If you’d like to model your real estate investments and the strategy you plan to use with your real estate, stocks, bonds then you’ve found the right place.
Below, we will walk you through how to create your own Real Estate Financial Plan™ using the Real Estate Financial Planner™ software.
Creating Your First Real Estate Financial Plan™ Step-By-Step
Step #1 Create a free account on the Real Estate Financial Planner™ software.
We will be using the software to enter in your starting position. From there, you will be able to model what-if Scenarios to see how your situation is impacted by different strategies over a variety of market conditions.
Step #2 Create your first Scenario.
Follow the steps outlined in the How to Add a Scenario help article.
Step #3 Add your first Account.
Repeat Step #3 to add any additional Accounts you want to model in your plan as well.
Step #4 Add the first Property you own into the system.
Follow the steps in How to Add a Property to add a
Remember to add the Property to your Scenario or it will not be included. Check out How to Add or Remove a Property from a Scenario if you need help learning how to do that.
Repeat Step #4 to add any additional Properties that you own.
Step #5 Add a Rule to model your income and expenses.
Follow the instructions in How to Add a Rule to learn more about how to add a
Repeat Step #5 to model your spouse’s income if applicable.
Step #6 Add a Rule to model receiving social security income in the future if applicable.
Repeat Step #6 to model your spouse’s Social Security income if applicable.
Step #7 Add a Dynamic Property and a Rule to model when you buy them.
This step uses the same skills you learned in steps #4 and #5 (adding a