GWF – Gas Wall Furnace.

Thats my guess.

Unchanged – but I got it wrong last month.

I understand where your coming from mh1524 but all I want to be able to do is enter simple income and expenditure transactions.

I am not asking for legislative income tax requirements.

Come tax time all I need is a profit and loss statement by property and a report listing my detailed transactions.

I was using property manager pro for my property transactions but I have upgraded PC’s and lost the CD.

I have decided to use excel to record my income and expense transactions. I dont believe that property investors need alot of functionality to record their income and expenses.

I believe that if ez-rent provided the ability to record income and expenses, you would have one property software tool that addressed calculators and transactions.

As a day job I am an accountant/systems analyst with a leading US based financial management software company. However I yearn for the day I can be like Westan and spend more time with the kids.

That sounds really tenant specific. I cant really see how a new tenant will appreciate that nor add value to the property.

You have to decide – what do you want – capital growth (sounds like the property you have) or postive cash flow.

Me I prefer capital growth. I want my assets to grow. Postive cash flow properties do not tend to grow and Steve acknowledges that. Once I am closer to semi-retiring, I will then invest in postive cash flow.

If you reckon the property will grow in value and you can afford to make the re-payments, they why not keep it.

Hi

I downloaded the product. It looks great but what I really need is to be able to add income and expense transactions.

Are you going to allow income and expense transactions and then get the totals to roll up?

Good point Diggler.

I think the difference here is that its not using Deposit Bonds and all property investment transactions are done at arms length (not Kaye Projects) with positive cashflow outcomes.

YES

As mortgage Hunter intimates

1. If your going to use this savings for further property investment purposes then put it on the redraw. There is no problem redrawing as the purpose for borrowing is for investment purposes.

2. If you want to use the savings for a PPOR, then you are better off putting it into a savings account. That way there is no conflict between what the purpose of the money is. For your PPOR (which is not tax deductible) and investment loan.

Well – What you do if you were the Agent? Would you too not want a 10% deposit to cover your Commission.

If I was an agent – I would say – If you want to make a fair dinkum offer, come up with the 10% or dont waste my time.