Hi

There have been a few questions about what Investment detective is. I have pu together a very brief description, more to come when it is release on the web site.

Investment Detective is property investment software that has 2 roles,

1. To help evaluate a property’s profitability before purchase. Bottom line, is it going to make money for you? Compare several properties at once and pick the best performer.

2. To keep track of each property’s performance once you purchase. Enter the budget at the begining of each year and enter you’re actual figures at the end of the year. Did it make the profit and capital gain you budgeted?

It allows you to enter all the financial information about a property and it will calculate cashflow, ROI, profitability, equity and finance figures plus lots more.

The figures can also be shown as weekly, fortnightly, monthly etc.

Investment Detective is a powerful calculator, so you can enter any figures and it will work, in any state or country. It won’t calculate what a property is worth for you, you have to do that research yourself.

What it will do is, if you enter in your budget that you expected your property to increase in cg by $10,000 and at the end of the year the property cg was different, up or down, you have the opportunity then to evaluate that properties performance. At this point you can start asking questions about the reasons for the difference.

Just because the property was profitable, from a cashflow point of view, doesn’t mean you should ignore the cg performance.

You can enter property costs, detailed closing costs, detailed ongoing costs and property income (rent and other income eg. tax rebate as other income, you need to see your accountant for this figure).

Also, each element of property costs and closing costs can individually be allocated to either loan or equity finance options or cash, this allows Investment Detective to calculate and allocate the finance repayments correctly to the ongoing costs. Finance repayments can also be entered manually eg. if you want to make extra repayments.

Amongst the many figures produced is the “net cash flow”.

You can also enter the expected occupancy and the results will be displayed for that occupancy as well as 52 weeks, side by side.

More to come soon…

Philip Batey
JATPAC Designs

Author of Investment Detective