The Real Estate Financial Planner Blueprint™
Ep 14 Norm and Norma - Buy 10 Nomad™ Properties with 5% Down
Purchased Typical Nomad™ Rental Property 9 Property
Bought in Month 442
We have a Rule that has you buying the Typical Nomad™ Rental Property 9 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 442 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Nomad™ Rental Property 9 Property, we're assuming you're getting a 5% down payment loan. With a $1,111,218.02 purchase price that means you need to have $55,560.90 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($11,112.18) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $55,560.90 |
Rent Ready Costs | $0 |
Closing Costs | $11,112.18 |
Seller Concessions | $0 |
Total Cost To Close: | $66,673.08 |
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 |
---|---|---|---|---|---|---|
$33,419 | $69,514 | $0 | $0 | $1,757 | $104,690 | |
$33,419 | $69,514 | $0 | $2,527 | $1,757 | $107,217 | |
$33,419 | $35,758 | $27,339 | $2,844 | $4,421 | $103,781 | |
$33,419 | $32,771 | $24,811 | $3,185 | $4,750 | $98,937 | |
$33,419 | $26,585 | $22,755 | $3,524 | $5,048 | $91,331 | |
$33,419 | $23,960 | $21,586 | $3,748 | $5,258 | $87,971 | |
$33,419 | $21,284 | $20,520 | $3,976 | $5,472 | $84,671 | |
$33,419 | $20,051 | $19,507 | $4,218 | $5,714 | $82,908 | |
$33,412 | $0 | $13,006 | $0 | $6,616 | $53,034 | |
Totals: | $300,762 | $299,436 | $149,524 | $24,022 | $40,794 | $814,538 |
* 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
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved 2 X Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports