The Real Estate Financial Planner Blueprint™
Ep 3 Andrea - Stocks at 8% Instead, Stops Working at 65
Purchased
Typical Rental Property 1 Property
Bought in
Month 1
We have a Rule that has you buying the
Typical Rental Property 1 Property when your
Account balance in the
All-In-One Account Account reaches $10,000. The following is a chart showing the balance of
All-In-One Account Account from the start of the
Scenario to
Month 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Typical Rental Property 1 Property, we're assuming you're getting a 5% down payment loan. With a $250,000 purchase price that means you need to have $12,500 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($2,500) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $12,500 |
Rent Ready Costs | $0 |
Closing Costs | $2,500 |
Seller Concessions | $0 |
Total Cost To Close: | $15,000 |
Since this is a Nomad™ Property, you are buying it, moving in and living there for at least a year before renting it.
You are moving into this property, so you are not collecting any rent on this property yet.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
![]() |
$5,008 | $0 | $4,445 | $0 | $1,246 | $10,699 |
Totals: | $5,008 | $0 | $4,445 | $0 | $1,246 | $10,699 |
* Denotes a property that had no rent for at least part of the period covered. |
Asset Allocation
How are assets allocated? Let's first look at this month.
Copy
Blueprint™ Menu of Sections
- Introduction
Accounts
Properties
Rules
Significant Events
Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
End Income Source
Paid Off Mortgage
Achieved Financial Independence Goal
Final Month Summary
Reports