Real Estate Financial Planner™
Model for Fargo, North Dakota

PLEASE NOTE: No need to subscribe to more than one city's podcast... the content is syndicated (largely the same)... except for the very occassional city-specific episode and city-specific resources linked from it.

Baseline Model for Fargo, North Dakota

Baseline Nomad™ - Earning $6,000 per month and buying 10 properties with 5% down payments as quickly as possible using the Nomad™ real estate investing strategy.

Once you achieve financial independence, you stop working your job and live off your investments. See the chart near the bottom to see when this happens for each  Scenario.

Net Worth at 40 Years

The following chart shows the Net Worth for each  Scenario at 40 years so you can easily compare how well they perform relative to other strategies.

Click on the individual comparisons below to see more detailed comparisons or check out Net Worth for other years using the links directly below the Net Worth chart for year 40 below.

Net Worth comparison for other years: 1 | 5 | 10 | 15 | 20 | 25 | 30 | 40 | 50 | 60 | 100 | All Years

Earning More/Less When Nomading™

What if you earn 10% more or 10% less than the baseline when Nomading™? How will that impact your ability to achieve financial independence?

Detailed Charts for Earning More/Less When Nomading™

Nomad™ vs 20% or 25% Down Rentals

What if instead of buying properties as a Nomad™ you bought a single property to live in and then put either 20% down or 25% down to buy rentals directly?

Detailed Charts for Nomad™ vs 20% or 25% Down Rentals

Self-Managed vs Professional Property Management While Nomading™

In the baseline Nomad™ scenario you're self-managing your properties. What if you hired a property manager and paid them 10% of gross rents collected?

Detailed Charts for Self-Managed vs Professional Property Management While Nomading™

Buying at a Discount or Paying a Premium When Nomading™

In hot seller's real estate markets, you may be asked to pay a premium above current Fair Market Value. In softer buyer's real estate markets, you may be able to more easily buy properties at a discount from the current Fair Market Value.

What difference does that make on your journey toward financial independence?

Does being able to get a 5% discount or 10% discount really have a signficiant impact? What is the cost of paying a 5% premium or 10% premium to get your offer accepted and buy properties in hot markets?

Detailed Charts for Buying at a Discount or Paying a Premium When Nomading™

Having a Real Estate License While Nomading™

What if you got your real estate license while Nomading™?

You could get a discount equal to your commission or choose to earn the commission when you buy effectively reducing the amount you need for your down payment by the commission amount.

Detailed Charts for Having a Real Estate License While Nomading™

Better or Worse Rents When Nomading™

What if you were able to get slightly better or slightly worse rents? What impact does that have?

You could get 10% lower rents or maybe just 5% lower rents.

Or, perhaps you could do a little better marketing, find slightly more desirable properties and get get 5% higher rents or totally crush it and manage to get 10% higher rents.

Detailed Charts for Better or Worse Rents When Nomading™

Nomad™ to Short-Term Rental

What if you decide to focus on short-term rentals after you Nomad™?

Sure your expenses to run the property would go up, but could you get 25% higher rents, 50% higher rents, or even 75% higher rents?

Detailed Charts for Nomad™ to Short-Term Rental

Better/Worse Interest Rates When Nomading™

What if you're able to get a slightly better (or worse) mortgage interest rate when Nomading™?

Getting a .5 lower mortgage interest rate or even a modest .25 lower mortgage interest rate could impact your cash flow and ability to achieve financial independence. Getting a .25 higher mortgage interest rate or a .5 higher mortgage interest rate could slow down your journey to financial independence.

Detailed Charts for Better/Worse Interest Rates When Nomading™

Sell Properties to Achieve Financial Independence When Nomading™

What if... while Nomading™... you have enough equity such that if you sold off all the properties and invested that money in stocks and bonds you'd be able to live at or below your safe withdrawal rate?

Or, what if... while Nomading™... you have enough equity such that if you sold off some of your properties you'd be able to pay off the remaining rental properties and be financially independent?

Selling properties if that means being financially independent or even selling some properties to pay off the remaining rentals could help you achieve financial independence faster.

Detailed Charts for Sell Properties to Achieve Financial Independence When Nomading™

Buy Rentals All Cash

What if... you buy an owner-occupant property with 5% down but then save up your money until you have enough to buy a rental without a mortgage at all? Then, buy up to 9 total rentals... each time with cash (no mortgage)?

Or, what if... you remain a renter yourself and save up your money to buy a rental property for all cash (without a mortgage)? Then, bought up to 10 total rental properties... all without getting any mortgages at all.

Owner-occupant with 5% down then up to 9 rentals all cash or even remaining a renter yourself and buying up to 10 rentals for all cash without any mortgages could be a better strategy than you might think (depending on the real estate market).

Detailed Charts for Buy Rentals All Cash

Nomading™ When Starting with Money or None

What if you start with no money? How does that compare to Nomading™ when you do start with enough for your first down payment?

Detailed Charts for Nomading™ When Starting with Money or None

Nomading™ vs No Real Estate, Only Stocks

What if instead of Nomading™ or investing in any real estate at all you just rented yourself and invested in stocks?

Detailed Charts for Nomading™ vs No Real Estate, Only Stocks

Paying Off Mortgages Early When Nomading™

What if while you were Nomading™ you opted to pay off mortgages early? You could pay them off with any excess cash each month or only pay them off if you can pay off the entire mortgage balance in full.

Detailed Charts for Paying Off Mortgages Early When Nomading™

Paying Off Owner-Occupant Mortgage Early When Nomading™ If Achieves Financial Independence

What if by paying off your owner-occupant mortgage when Nomading™ that would reduce your living expenses low enough that you'd achieve financial independence?

Detailed Charts for Paying Off Owner-Occupant Mortgage Early When Nomading™ If Achieves Financial Independence

Buy Owner-Occupant or Rent When Buying 20% Down Rentals

If you're planning to buy 20% down payment rental properties, is it better to first buy a 5% down payment owner-occupant property or to remain a renter the entire time?

Detailed Charts for Buy Owner-Occupant or Rent When Buying 20% Down Rentals

Buy Owner-Occupant or Rent When Buying 25% Down Rentals

If you're planning to buy 25% down payment rental properties, is it better to first buy a 5% down payment owner-occupant property or to remain a renter the entire time?

Detailed Charts for Buy Owner-Occupant or Rent When Buying 25% Down Rentals

Month First Achieved Financial Independence

Click through to the individual comparison pages above to see more detailed and less cluttered charts showing how close they were.

Single Strategy Special Reports

The following are special reports that show how a single specific  Model (Nomad™, buying 20% down rentals, buying properties as a real estate agent, etc) performed across all the different cities we modeled.

These special reports answer how does this strategy do questions like: does Nomad™ work only in certain markets? Which ones?

Check out these how does this strategy do reports:

  • 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
  • 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
  • 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
  • .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
  • Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
  • 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
  • Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
  • 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
  • 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
  • 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
  • .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
  • Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
  • 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
  • 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
  • Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
  • Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
  • Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
  • 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
  • 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
  • Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
  • Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
  • Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
  • 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
  • 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
  • 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.
  • .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
  • 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
  • .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
  • 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
  • No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
  • Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
  • 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
  • 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
  • Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.