[mh1524Member@mh1524Join Date: 2003Post Count: 3]

March 1, 2004 - 5:45 am

Hi I have been using ez-rent for a while to assess my prospective purchases and find it a good tool….btw I am a software test manager for an IT company []

Regarding a product doing everything, I think you need to decide the purpose of ez-rent. I use MYOB to record all my tax info and ez-rent as a tool to use in the planning phase of buying property. From experience some software development companies go too far and try to develop something that is the bees knees…they then end up losing money because their strategy was flawed initially.

I reckon leave the purpose of the tool as a calculator. Once you add on financial tracking you have a lot more legislative rules to address.

[mh1524Member@mh1524Join Date: 2003Post Count: 3]

January 9, 2004 - 6:22 am

Matt congrats on being motivated to do something at an early stage in life. As you can see there are lots of different opinions/strategies. My advice is not one way or the other but decide when you start looking at properties. I am mentoring some friends in exactly this way. The reason this is my approach is you don’t know what type of property you’ll find. It could be the 400k with good growth/rental yield or the 70k with good rental yield.
When you start looking you will firm up your strategy yourself as you’ll have a better idea of what is available. As you have been in this forum for quite some time I imagine you have seen the pros and cons of all different paths. Trust yourself and follow the path with which you are most comfortable.
Good luck.