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How to Create a Copy of a Property

This post covers how to create a copy of a Property so you don’t have to start from scratch each time. Go To The Scenarios Page First, navigate to the Properties page. From there locate the Property you would like to make a copy of and click the button on the far right. The copied Property will automatically open. From here you can update the Address or Description and any other variables you wish to change. Once you have made all your changes scroll down to the bottom of the page and click the Save button. Then, you will need … Read more

How to Compare Multiple Scenarios

When deciding on an investment strategy it’s incredibly useful to be able to compare the outcomes of different ones. With the Real Estate Financial Planner™ comparing Scenarios that model different investment strategies is easy to do. In this post we will tell you how to use Charts to evaluate which strategy might be best for you. Open The Scenarios First, from the Scenarios page identify one of the Scenarios you want to compare and click on the icon. This will take you to the default Chart for Net Worth. Underneath this Chart you will see a box with a drop … Read more

How to Link an Account to a Rule

Most of the Rules you will use in the Real Estate Financial Planner™ will be linked to an Account. If you do not specify an Account the Rule will be setup to use the Default Cash Account*. In the post below we will review how to switch the Account. Change the Account Open the Rule by clicking on its title or the button as shown below. You can do this from the Rules page or from the Rules section of a Scenario. Once the Rule is open find the field which asks you to specify an Account. You can see … Read more

How to Link an Account to a Property

All Properties in your Real Estate Financial Planner™ need you to specify which Account you want the down payment and closing costs to be withdrawn from and which Account to use for income and recurring expenses such as rent or mortgage payments. If you do not specify an Account the Property will be setup to use the Default Cash Account* for both of these. Change the Account To change the Account a Property is linked to go to the Properties page and click on the title of the Property you’d like to edit. Or you can click the button as … Read more

How to Create a Copy of an Account

If you want to make changes to an Account without creating one from scratch you can make a copy of that Account. Go To The Accounts Page The Accounts page displays all the Accounts in your Planner™. To make a copy click on the button. The Account will open automatically and you can make changes to it. Then hit the Save button. Once the Account is setup you will need to add it to all appropriate Scenarios, Properties, Rules, and Goals. How To Add An Account to a Scenario How to Link An Account to a Property How to Link … Read more

How To Set Up Monte Carlo Runs

Using Monte Carlo simulations is an ideal way to model the unpredictable outcomes of different investment strategies. With regards to the Real Estate Financial Planner™ it allows us to study how a Scenario (collection of Accounts, Properties, Rules, and Goals) responds to randomly generated inputs for variables such as interest rate, appreciation, inflation, and rate of return for stocks, bonds, or other investments. IMPORTANT NOTE: Monte Carlo is only available to Copper Plan Members. Open The Scenario First, from the Scenarios page select the Scenario on which you want to run Monte Carlo. Click the title of the Scenario to … Read more

How To Create a Copy of a Scenario

There may be times when you want to know what impact changing one variable will have on a Scenario. This can be easily achieved by creating a copy of the Scenario in your Planner™. Go To The Scenarios Page On the Scenarios page locate the Scenario you want to make a copy of and click the Copy icon. The copied Scenario will automatically open. From here you can update the Scenario Name and any other variables you wish to change. Once you have made all your changes click the Save button below the Scenario Description. If the changes were successfully … Read more

How to Copy a Scenario to Your Planner

Confirm Copy Scenario

Copying a template  Scenario into your Real Estate Financial Planner™ is easy and we’ll cover how to do it here. Copy any  Scenario discussed in the blog where you see… …to modify any of the assumptions for  Accounts,  Properties or  Rules and see how that changes the results. Login First, log in to the Real Estate Financial Planner™ software. Find a  Scenario you wish to copy. If you can copy it, it will have a button that looks like this… This will open a new page which will show you a summary of the  Scenarios,  Accounts,  Properties, and  Rules currently … Read more

How to Add an Account to a Scenario

Add Account to Scenario

 Accounts are reusable and can be used in more than one  Scenario. This section covers how to add an  Account to a  Scenario. Step #1: Login First, log in to the Real Estate Financial Planner™ software. Step #2: Go to the Scenarios Page Once you log in, navigate to the  Scenarios page. Hover over or click Planner™ on the menu across the top to expose the drop down menu. Click on  Scenarios from the drop down menu. You can also use the menu on the right side of the page to locate the  Scenarios page. Select the  Scenario you want … Read more

How to Add or Remove a Property from a Scenario

Add Property to Scenario

Each time you create a Scenario you will need to add the attributes you would like to model. This post will cover how to add or remove a Property from a Scenario. Under Properties you can see which Properties are included in your Scenario as well as which ones can be added. To add a Property to your Scenario, click the Add icon. To remove a Property from a Scenario, click the Remove icon. Properties If you want to read more about Properties, consider reading these additional blog posts.