Hi Kate

Yes there has been an update; the current version is 1.1.0, to get the latest follow the link in license key email to return to the download site and follow the instructions.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi Tony

Have replyed to your original e-mail to me.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi Andrew

You can return to the download link provided in the registration e-mail that has your license key. If you need it again, drop me an e-mail at [email protected] and I will send it through.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi

The latest version is 1.1.0 and fixes several small bugs, and adds many new features.

I will post a list in an update announcement soon.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi Paula

E-Mail sent.

Phil

Hi Paula

I have included your questions and answered them inline.

1. Estimated Market Value- my understanding is simply what the property is valued at?
Yes

2. Capital Appreciation- my understanding is I have to work out how much the property will increase over a year? (do you have any suggestions in how I could work this out? CPI?)
This requires some research, there are lots of sites that you can provide sale prices, median house prices and how much the price has moved, you need to research the area or specific street and figure out the potential for capital gain.

3. Morgage Duty- Is this morgage stamp duty?
Yes

4. Are Strata Levies the same as body corporate fees? If not where do I include strata levy fees?
To be honest, I’m not sure although I think they are the same, if not you can add the figure to the miscellaneous amount.

5. Capital Costs- This one Im stuck
A good example of a capital cost would be the water heater.

6. The section “profibility” Is the section I mostly pay attention to the Net Cashflow?
Yes and no, the Net profit takes into account the depreiation as a cost, so it would be more accurate to use this instead.

7. The section “break even” I understand the occupancy,cash receipts,rate and equity loan part but Im confused at why theres a different figure for 52 weeks and 48 weeks, wouldnt the number in each mean the total weeks the property needs to be rented in weeks?
The amount of rent is lower for the 48 week calculation, so if the Property Management Fees and the Maintenance Costs are a percentage of these amounts, this reduces the ongoing costs by a small amount and so the breakeven is also lower.

8. In the ‘return’ section Im confused on, but I will try anyway-
Gross Return- Is this annual profit before tax?
No, Gross return: Typical gross return on investment calculation.
(Gross annual income / (Purchase price + closing costs))

Net Return- annual profit after tax?
No, Net return: Return on investment calculation based on net profit.
(Net pre-tax profit / (Purchase price + Closing costs))

Cash on Cash Return- ?? nothing has ever registered with any of the properties I have put threw. Do I have a bug or am I just doing this wrong?
Cash-on-cash return: Return based on net cash back compared with cash needed
(Annual net cash flow / Cash needed)

Payback Period- Is this the term of the loan?
No, Pay back period: How many years it will take for the cash flow to repay cash needed.
(Cash Needed / Annual net cash flow)

(Nothing has ever registered here either?)
You need to have some cash in the deal for this to display any values.

9. Under the Equity Section-
Gross Equity??? The current equity position of the property in dollars
Gross Equity??? The above amount represented as a percentage
Net Equity???? The Gross equity percentage including the capital appreciation

Hope this helps

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi Tony

ID has a rollover feature; this essentially locks away your figures in a history so you can keep track of your investment.

You can do this just as easily when evaluating a property, just enter each year’s figures and roll them over into past years, just make sure you roll each set of figures into a new year, and then you can compare all the information side by side on the history tab.

Keep in mind that removing the closing costs will not affect the performance figures, and if you have allocated any of these amounts to loan or equity, they cannot be removed as it will change the financed amount.

Even though the closing costs are only applicable in the first year, they will effect the return and equity position over the life of the investment, so these figures should remain to make the calculations accurate.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi There

I believe the current limit is under 450,000 in QLD, the new version of ID that will be out shortly takes this into account.

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi

The loss in the net cash flow is your out of pocket loss(if the figure is negative), when you include depreciation as a cost, then the net profit is further reduced giving you the figures you are seeing. The net profit is your net cash flow + capital costs – depreciation. To get a handle on what you can claim as a tax benefit you need to seek the advice of an accountant.

Equity is the amount of unrealised equity in the property. This is based on the estimated value and appreciation compared to the current value + closing costs.

Hope this helps

regards

Philip Batey
JATPAC Designs

Author of Investment Detective

Hi Snowball

I am only guessing but are you entering the figures with formatting eg. $100,000

If you are then this is the problem, you only need to enter the figures as numbers without the formatting eg. 100000 and ID will do the rest for you.

Hope this helps

Regards

Philip Batey
JATPAC Designs

Author of Investment Detective