This may have some useful info for you (although now 3 years old..)

http://www.travismorien.com/FAQ/main.htm
go to “real estate”, then “Some Tips from Paul” and “Some More Tips from Paul”

cheers

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

Well I am still scared of the ATO, but I love this idea and it simply never dawned on me before..

I am very naieve to a lot of financial matters. If it was this easy you would think by now that some enteprising person could manage the legalities and manage the process for a management fee. (find the people with the money and introduce them to the…[Read more]

So if its an ‘informal’ arrangement, with (in my case), my brother in law, the same thing applies?

Knowing the ATO, it wouldn’t suprise me that declaring something as a gift is not enough to satisfy them?

comments?

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

Soooo, assuming that you declare the payments from the offset account owner as income to the ATO, you may as well go with ING?

Or is the difference between the ING interest rate and a std variable interest rate enough to make the interest saving of sufficient significance? (assuming you are paying the person 1% less than std variable rate as per…[Read more]

Robert

Excel formulas are not a problem (ez-rent was once an excel sheet seemlingly like just about every RE software package).

I take the excel formulas and rewrite them in Visaul Basic. I tried to work out a way to handle frequently changing stuff like stamp duty formulas via config file, saving having to issue an update. But it proved to be…[Read more]

Gday

One caveat.. EZ-Rent v2 was released prior to all the state/federal budgets unfortunately, and I haven’t had time to update it for this coming FY as I’m in the process of selling/shifting house.. I don’t think v2.1 will be out for another month or so..

Paul
info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian…[Read more]

as a follow up..

Co-incidentally, I had another user report to me an incorrect interest calculation, but in the end, the issue was the user set a property purchase date of 1st of January. As a result, interest was only calculated for that portion of the financial year (Jan-June), leading the user to beleive that the calculation was wrong.

Did…[Read more]

Only just saw this one.

If the figures are incorrect I’m happy to fix them. I got the app checked over by 2 accountants to be sure, but its intention certainly isn’t a marketing tool..

PM me with specifics..

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

I also did a subdivision have done this a couple of years ago and posted it to a newsgroup which eventually got into its FAQ.. I think its still relevent except the costs are now probably 10% higher across the board..

http://www.travismorien.com/FAQ/realestate/paulpropertytips.htm

and the specific subdivision…[Read more]

Hi

EZ-Rent has a property condition checklist which, while not geared towards ‘rentability’, allows you to cover a lot of things that affect it such as drainage, carports, security, etc. You may find it useful.

Just load it up, click on “Buy New Property” and check the “Property Checklist” tab.

cheers

info@ez-rent.com

EZ-Rent. The free tax…[Read more]

Isn’t this just a property syndicate or am i missing something?

http://www.propertyoz.com.au/data/info/BuildYourWealth/syndicates.htm

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

This I assume also spells the death of optimised loans where you pay reduced interest on your non deductable line of credit vs a higher interest on your deductable.

(see the thread “4.49% line of credit”) from a couple weeks ago..

info@ez-rent.com

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out…[Read more]

I can tell you with absolute certainty that not all Perth suburbs are rising. I’m in ST James and the prices are already $10-20k from their peak. I have been looking in Lathlain, Rivervalue, Kewdale, Victoria park and East Vic Park and the trend is consistent across these suburbs. My latest valuation is now $20k less than 9 months ago.

Originally…[Read more]

When Today Tonight start mentioning the property boom

Any other surefire signs that the market is about to peak.

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

Firstly, I doubt your council would give you the necessary approvals to do option 2..

Secondly, everything would have to be ‘fair market value’ as far as the ATO is concerned. If you discount because its a family member, you will certainly get yourself into trouble..

As Michael says, you had better see an accountant..

EZ-Rent. The free tax and…[Read more]

I think to determine where we are, one would have to graph a couple of stats

% of median house price to average income (maybe across a couple of tax brackets to get a good feel)

Then take factors like interest rates and apply a adjustment them to balance that factor out.

I haven’t done it – but I’ll bet there has been a significant upswing from…[Read more]

I wouldn’t use them anyhow as I have no non deductable debt so I get no benefit. I think such entry fees are outlandish myself and are probably more like broker fees..

EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.com

Bang on the money Matt.

Of course, its easier said than done and few will ever get it totally right. Look at the share market over 2001-2003. It was a dog and if you bought 1 year into the stock bubble bursting expecting a rebound you’d have been dissapointed as it really took 3 years.

It all comes down to defining and recognising ‘value’ I…[Read more]

I don’t think its a buyers market just yet. Corrections almost always overshoot and then revert back to the mean. I’m not even sure that we are anywhere near the mean yet..

I have a friend who runs a real estate business over east who is into mortgage broking, off the plan sales, seminars and management consulting and the like. We went to school…[Read more]

Hi

You need to start delving into VBA. Load up Excel, hit Alt-F11 and get scared

Seriously though this lets you write a custom function (say, called stampduty that accepts 2 parameters, the state and the property amount.). It spits out a number with the stampduty value.

You can then call this from within an excel cell and the parameters can be…[Read more]