The Real Estate Financial Planner Blueprint™
Nomad™ by Proxy - 2 People x 4 Years Each (Staggered By 2 Years)
Purchased Nomad™ 1 Property
Bought in Month 1
We have a Rule that has you buying the Nomad™ 1 Property when your Account balance in the All-In-One Account reaches $10,000. The following is a chart showing the balance of All-In-One Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Nomad™ 1 Property, we're assuming you're getting a 5% down payment loan. With a $390,000 purchase price that means you need to have $19,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($3,900) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $19,500 |
Rent Ready Costs | $0 |
Closing Costs | $3,900 |
Seller Concessions | $0 |
Total Cost To Close: | $23,400 |
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 |
---|---|---|---|---|---|---|
$11,726 | $820 | $7,536 | $2,647 | $2,039 | $24,769 | |
$11,726 | $0 | $7,536 | $0 | $1,829 | $21,092 | |
Totals: | $23,453 | $820 | $15,072 | $2,647 | $3,868 | $45,861 |
* 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.
Copy Scenario into my Real Estate Financial Planner™ Software AccountBlueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Start New Income Source
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- End Income Source
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- Bought New Dynamic Property Based On Rule Buy Property On Specific Month Yearly
- End Income Source
- Achieved Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Ideal Financial Independence Goal
- Paid Off Mortgage
- Paid Off Mortgage
- Final Month Summary
Reports