The Real Estate Financial Planner Blueprint™
Ep 23 Norm and Norma - $25K Fix and Flips Every 6 Months - Buy 15% Down Payment Rentals

Purchased Typical 15% Down-Payment Rental Property with PMI 1 Property
Bought in Month 19

We have a Rule that has you buying the Typical 15% Down-Payment Rental Property with PMI 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 19 after we've adjusted for all the income and expenses for the entire month.

To purchase the Typical 15% Down-Payment Rental Property with PMI 1 Property, we're assuming you're getting a 15% down payment loan. With a $392,000.94 purchase price that means you need to have $58,800.14 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($11,760.03) minus any seller concessions ($0).

Description Amount
Down Payment $58,800.14
Rent Ready Costs $0
Closing Costs $11,760.03
Seller Concessions $0
Total Cost To Close: $70,560.17

The monthly rent on this Property is $2,717.87 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Typical 15% Down-Payment Rental Property with PMI 1 $11,787 -$931 $3,246 $2,164 $2,637 $18,902
Totals: $11,787 -$931 $3,246 $2,164 $2,637 $18,902

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  Goal of financial independence, let's look at the Phases of Financial Independence™.

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