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 |
---|---|---|---|---|---|---|
$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
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