I just use an excel spreadsheet. The investment detective software no doubt has a bunch of lines that you fill in (itemising costs etc). If you just list these lines into a spreadsheet you should be able to provide your accountant with the same information you already provide them.

I have outlined my process of analysing an deal in the following discussion https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/

I thought the rental sector has been one of the biggest radical disrupted sectors, what with Air B&B and the like.

Hey Darryl, how has your portfolio weathered the last 12 months of price deflation? Have you experienced any negative equity?

Have you had some free cash to purchase properties in the past few months?

Hey Rich, out of interest which part of Melbourne are you considering purchasing in? Which part of town would you consider living in yourself? Would you like a townhouse, unit, duplex, detached 3 bedroom house?

I will take a real example from your area and apply the analysis I complete when considering an investment, so if you have one you like…[Read more]

Awesome, thanks for the additional info.

Firstly congratulations on setting yourself up so well to start investing, having no major debt is a great achievement. Having completed a balance sheet, cash flow statement and knowing your net worth means you are already ahead of the pack… well done.

My first bit of advice to everyone who is…[Read more]

Rich, I would need a little more information from you to provide any type of advice, such as:

1. What are your investment goals (such as: own 1 investment property, achieve a certain income goal from investments)?
2. What is your time frame (5 years, 20 years etc, this will make a big difference)?
3. What is your level of investment knowledge and…[Read more]

A little update on the over 55’s investment. We have now purchased a 2nd unit, again for $86k, it is also tenanted for $220/w. Both of our tenants are very happy with the complex.

On the topic of tenants, both units have tenants over the age of 80 in them (a single in one unit and a couple in the other).

At this age the expected tenancy period…[Read more]

We sure did Kengw022. We purchased for $86K (220/w rent). It has been great, the tenants are great (we self manage), it was positive geared in the first FY as expected (we made $1,500 above all costs, including financing, rate, body corp etc).

The last two units in the complex have sold for $95K each, so that represents a 13% capital growth in 12…[Read more]

I think the couple are doing a great job too, maxing out one’s lending capacity is quite a popular investing methodology.

My investment goals differ somewhat (not better or more right, just different), but if all goes to plan for the couple in the show they will end up much richer than I, and I think they deserve to rewards.

The topic of the…[Read more]

I like the way you are thinking Benny. 42% the median rent for working families could be considered a soft limit.

Next step: ascertain the median rent in the region.