The Real Estate Financial Planner Blueprint™
29 Denton, Texas Nomad™ Starting with $0
Purchased Denton, Texas Nomad™ Property - $0 Start 1 Property
Bought in Month 68
We have a Rule that has you buying the Denton, Texas Nomad™ Property - $0 Start 1 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 68 after we've adjusted for all the income and expenses for the entire month.
To purchase the Denton, Texas Nomad™ Property - $0 Start 1 Property, we're assuming you're getting a 5% down payment loan. With a $395,969.80 purchase price that means you need to have $19,798.49 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,959.70) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $19,798.49 |
Rent Ready Costs | $0 |
Closing Costs | $3,959.70 |
Seller Concessions | $0 |
Total Cost To Close: | $23,758.19 |
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 |
---|---|---|---|---|---|---|
$11,906 | $0 | $3,844 | $0 | $3,436 | $19,186 | |
Totals: | $11,906 | $0 | $3,844 | $0 | $3,436 | $19,186 |
* 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 $9,000 and a Ideal Target Monthly Income in Retirement™ of $14,000 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
- 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
- Paid Off Mortgage
- 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
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports