Forum Replies Created
Hi
Investment Detective is designed specifically for analysing pre and post purchase and comparing both together. ID can also be used to track your properties performance on an ongoing basis, comparing your history over multiple years.
ID is all about number crunching and includes lots of unique formulas that Steve have developed after many years in the property investing game.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
Have you had a look at Investment Detective, all the details are available in the store, or just follow the link below.
Its designed to evaluate and track your property portfolios.Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
My first stop would be the local realestate agents, tell them your interest and can they find out who the owner is, get them to do the work for you.
Next stop would be either a solicitor to do a title search or you can go directly to the lands department and do it yourself. Not sure how much information you can get, but it could provide the owners name.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi bruham
Sorry you didn’t have a good experience with ID, I have worked hard to create a program for the widest range of users, I don’t recall getting an email from you about your problems. I would love to hear about the issues you had as every problem I hear about helps me make ID better.
Also, if you are that unhappy with ID, please feel free to return it to the team here at PropertyInvesting.com and we would be happy to refund your purchase, no questions asked.
It would also be greatly appreciated if you would keep the language toned down, if you have a problem, it’s best to ask for help rather than calling someone names.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
You’re spot on with the description, it is also a good idea to do a budget at the begining of every year you own the property to compare with the actuals during and at the end of the year. Its a good way to double check your due dilligence process. If you get differences between the budget and actuals, you are in a position to ask why the differences came about and be better prepared for the next year.
Hope this helps
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
Investment Detective is designed to help evaluate and track investment properties, sounds like it might do the job.
You can check it out at https://www.propertyinvesting.com/resources/24.html
There has also been a recent update to the software that adds many new reports and the ability to share property details with other ID users.
Hope this helps
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
The tax benefit for a property is best calculated by your accountant as arriving at the final figure is very complex. ID does not estimate this figure because it could never be accurate and this would be misleading. I know there are other packages that estimate this figure but it is only and estimate and may lead to nasty surprises later if your final tax refund is not what you thought it would be[glum]
Once you have the correct amount from your acountant, you can enter it into the other income field as this will increase the cash receipts and have the desired effect on the calculations. Never assume that just because you are on the highest tax bracket that you will receive that maximum refund, ALWAYS check with your accountant, due dilligence will save you a lot of heartache later on.
Hope this helps
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi Lance
I have posted a reply to your question in the Help Needed forum.
Quicken and MYOB are excelent accounting packages, but I would rather spend my time doing other things, besides, thats what I pay my accountnat for, I can just give them a full list of all the expences detailed in ID exported to an excel spread sheet and they do the rest.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi Lance
The tracking options of ID have been improved significantly since the demo video was made. Each expense can be entered with date, description and notes.
These figures can then be exported to excel or printed.
At the end of the year you can roll over the figures for the year so you can have all your history at your fingertips. You can also compare the performance of your property with past years figures so you can see how weel you IP is working for you.Hope this helps
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi
You could check out Investment Detective in the Online Shop, lots of info and is designed to do all the calculations for you.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi Lee
Have a look at Investment Detective in the online shop. It is capable of evaluating potential properties and portfolios as well as tracking your existing properties. It does all the number crunching for you.
Regards
Philip Batey
Investment Detective
The best way to crunch the numbers and manage your portfolios
https://www.propertyinvesting.com/resources/24.htmlHi Katherine
You could also check out Investment Detective for your property management needs, https://www.propertyinvesting.com/resources/24.html
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Ali
The property data files are stored in “C:Program FilesProperty InvestingInvestment Detectivedata” and have the extension “.xml”
You can copy these files between each computer, the only data not stored in these files are the images, these are stored in “C:Program FilesProperty InvestingInvestment Detectiveimages” and you will need to copy all the folders from here to the other computer if you need the images on both computers. You can just copy the data files only if you jst want to edit the figures.Phil
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi NATS12
Speaking to the council is an important first step, but they are not going to help you, just tell you what they think you can and cant do. You need to go and see an independant town planner, some one who knows the local council regs back the front and how to work through the rules and loop holes to your advantage.
As far as putting in the services, do it before you put the driveway down, all you need to do up front is get the services from the road to the new block, once there you can sort out later where it needs to go from there. Best to put it under the driveway.
I could be wrong, but I doubt very very much that the council would let you build a second dwelling on a block that has not been subdivided.
Regards
Phil
Hi Pete&Jakie
The principal payments should only have an effect when P&I is selected, the latest version fixes this bug, also it only effects the “Net Profit” not the cash flow.
You were sent an email that had your license key in it and this also contains the download location for Investment Detective wher you can get the latest version, 1.1.0
Hope this helps
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Adam and Sabrina
I have replyed to you directly regarding the updates.
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi
To change your screen resolution, right click on the desktop and then select properties. A window will open, select the Settings tab and you will see a slider that may allow you to change your screen resolution, (depends on your monitor). Slide it to the right until you see the resolution reach the required size and then click ok. You may see a window asking to confirm the new setting, if everything looks ok go ahead. If it all looks messed up just wait and the screen will automattically go back to the way you had it.
The images in Google earth are no more than 3 years old, and I have used it to check out properties in the area I live in, it works quite well, but the images are not spectacular. In some areas you can see fences and resonable detail right down to the cars on the street.
You need to have a broard band connection to use google earth as the image data is very large.
Hope this helps
Phil
Hi Ron
Investment Detective supports multiple portfolios and you need to select a portfolio to add a property to first.
When ID is installed for the first time there is a default portfolio called “Properties”, click on this tab and you will be able to add a new property.
Hope this helps
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Luc
ID uses a standard repayment calculation that you would find typically in excel or any other financial calculator. Most banks have very unique formula’s that they use to determine the actual repayment, you can set the repayment in ID manually by un-checking the “Always Calculate Repayment†and entering the repayment the bank has calculated.
Regarding Canadian repayments, I am not familiar with the differences and the loan calculators I tried online seem to be very similar to the Australian ones. The figures I came up with were only a few dollars difference which is to be expected with the way different banks do their calculations. Is there any further information specific to the way Canadian Banks do their calculations that you could enlighten me with?
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Raymond
Right now there are no emails for new versions, if you keep an eye on the ID download page it will be updated occasionally.
I am hoping to introduce an automatic update check in a future version that will alert users to a new release.
Thanks
Phil
