Forum Replies Created
Thanks Paul.
Hi Paul,
Thanks for the post. I'm more after a software package to generate statements – not so much a specialist property manager. I am happy to manage rent to own properties myself but need a better system for generating statements. My excel spreadsheets are too cumbersome and time-consuming and it's too easy to make a mistake. I heard about programs like Property Manager Pro and Rent Manager but thought there might be a specialist rent-to-own software package out there.
Can you tell me, is the LoanAlert product suitable for normal loans as well as for wraps? I have sold some properties (that I build) on second-mortgage-carry-backs so have loans to other people. Again, I currently generate statements using excel documents but would prefer a more robust system
Thanks.
Tony
Hi Mitzvah,
The answer to your questuion is “I don’t know but I imagine the expenses can be passed on in some way”. However, with most Sydney properties the passing on of the expenses would not be enough to make the investment cash flow positive. By my calculations it would make most of them cash flow neutral.
As I mentioned before, perhaps (and hopefully) I am missing something.Tony
I may well be missing something here but, as I understand it, a wrap will provide you with cash flow each month but a LO will not.
I am hoping I am wrong on this but here is a rough example:Someone buys an investment property in Sydney. With the curent low rental yields a 420k property might produce a rental income of 325 pw. After all tax considerations the property would cost the investor approximately 3000pa. (for the first few years).
Now, if the investor wrapped the property he/she would receive a monthly net income (after all expenses apart from tax) of around 400pw.
But, if the invester sold it on LO and gets say an additional 40% in rent ((325*40%=130)+325=455) the property, after all tax considesations, would roughly break even. It would’nt produce any monthly income.
So, based on this, why would someone LO?
I am hoping I am missing something here as personally I can see some big benefits in LO if it produces cash flow.Any insights into this would be appreciated.
Tony
Thanks Alistair,
Purchasd the Trading Post and it was good to see several ads. I am not just after the ads, more a complete, proven system for selling on low deposit. I am also not against spending money as I know there will be a cost to learning on my own.
I’ll see if I can get hold of one of the products to have a look. If either provides the kind of info I am after I will purchase.
Thanks again.
Tony
Hi Richard. I am in Sydney, NSW
Hi Xenia. I am aware of Rick’s product – I just don’t know which product (if any) provides the most information on selling on low deposit.
Thanks.
Tony
Hi Beth and Terry,
Thank you for the replies.
Terry, I have’nt tried offering an incentive to agents (to sell within a given time-frame). I will consider it. Thanks.
Beth, I am based in Sydney and a few of my projects are on the North coast. I will take you up on your offer and call you for a chat, thanks.
Tony
Hi enduser,
Thank you for the interesting comments on commercial property. I will continue to do duplex developments but feel I should get involved in another area of real estate incase values drop significantly more. I’m not saying I expect them to but I realize that I am somewhat vunerable right now. If values dropped another 18% I would make zip out of my projects. However if I had a significant net rental income I would be less concerned. For this reason I am looking at getting into positive cash flow properties, either commerical or residential. I have no experience with either so am still trying to work out which is more viable for me.
Thanks agian.
Kind regards,
TonyMany thanks to all who replied. I obviuosly have a lot of research to do and your comments were appreciated.
Kind regards,
Tony
