The Real Estate Financial Planner Blueprint™
Ep 23 Norm and Norma - $25K Fix and Flips Every 6 Months - Buy 20% Down Payment Rentals
Purchased Typical 20% Down-Payment Rental Property 1 Property
Bought in Month 25
We have a Rule that has you buying the Typical 20% Down-Payment 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 25 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical 20% Down-Payment Rental Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $397,837.50 purchase price that means you need to have $79,567.50 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($11,935.13) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $79,567.50 |
Rent Ready Costs | $0 |
Closing Costs | $11,935.13 |
Seller Concessions | $0 |
Total Cost To Close: | $91,502.63 |
The monthly rent on this Property is $2,758.34 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$11,962 | $2,677 | $3,176 | $2,196 | $2,425 | $22,436 | |
Totals: | $11,962 | $2,677 | $3,176 | $2,196 | $2,425 | $22,436 |
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