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adding realestate
Old 03-11-2011, 04:25 AM   #1
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adding realestate

Hi
Does anyone know of a calculator (or way to hack FIREcalc) to include buy and hold rental realestate? Life was so much simpler when I had nothing but a typcial portfolio ... but now we have 11 buildings totaling 35 units. We have a separate plan for that, but I'd love to see some sort of neat cyber construction that allows for this ....
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Old 03-11-2011, 06:47 AM   #2
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Why not just ad an income cash flow to account for the anticipated annual net income?
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Old 03-11-2011, 07:50 AM   #3
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Hi
Does anyone know of a calculator (or way to hack FIREcalc) to include buy and hold rental realestate? Life was so much simpler when I had nothing but a typcial portfolio ... but now we have 11 buildings totaling 35 units. We have a separate plan for that, but I'd love to see some sort of neat cyber construction that allows for this ....
Real estate is local, too hard to make a calculator to guess future returns based on the past. When I first used FireCalc I pretended our real estate was bonds. FWIW
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real estate and bonds
Old 03-11-2011, 02:01 PM   #4
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real estate and bonds

Bonds sounds like a good idea. I can also see just deciding on a "mix" of draws (i.e. $40k per year from RE and $40k per year from portfolio) and using the 40K as our draw in FIREcalc and leaving out the RE -- RE is more of a "business" anyway, now that I think about it, and obviously more complex and deserving of a separate tool, really, to keep things more accurate.
Thank you by the way.
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Old 03-15-2011, 12:06 AM   #5
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Bonds sounds like a good idea. I can also see just deciding on a "mix" of draws (i.e. $40k per year from RE and $40k per year from portfolio) and using the 40K as our draw in FIREcalc and leaving out the RE -- RE is more of a "business" anyway, now that I think about it, and obviously more complex and deserving of a separate tool, really, to keep things more accurate.
Thank you by the way.
You could also calculate the cash-on-cash return of your rental property and use that as your cash flow.

You'd be tracking that anyway to help you decide when to sell or when to raise rents...
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