adding realestate

[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 ....

 

[donheff]

Why not just ad an income cash flow to account for the anticipated annual net income?

 

[Martha]

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

 

[hotwired]

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.

 

[Nords]

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...