scratchme replied to the topic Managing ever increasing number of IPs ??? in the forum The Treasure Chest 21 years, 7 months ago
Hi BorisS,
This is exactly right! It becomes VERY time consuming when you have more than 5 properties…
One of my best advice is get a good property manager and get them to sort out your bills for you (like water rates, council rates, etc…)
You will also need a good filing system.
This is also one of the major reasons why I started the APIM…[Read more]
scratchme replied to the topic Refinancing – has anybody done it on IP? in the forum No Subject 21 years, 8 months ago
Hi BorisS,
I am not sure whether I understand your example, but the simple answer to your question is:
You can claim the interest on the portion that is used to invest with. (It does not matter where you get the money from)So let’s say that somehow you have $100,000. If you use $80,000 to invest with then you can claim the interest on that…[Read more]
scratchme replied to the topic Property Types and Stamp Duty in the forum The Treasure Chest 21 years, 8 months ago
OK after some internet searching I found this site
http://www.stampoutstampduty.com.au/rates.htm
It calculates the Stamp Duty for each state. (Each state is different.) and Victoria seems to pay the most (2nd is NT). The state that pays the least is (not suprisingly) Queensland.
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Australian Property SoftwareAPIM —>…[Read more]
scratchme replied to the topic Property Types and Stamp Duty in the forum The Treasure Chest 21 years, 8 months ago
Looking for stamp duty info I came upon this link
http://www.taxinstitute.com.au/CDA/Stories/Individual/1,1030,37255,00.html
which talks about Stamp duty “corporate reorganisation exemption”.
Does anyone know more about this?*************
Australian Property SoftwareAPIM —> http://www.apim.com.au/beta.html
APDM —>…[Read more]
scratchme replied to the topic Free software, Beta testers needed! in the forum The Treasure Chest 21 years, 8 months ago
OK thanks Brett,
I have sent you a patch (to your grafx email address) which will fix the problem.
For comments please use the forum http://www.apim.com.au/files/forum
or email us directly at beta@apim.com.au.
Thanks
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APIM coming very soon …APDM coming soon …
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scratchme replied to the topic Free software, Beta testers needed! in the forum The Treasure Chest 21 years, 8 months ago
HI Brett,
No there isn’t a problem. I am not sure why you are having this difficulty.
What browser are you using?Ben
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APIM coming very soon …APDM coming soon …
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scratchme replied to the topic Dont’ you just love Capital Gains Tax! in the forum The Treasure Chest 21 years, 8 months ago
Hurricane,
I think it will not be as bad as you think.
How long did you live in the first house?
(I am NOT an accountant. Please see your accountant to double check this..)
Say you lived in it for 2 years, (which is 24 months) before renting it out and you have rented it for 10 months.
The percentage of the time it was a IP is about 10/(24+10)…[Read more]scratchme replied to the topic Analysis Spreadsheet in the forum The Treasure Chest 21 years, 8 months ago
OK here is the link http://www.apim.com.au/apdm.aspx
You will find the download links at the bottom of the page.
I have put an example in already so that you will know how it works.
Report any bugs to support@apim.com.au
Enjoy!*************
APIM coming very soon …
APDM coming soon …*************
scratchme replied to the topic Analysis Spreadsheet in the forum The Treasure Chest 21 years, 8 months ago
Hi Graham,
I have nearly finished a spreedshet that does (i think) everything you are looking for.
It is called APDM (Australian Property Decision Maker.) If you would like to test it with me I would be more than happy to let you use it, however it must be used on a “use at your own risk” basis.
I developed it using openoffice calc. (Since it is…[Read more]scratchme replied to the topic What is the strategy ? in the forum The Treasure Chest 21 years, 9 months ago
Hi everyone,
I am just wondering… How do you keep track of all the paper work when you have more than 10 properties (Let alone 50!!).
All the bills etc… Seems like a good program is needed
Can anyone tell us how they do it (their thoughts on this and a few explanations.)
Thanks
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APIM coming soon …*************
scratchme replied to the topic Why rental properties are for the poor investors in the forum The Treasure Chest 21 years, 9 months ago
Hi ireland,
What about a 6.45% fixed interest for 5 years starting from now.
Interest rates will probably remain the same or go down during the year. When they start going up again, lock yourself into a fixed rate.
Just something to think about… I know it all really depends what your strategy is etc… but the thought I can’t get away from is…[Read more]
scratchme replied to the topic Selling our home to an investor? in the forum The Treasure Chest 21 years, 9 months ago
Sure,
Tell us more about the property and you might find one here!
APIM
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APIM coming soon …*************
scratchme replied to the topic Beta Testers for New software in the forum The Treasure Chest 21 years, 9 months ago
OK,
A great thanks to all of you who submitted an application to join the beta program. We will be reviewing your applications and will be in contact with you shortly. For those how missed out, there will still be a free version (with all the functioanlity) but limited to two properties.
Stay tuned….APIM
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APIM coming soon…[Read more]scratchme replied to the topic Beta Testers for New software in the forum The Treasure Chest 21 years, 9 months ago
Oh, I forgot….
Our privacy policy is simple: We will NEVER give (sell or rent) your information to anybody (or any organisation). (Full stop!)
You can have total peace of mind.
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APIM coming soon …*************
scratchme replied to the topic LOW returns into HIGH returns in the forum The Treasure Chest 21 years, 9 months ago
Hi Leigh,
Even though this looks really good at first it is infact very risky.
The risky part comes from the fact that you have no control over the exchange rate. For example if you had done that about 7 years ago when 1 aussie dollar was worth 0.7 US you would be crying now. (even though things look like they are getting better.)
For example…[Read more]
scratchme replied to the topic investing from abroad in the forum No Subject 21 years, 9 months ago
Hi Tamara,
I came across this web site a few days ago, it might be of interest to you:
http://www.australiapropertycentre.com/I am not sure about the content since I didn’t spend too much time on it.
Ben
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APIM coming soon …*************