The Real Estate Financial Planner Blueprint™
Ep 17 Norm and Norma - Buy 10 Nomad™ into Short-Term Rental Properties with 5% Down - 6 Months Reserves
Purchased Nomad™ to Short-Term Rental Property 1 Property
Bought in Month 48
We have a Rule that has you buying the Nomad™ to Short-Term 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 48 after we've adjusted for all the income and expenses for the entire month.
To purchase the Nomad™ to Short-Term Rental Property 1 Property, we're assuming you're getting a 5% down payment loan. With a $421,027.44 purchase price that means you need to have $21,051.37 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($4,210.27) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $21,051.37 |
Rent Ready Costs | $0 |
Closing Costs | $4,210.27 |
Seller Concessions | $0 |
Total Cost To Close: | $25,261.65 |
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 |
---|---|---|---|---|---|---|
$12,659 | $0 | $4,928 | $0 | $2,506 | $20,093 | |
Totals: | $12,659 | $0 | $4,928 | $0 | $2,506 | $20,093 |
* 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
- Achieved Financial Independence Goal
- Achieved Ideal Financial Independence Goal
- 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
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports