Highlighting all cities in Illinois for
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
The following shows Net Worth for Nomad™ and Sell SOME Rentals to Payoff Others if FI at 40 years (month 480) for all the different cities in Illinois.
- Chicago = $28.77M
- Elgin = $7.85M
- Joliet = $4.99M
- Naperville = $9.23M
- Rockford = $8.20M
Month First Achieved Financial Independence
The following shows how many months it takes to achieve financial independence for Nomad™ and Sell SOME Rentals to Payoff Others if FI for all the different cities in Illinois.
Speed to Financial Independence vs Property Value (ARV)
Is it impossible to achieve financial independence (lean FIRE) in cities where home prices are higher?
The chart below compares how long it takes to achieve financial independence (lean FIRE) compared to the price of properties in that city (After Repair Value or ARV).
Net Worth vs Property Value (ARV)
Does a higher initial property value mean overall higher net worth? Or, lower net worth? By how much?
Net Worth vs Ran Out of Money
How does running out of money correlate to net worth?
Detailed Illinois City-Specific Modeling
Check out the detailed modeling for these Illinois cities.Chicago