Forum Replies Created
It is a guide.
It means you don’t have to run the numbers on lots of places. You can dismiss the unlikelys and then do a proper analysis of what’s left: expected rent, mortgage payments, management fees, repairs budget, insurance, rates etc. What you have left, if anything, tells you it is cashflow positive. How much you have left versus what you put in, tells you if it is worth it.
All the best,
Greg
Hi Philip,
I like that the data is saved in XML format. This makes it (theoretically) possible to use the data in just about any other program.
I was dissapointed to find the land tax formulas were not in a similar XML config file. If they had have been then I (and others in the know) could have kept them up to date. It would also be possible to post the updated config file so that users could download it and replace their old version (possibly with a special “setup” program to do the hard work for them). It seems to me that such an approach would be a lot easier than adding an extra screen(s?) to allow users to manually update their formulas. It may even make this an easy enhancement that could be delivered in a relatively short time frame.
I like the program and appreciate the work that has gone into delivering a really nice tool.
Regards,
Greg
Steve,
There’s a little known town between Sydney and Melbourne, called Canberra. We don’t have big crowds but you’d be welcome to do a tour here too.
I’d be delighted to shake your hand and buy your new book. Loved the original one.
Greg
Thanks for the additional info.
Kay: I wasn’t worried about the 20,000 issue as I’m not looking at LMI. From the maths, if LMI gets you a higher LVR on a +ve property (and doesn’t cost too much) it would improve the CoCR but I’m sure you’re right on the risk side.
I have seen a 21,000 horse town getting CG this year – but mainly because of the frenzy of buyers snapping up good yields, driving up prices, and so destroying the yields. I’m sure many places will go backwards. It sure isn’t an easy time to buy.
But I do like WaySolid’s Yowie idea. If I go a step better and start an Investors-Rent-a-Yowie company, I could funnel all the money into properties. Then it really wouldn’t matter if they were negatively geared or didn’t get any growth for 20 years. Of course, competition might mess that up; or WaySolid (rightfully) insisting on royalties ….
Thanks all.
I’m not too cluey on stables but I guess I could stick to 12 horses or more.
Thanks for the info on LMI. That explains it all nicely. The link worked okay for me.
Greg
