Hi guys, just a message that i have fixed the stamp duty up by using an IF statement, my spreadsheet now works for properties from 20,000 to 115,000 aswell

if u want to manually fix the stamp duty bit then all you do is copy and paste this formula into your spreadsheet where the stamp duty column is:

for the P&I and the Int only…[Read more]

Well over 80 people have my spreadsheet, unbelievable, considering it has been right in the middle of my uni exams. Just a quick note,

if you put a property value in under $115,000 the stamp duty will not be correct. This is because the formula i put in for stamp duty was the one from the bracket $115,000 to $800,000 which is $2,560 + 6c for…[Read more]

Good guess Arty, i spose we’ll just have to wait and see, i have a feeling there will be no more levels though[]

I still think platinum should be a different colour than the moderators, but anyway, we’ll just have to cope, lol

Fudge111[]

Thanks Sooshie, I am quite happy with it too, considering how little i knew about this stuff like 4 months ago.[]

Melbear, can’t put the interest in with the other cash flows as it is different over the 3 years ie you pay more interest in the first year than in the 3rd, that’s why i have the proration vlookup table.

I could do it that way if i…[Read more]

Hi everyone,

Well, i’ve sent my spreadsheet to over 55 people, but only around 10-15 have the new version.

From now on i will only be sending it to people who email me directly, if you reply to this thread, i will not send it, so please email me to get your copy

fudgetc@hotmail.com

Regards

Fudge111[]

Hi guys, i understand what a QS does, but what does it actually stand for?

Could you please reply

Regards

[]Fudge111[]

Great list Troy, that is definately a great starting point, sure a little more further investigation would be needed such as hitting the streets and getting a feel for the place.

But that is more than a good starting point, very comprehensive, i’m impressed.

Fudge111[8D][][^]

Hi again

I have sent my new version around to a few people, it covers the needs of everyone now as you can work out profits and cash flows for any loan term, P&I and also int only.

If you want it, contact me

fudgetc@hotmail.com

Fudge111

Everyone,

I have made an enhancement to my spreadsheet where you now can calculate cash flows over any loan term you like, it is in a seperate worksheet called “Property 1 term”

So now my spreadsheet is much more flexible, if you would like the update, email me

fudgetc@hotmail.com

Thankyou

It’s not too bad Kelvin, but it fails to take tax into account, still it is a good rough indicator, and you are not restricted on your loan term like mine.

Fudge111[]

Hi guys,

I must re-iterate to people that could you please email me on

fudgetc@hotmail.com

if you want a copy, there is too much demand for me to keep on sending seperate emailsall the time

Regards
Fudge111[]

Hi Jay

Could you please email me

fudgetc@hotmail.com

it’s easier for me that way as i have to send to so many people

Regards
Fudge111[]

That is true Josh,

However, the main thing about +cf properties is the certainty, you are almost certain of earning passive income from these properties, the ones that are held for capital gains you are never certain if the capital gains you expect will occur.
And while you wait for the appreciation you have to source the investment out of your…[Read more]

Golly, this post has only been up around 24 hours and i have already sent my spreadsheet to over 40 people!

That’s like 1 person every 40 mins!

Please send comments about my spreadsheet, i would love to hear them,

Regards

Fudge111[]

Sure Josh,

We’re looking long-term. Broz and I can sacrifice for a few years to get the rewards later, we are only young (20) and we aren’t like most youngsters who wanna spend alot. In fact, we can enjoy life just as much living off hardly anything i reckon.

Then when we are older we will be set, money will never be a problem, and i can choose…[Read more]

Kris,

I’m not particurly looking for +cf properties, the more positive the better, but because i pay them off so quickly they don’t really need to be positive, they can be a bit more towards capital appreciation.
[]Fudge111[]

Hi Everyone again

Amazing stuff, so much interest, umm, i’ll have to take sooshies advice and from now on if you would like a copy could you email me

fudgetc@hotmail.com

Kris, How”s it going, Broz and I are both 20 years of age. My ss is quite restricted to paying off houses in 3 years or less, but besides that it is very good.

Fudge111[^]

Still plenty of interest everyone, i have sent it to 16 people in one morning!

I am more than happy to share it with as many people as possible, so for a copy reply back and i’ll send it via email…..

Fudge111[]

PS: if anyone makes changes to it to make it better i’d love to see them too!

Thanks Lisa

I mean i must admit i have based my plan on properties valued at 160k and renting at $280 a week.

These properties would be close to +cf properties and wouldn’t be too easy to find, i spose it may be all to do with the property market and what it does in the next couple of years, noone really knows do they. Broz and I still have 2…[Read more]

Yeh, i understand that Lisa, i was just refering to the 2.5% depreciation on a house built after 1987. There is 4% for houses built 1985-1987, does anyone know why?

Fudge111[8D]