The Real Estate Financial Planner Blueprint™
Ep 19 Norm and Norma - Buy 10 Nomad™ Properties with 5% Down and 1 House Hack Roommate
Purchased Typical Nomad™ Rental Property 10 Property
Bought in Month 405
We have a Rule that has you buying the Typical Nomad™ Rental Property 10 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 405 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Nomad™ Rental Property 10 Property, we're assuming you're getting a 5% down payment loan. With a $1,014,420.07 purchase price that means you need to have $50,721 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($10,144.20) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $50,721 |
Rent Ready Costs | $0 |
Closing Costs | $10,144.20 |
Seller Concessions | $0 |
Total Cost To Close: | $60,865.20 |
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 |
---|---|---|---|---|---|---|
$30,508 | $63,275 | $0 | $0 | $1,602 | $95,384 | |
$30,508 | $62,175 | $0 | $2,307 | $1,592 | $96,582 | |
$30,508 | $31,993 | $25,276 | $2,558 | $3,991 | $94,325 | |
$30,508 | $30,758 | $23,477 | $2,789 | $4,220 | $91,751 | |
$30,508 | $26,610 | $21,944 | $3,017 | $4,421 | $86,500 | |
$30,508 | $24,083 | $20,685 | $3,233 | $4,623 | $83,133 | |
$30,508 | $23,612 | $19,664 | $3,430 | $4,824 | $82,038 | |
$30,508 | $19,899 | $18,773 | $3,621 | $4,991 | $77,790 | |
$30,508 | $19,110 | $18,149 | $3,766 | $5,135 | $76,668 | |
$30,501 | $0 | $11,873 | $0 | $6,040 | $48,414 | |
Totals: | $305,070 | $301,513 | $159,841 | $24,720 | $41,440 | $832,585 |
* 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
- Start New Income Source
- Start New Income Source
- 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
- Achieved Financial Independence Goal
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- 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
- Paid Off Mortgage
- Final Month Summary
Reports