How to Create a Real Estate Financial Plan™

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.

Create a Free Real Estate Financial Planner™ Account

Step #2 Create your first  Scenario.

Follow the steps outlined in the How to Add a  Scenario help article.

Best Practice: Name your primary or default  Scenario “Baseline” so when you make copies and do tests, you can compare it to your “Baseline”  Scenario.

Step #3 Add your first  Account.

Best Practice: Run your  Scenario after adding each  Account and view the  Charts for that  Account to make sure your set it up correctly before adding more complexity and interactivity.

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  Property.

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  Rule.

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  Property and  Rule). Just make sure it is a Dynamic  Property and that you select a  Rule that purchases that Dynamic  Property.