I think there maybe tax implications too. Tax aviodance and selling to related parties. When calculating capital gains, if selling to related parties you need to calc at market value…..something like that….

Seek tax advice before you proceed.

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…[Read more]

Whats wrong with helping yourself?

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

Me. I would love an all in one – both a property management application and a simulator/calculator.

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…[Read more]

What I want to be able to do is add receipts and expenses.

eg When i receive my july statement from the RE agency, I want to be able to add the income and what the commission was. I would also like to enter the date and details eg. agency.

And when entering expenses i would like to enter the type of expense eg. rates, date of transaction, inv…[Read more]

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?

Pisces

I am not sure what type of night you had last night but I thought your words were a little harsh for markpatrick. I did read them before the moderator got to them.

I dont always agree with what he saya but I never thought he deserved that.

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. The purpose is for income producing purposes

YES

No. The purpose of the $40k borowings is for your PPOR which is not for income producing purposes therefore not tax deductible.

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…[Read more]

Maybe – your in a position to buy another investment.

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.

I reckon the real estate agent has a moral obligation to present only reasonable offers.

What would you do if you were the vendor? I would tell the agent to piss off.

I was selling my PPOR during an auction campaign. The agent came to me with a shitty offer, I felt like telling him where to go. He was obviously conditioning me for a lower…[Read more]

I need to clarify. I dont buy in cbd. I dont advocate that. I buy in the surburbs of a city near where I live. If I had $250k to spend I would prefer to buy a 2 bed unit in the surburbs of Melbourne say Mentone and not in a rural town.

If I had a little more like $350k then I would prefer to buy a house in the surburbs of Melbourne like say…[Read more]

<<<100k to charity>>>>

I missed that part? Maybe I got distracted by the kids. Whats going on there?

The doubts I have about the Investors Club are that the properties may be overpriced and these overpayments can be hidden in a boom property market we are going through now.

In this months newsletter my worries are confirmed a little in the article “My Inbox”

Let me quote.

“Thank you The investors Club – $111k – indicative 47% capital growth…[Read more]