,404 | $10,419 | $191,097 | |
$70,033 | -$21,284 | $31,021 | $11,855 | $15,523 | $107,148 | |
$70,019 | $0 | $22,605 | $0 | $16,797 | $109,420 | |
Totals: | $700,316 | $831,219 | $118,300 | $18,754 | $74,007 | $1,742,595 |
* 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