The Real Estate Financial Planner Blueprint™
Ep 11 Norm and Norma - Buy 1 Owner-Occupant then 20% Down-Payment Rentals
Purchased Typical Nomad™ Rental Property 1 Property
Bought in Month 33
We have a Rule that has you buying the Typical Nomad™ Rental Property 1 Property even if your Account balance in the All-In-One Account Account has zero dollars. The following is a chart showing the balance of All-In-One Account Account from the start of the Scenario to Month 33 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Nomad™ Rental Property 1 Property, we're assuming you're getting a 5% down payment loan. With a $405,754.99 purchase price that means you need to have $20,287.75 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,057.55) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $20,287.75 |
Rent Ready Costs | $0 |
Closing Costs | $4,057.55 |
Seller Concessions | $0 |
Total Cost To Close: | $24,345.30 |
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 |
---|---|---|---|---|---|---|
$12,200 | $0 | $4,749 | $0 | $2,416 | $19,365 | |
Totals: | $12,200 | $0 | $4,749 | $0 | $2,416 | $19,365 |
* 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 $10,000 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
- 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
- Achieved Financial Independence Goal
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports