The Real Estate Financial Planner Blueprint™
29 Laredo, Texas Nomad™ Starting with $0
Purchased Laredo, Texas Nomad™ Property - $0 Start 7 Property
Bought in Month 397
We have a Rule that has you buying the Laredo, Texas 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 397 after we've adjusted for all the income and expenses for the entire month.
To purchase the Laredo, Texas Nomad™ Property - $0 Start 7 Property, we're assuming you're getting a 5% down payment loan. With a $453,811.91 purchase price that means you need to have $22,690.60 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,538.12) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $22,690.60 |
Rent Ready Costs | $0 |
Closing Costs | $4,538.12 |
Seller Concessions | $0 |
Total Cost To Close: | $27,228.71 |
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 |
---|---|---|---|---|---|---|
$13,648 | $23,970 | $0 | $0 | $1,833 | $39,451 | |
$13,648 | $9,439 | $13,056 | $1,212 | $2,959 | $40,313 | |
$13,648 | $7,300 | $10,320 | $1,476 | $3,213 | $35,958 | |
$13,648 | $2,362 | $8,134 | $1,801 | $3,507 | $29,453 | |
$13,648 | -$938 | $6,799 | $2,094 | $3,780 | $25,382 | |
$13,648 | -$3,854 | $5,683 | $2,433 | $4,105 | $22,016 | |
$13,645 | $0 | $4,405 | $0 | $4,128 | $22,178 | |
Totals: | $95,533 | $38,279 | $48,399 | $9,015 | $23,525 | $214,751 |
* 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
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
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports