Forum Replies Created
Hi Raymond
I have replyed to your email to [email protected] and you may download the updated version of ID at your leasure.
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
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 DesignsAuthor of Investment Detective
Hi
Thanks for the feedback, I will be looking at adding an automatic check for new versions to one of the next updates.
Thanks
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Tony
Have replyed to your original e-mail to me.
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Wayne
When you purchase ID an email is sent out with the users registration key, if you cannot find this e-mail drop me a line, [email protected] with your purchase details and I will resend it for you.
Regards
Philip Batey
JATPAC DesignsAuthor 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 DesignsAuthor of Investment Detective
Im still unsure why a capital cost is different to maintinence?A capital cost is one that can be depreciated, any other cost that cannot may fall under maintenance, to figure this out in more detail you will need to speak to your accountant.
Gross Equity- the current equity position of the property.
Is this the equity in the property Ive bought or the equity Ive used in a different property Ive used to purchase my new property.(as included in the budget section) If its the equity in the new property then does this figure go up as time goes by(as you add more to the actuals)?The equity here is the amount of equity in the purchased property and the amount will go up as you pay more off the loan.
Hope this helps
Regards
Philip Batey
JATPAC DesignsAuthor 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 DesignsAuthor of Investment Detective
your welcome [biggrin]
Phil
Hi Paula
E-Mail sent.
Phil
Hi Sue
The figures in ID are based on the calculation mode that has been set, there is a drop down list on the toolbar that allows you to select Weekly through to Annually.
The figures will updated based on this setting.The bubble bug has been fixed, you can return to the download page and get the latest version. If you don’t have the link drop me an e-mail and I will send it on to you.
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
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?
Yes2. 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?
Yes4. 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 appreciationHope this helps
Regards
Philip Batey
JATPAC DesignsAuthor of Investment Detective
Hi Tony
The latest version of ID now supports the entry of individual actual items, so you can keep track of each amount with date, description and notes.
This only applies to the actual entries.
Regards
Philip Batey
JATPAC DesignsAuthor 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 DesignsAuthor of Investment Detective
Hi markpatrick
Steve and Dave are hard working and overwhelmingly generous business men, if there is one key thing I have learnt from them is that its not about the money, they both have the means to stop working but what whould they do with them selves.
I came to the same realisation and when I get into a position of not needing to work anymore I have a plan to use my skills and time productivly as Steve and Dave do, I couldn’t imagine how boring and wasteful it would be to not work.
Steve and Dave contribute their time to others and set high standards for those they help to live up to.
I cannot begin to explain how much they have helped and pushed me, after a year for knowing Steve and Dave I can say with confidence I have a bright future and I aim to be as honest and hard working as they are, and when I don’t need to work I hope to work to help others as they have helped me.
Phil
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 DesignsAuthor of Investment Detective
Hi
There is only one field for rental income on the budget page, if you calculate the expected rental income for the year and then divide by 52, (if you click tha calculator button next to the field it will help you do this) that will give the average weekly rental income.
Hope this helps
Regards
Philip Batey
JATPAC DesignsAuthor 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 DesignsAuthor of Investment Detective
Hi Mikala
Below is a description of the 11 Second rule from the help in ID, you can press F1 from almost anywhere to get information about the ID feature you are using at the time.
The basic calculation for the 11 Second rule is (PROPERTY COST / 1000) * 2, this will give the minimum rent required to return a positive cash flow.Equally, (RENT / 2) * 1000 returns the maximum purchase price for the property to return a positive cash flow.
These figures equate to a gross rental return of approx. 10.4%
This calculator will return either figure as well as evaluating how close to the 11 Second rule the figures come.
The 11 second rule is a quick way to do the basic sums in your head when your out and about or browsing the paper or internet.Hope this helps
Regards
Philip Batey
JATPAC DesignsAuthor 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 DesignsAuthor of Investment Detective
