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03-11-2011, 03:25 AM
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#1
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 220
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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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03-11-2011, 05:47 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,327
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Why not just ad an income cash flow to account for the anticipated annual net income?
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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03-11-2011, 06:50 AM
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#3
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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 Quote:
Originally Posted by hotwired
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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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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03-11-2011, 01:01 PM
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#4
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 220
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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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03-14-2011, 11:06 PM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,859
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Quote:
Originally Posted by hotwired
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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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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