The Real Estate Financial Planner Blueprint™
09 Buy 10 Nomads™ with 10% Premium

Purchased Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 10 Property
Bought in Month 314

We have a Rule that has you buying the Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 10 Property even if your Account balance in the All-In-One Account Earning 7%/year Account has zero dollars. The following is a chart showing the balance of All-In-One Account Earning 7%/year Account from the start of the Scenario to Month 314 after we've adjusted for all the income and expenses for the entire month.

To purchase the Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 10 Property, we're assuming you're getting a 5% down payment loan. With a $328,742.20 purchase price that means you need to have $16,437.11 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($3,287.42) minus any seller concessions ($0).

Description Amount
Down Payment $16,437.11
Rent Ready Costs $0
Closing Costs $3,287.42
Seller Concessions $0
Total Cost To Close: $19,724.53

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
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 1 $8,988 $7,261 $8,142 $1,011 $1,976 $27,377
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 2 $8,988 $6,561 $7,859 $1,041 $2,000 $26,450
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 3 $8,988 $5,919 $7,432 $1,091 $2,046 $25,476
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 4 $8,988 $4,383 $6,474 $1,225 $2,168 $23,238
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 5 $8,988 $3,572 $5,824 $1,339 $2,277 $22,000
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 6 $8,988 $1,574 $5,132 $1,489 $2,412 $19,595
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 7 $8,988 -$314 $4,672 $1,611 $2,519 $17,476
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 8 $8,988 -$3,938 $4,141 $1,782 $2,865 $13,839
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 9 $8,988 -$6,491 $3,759 $1,933 $3,014 $11,202
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 10* $8,986 $0 $3,191 $0 $2,724 $14,901
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 1 $8,988 $7,261 $8,142 $1,011 $1,976 $27,377
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 2 $8,988 $6,561 $7,859 $1,041 $2,000 $26,450
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 3 $8,988 $5,919 $7,432 $1,091 $2,046 $25,476
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 4 $8,988 $4,383 $6,474 $1,225 $2,168 $23,238
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 5 $8,988 $3,572 $5,824 $1,339 $2,277 $22,000
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 6 $8,988 $1,574 $5,132 $1,489 $2,412 $19,595
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 7 $8,988 -$314 $4,672 $1,611 $2,519 $17,476
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 8 $8,988 -$3,938 $4,141 $1,782 $2,865 $13,839
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 9 $8,988 -$6,491 $3,759 $1,933 $3,014 $11,202
Typical Erie, Pennsylvania Nomad™ Property with 10% Premium 10* $8,986 $0 $3,191 $0 $2,724 $14,901
Totals: $179,752 $37,054 $113,251 $25,044 $48,002 $403,104
* 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 $5,000 and a Ideal Target Monthly Income in Retirement™ of $8,000 at the time of achieving your  Goal of financial independence, let's look at the Phases of Financial Independence™.

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