The Real Estate Financial Planner Blueprint™
Ep 23 Norm and Norma - $25K Fix and Flips Every 6 Months - Buy 25% Down Payment Rentals
Purchased Typical 25% Down-Payment Rental Property 1 Property
Bought in Month 25
We have a Rule that has you buying the Typical 25% 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 25% Down-Payment Rental Property 1 Property, we're assuming you're getting a 25% down payment loan. With a $397,837.50 purchase price that means you need to have $99,459.38 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,978.38) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $99,459.38 |
Rent Ready Costs | $0 |
Closing Costs | $3,978.38 |
Seller Concessions | $0 |
Total Cost To Close: | $103,437.75 |
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 | $4,349 | $3,049 | $2,196 | $2,291 | $23,847 | |
Totals: | $11,962 | $4,349 | $3,049 | $2,196 | $2,291 | $23,847 |
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