The Real Estate Financial Planner Blueprint™
29 Garland, Texas Nomad™ Starting with $0
Purchased Garland, Texas Nomad™ Property - $0 Start 4 Property
Bought in Month 414
We have a Rule that has you buying the Garland, Texas Nomad™ Property - $0 Start 4 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 414 after we've adjusted for all the income and expenses for the entire month.
To purchase the Garland, Texas Nomad™ Property - $0 Start 4 Property, we're assuming you're getting a 5% down payment loan. With a $734,267.78 purchase price that means you need to have $36,713.39 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($7,342.68) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $36,713.39 |
Rent Ready Costs | $0 |
Closing Costs | $7,342.68 |
Seller Concessions | $0 |
Total Cost To Close: | $44,056.07 |
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 |
---|---|---|---|---|---|---|
$22,082 | $30,667 | $0 | $1,871 | $2,548 | $57,169 | |
$22,082 | $2,159 | $17,096 | $2,341 | $4,719 | $48,398 | |
$22,082 | -$10,645 | $10,714 | $3,463 | $5,768 | $31,383 | |
$22,078 | $0 | $7,128 | $0 | $6,376 | $35,582 | |
Totals: | $88,325 | $22,181 | $34,938 | $7,675 | $19,412 | $172,531 |
* 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
- 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
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Final Month Summary
Reports