The Real Estate Financial Planner Blueprint™
Ep 17 Norm and Norma - Buy 10 Nomad™ into Short-Term Rental Properties with 5% Down - 6 Months Reserves

Rules

If you remember, Rules modify Accounts and Properties in the Scenario. For this Scenario we have the following 6 Rules.

Let's look at each of the Rules below.

Paycheck and Personal Expenses

This Rule runs for the entire Scenario.

With the Paycheck and Personal Expenses, we collect a paycheck and pay our personal living expenses out of the All-In-One Account Account each month. We start out collecting $3,000 Inflation Adjusted per month from our paycheck and that increases with inflation over time. We do pay taxes on the amount we collect from our paycheck at a rate of 17.85%.

Paycheck and Personal Expenses

This Rule runs for the entire Scenario.

Paycheck and Personal Expenses

This Rule runs for the entire Scenario.

With the Paycheck and Personal Expenses, we collect a paycheck and pay our personal living expenses out of the All-In-One Account Account each month. We start out paying $3,930 Inflation Adjusted per month in personal expenses and that increases with inflation over time.

Buy Property When Account Has Down Payment

This Rule runs for the entire Scenario.

With the Buy Property When Account Has Down Payment, we buy a version of the Nomad™ to Short-Term Rental Property Property when the All-In-One Account Account has enough to cover the total cost to close (which includes any down payment and closing costs) required to make the purchase of the Property.

We do limit the number of this Dynamic Property that we can buy using this Rule to 10 total.