Hi Susan

My program will do analysis for you and its 100% free..

cheers

Paul

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

Here is the IRR problem i faced with ez-rent.

Your cashflow is affected by a number of factors, like interest and rent + expenses. Some of those factors (tax refunds, etc) are directly affected by other properties or investments. Ie if property 1 takes your taxable income from $65k to $55k, then property 2 takes it from $55k to $45k, your…[Read more]

I agree with Derek on the eastern strip but on the other side of the polly farmer freeway. Rivervale, Kewdale (and I quite like Queens park too).

Rivervale and Kewdale are characterised by large flat blocks. Downside for the immediate future is unfriendly zoning and an anal council when it comes to development. Any further east and your into…[Read more]

Ok Redwing I’ll bite but I’m just echoing what you said really. Don’t have 6 though..

1. If your all fired up about property investment as your gateway to riches and freedom, then take a cold shower and then come back. Those who are good at this game are very savvy, have educated themselves and avoid making decisions based on marketing induced…[Read more]

There are two freebies for this. ez-rent (www.ez-rent.com) and a recently written one posted a month back that I can’t remember off the top of my head right now. Check the “Heads Up” forum for more details..

info@ez-rent.com

Originally posted by Derek:
Hi Wormit,

Ian Somers has such a program that calculates your cashflow situation after tax…[Read more]

Hi

ST James I believe has had its run. I should know as I’ve been here for 8 years!

However I’m selling soon – wanna buy?

Kewdale now reminds me of the ST James of 8 years ago.. The fact that Orong Road now connects the Graeme Farmer Freeway and is 5min into Perth helps too. In terms of distance to Perth its now no further than ST…[Read more]

Use my software to work it out. Address in the footer.

Depreciation is a complex area and your question is too broad.

Here is some info from my helpfile

All items in a property will invariably have a limited useful life. Depreciation is usually caused by wear and tear. The rate at which items depreciate each year is an allowable tax deduction.…[Read more]

http://www.travismorien.com/FAQ/reading.htm

The Millionaire Next Door – Thomas J. Stanley and William D. Danko – Fantastic book – found this at my library

Down the bottom of the above webpage is the real estate books secion with some comment..

info@ez-rent.com

Originally posted by itsamoorey:
Hi guys,

Are there any books in particualr that…[Read more]

I agree. Its one of many tools.

Interestingly though, learning about this particular technique and tools, and understanding discounting and NPV is a very useful when analysing other things like stocks or funds..

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Heh, I thought that was quite clever cos it split on the “5 year past” bit..

But that wasn’t intentional?

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Thats where discount cash flows come in (oh god another term!!)

Basically we have to determine a discount rate so we can do our present value/future value/npv calculations. What should this rate be? Many people say ‘inflation’, as this is factor that erodes the value of money.

But its not that simple. For example – if you can put your money in a…[Read more]

Before getting into IRR you need to understand present value and net present value.

I’ll offer this example..

If I give you $1000 now and it earns 5% interest annually, the present value (now) is $1000 and the future value in a year time is $1050.

Now if I gave you that same $1000 in a years time, the future value is $1000. What is the present…[Read more]

Hi Sis

I put IRR into ez-rent 1.2 then took it out again for version 2. The reason was that multiple properties affect your income and to work out your cashflows accurately you need your deductions. Add a neg geared property to your portfolio with a lot of depreciation and suddenly you drop a tax bracket for example..Then your IRR for a single…[Read more]

Hi Yack..

Isn’t this fundamental analysis? I’ve followed many heated threads on aus.invest forum on this. You are working out the future value of an by projecting growth and cashflows. Basically a valua investors method..

I do stocks this way.. never thought of doing it with property before..

To be TA, you would be looking at the charts and…[Read more]

Hi Millhouse

An excellent site to have a read of is this FAQ site. Yes its run by a financial adviser – who is a friend of mine, but the info is free and well written. I had copied most of his real estate advice in the helpfile of my ez-rent app for a long time..

The site is

http://www.travismorien.com/FAQ/main.htm

info@ez-rent.com

EZ-Rent.…[Read more]

Actually, a lot of people out there get obsessed about tax minimisation, without realising the fact that if you are making enough profit to be taxed highly, you are obviously doing something right

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Gday Simon

You are correct. But I have had some feedback from people asking to put basic cashflow tracking in per property and consolidated reports so I am going to incorporate this into it..

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Shameless plug time!

http://www.ez-rent.com. Version 2 coming to a URL near you very soon!

Post version 2, next feature is basic cashflow tracking for each property.

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

Having contracted for a time in a govt treasury department I can honestly say the legends are true. There are still govt departments that fit the old sterotype of lotsa cash, overstaffed and undermanaged..

A lot of waste out there..

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com

ROFL! Hey Derek, that did give me quite a chuckle. My darling wife is only 5 foot 2 and very petite, but sure packs a punch!

Julian, I’m not going to publicly name the agent sorry cos I don’t want to get sued I worked for an ISP once, and several times we had legal threats ranging from spammers to companies who were not too amused about our…[Read more]