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Manual Investment Detective Version 2.1 Copyright JATPAC

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1. All reports will display as print preview allowing for the report to be reviewed and optionally directed to a specific printer or exported as a PDF RTF or HTML file The HTML option will also create a folder for any images displayed in the report This report contains all the information calculated and displayed on the History Performance page of a property There a three options for printing this report Page 38 of 55 Property Investment Detective Version 2 1 Designs 1 Performance for Budget figures only Select the File gt Print gt Property Performance Budget option 2 Performance for Actuals figures only Select the File gt Print gt Property Performance Actuals option 3 Combined performance for Budget and Actuals figures select the File gt Print gt Property Performance All option Onions Calculators Toots Help E New Portfobe CtrtP lode eC Display Property 1 Mew Property Chri ai F Potioio C e ooo 7 Export Property P Property Detak with Gallery a Import Property Property Budget H save Cotes ML Property Actuals AL Bol Guer Manger Clap Property Performance Budget WW Gr Property Performance Actuals Property Performance All 3 E Pete Summary Portfolio Performance Report All reports will display as print preview allowing for the report to be reviewed and optionally directed to a specific printer or exported as a PDF RIF or HTML file The HTML option will also create
2. 1 827 09 164 46 164 46 Gross Equity rod OS 9 ET LG Hat Equity GD Fo aas KH 7051 Show Budget check this option on or off to display or hide the budget figures Show Actuals Check this option on or off to display or hide the actual figures Show Budget Show Actuals Save Allows a properties history performance to be saved to an excel spreadsheet Print Print history performance information for a property Reports Details Report All reports will display as print preview allowing for the report to be reviewed and optionally directed to a specific printer or exported as a PDF RTF or HTML file The HTML option will also create a folder for any images displayed in the report This report contains all the information collected on the Details page of a property is displayed in full in this report Note This does not include any documents stored with the property There a two options for printing this report 1 Details only with only the first picture stored with the property Select the File gt Print gt Property Details option Page 36 of 55 Property Investment Detective Version 2 1 Designs 2 Details and a complete gallery of all the images stored with the property select the File gt Print gt Property Details with Gallery option Options Calculators Toots Bee E New Bettcha hP ken BEE Cesclau Property 1 Mew Property Ctri h ei E Potio Property Detak r Property Detak wth Gal
3. Enter either a deposit percent figure or set the deposit percent figure to O and enter a fixed deposit amount Allocate the balance and deposit to either Cash Loan or Equity Property Costs Purchase Price 75 000 00 Depost 20 19 000 00 Equity Balance 976 000 00 Loan Property Value Enter the current estimated property value Enter the estimated annual capital gain Estimated Property Value Current Market Valus 77 000 00 Captal Appreciation 5 000 00 pa Page 23 of 55 Property Investment Detective Version 2 1 Designs Weekly Cash Receipts Enter the weekly rent Enter any other income generated by this property as a weekly figure Weekly Cash Receipts Weekly Rent 155 00 a Expected Occupancy 48 2 31 Adjusted Rent 143 00 Other Weekly Income 40 00 ay Tax Benefit 30 50 a Closing Costs Enter all other associated cost related to the purchase of the property The Mortgage Duty and the Stamp Duty calculators are to be used as a guide only check with the relevant authorities to get an accurate figure Closing Costs ist Yr Onky Allocate Al Closing Costs o Cash w Legal Costs 1 200 a Cah w Loan Application Fees 250 ap Cash e Mortgage Regetration Sale Cah w Mortgage Duty pasg cach e Mortgage Insurance le Cash w Other Borrowing Costs 0 ap Cash w Stamp Duty pran Cash k Building Inspections 375 a Cath ow intial Repairs 0 ap Cash w Miscellaneous Costs lei Cash e Finders Fee l
4. Page 37 of 55 Property Investment Detective Version 2 1 Designs Actuals Report All reports will display as print preview allowing for the report to be reviewed and optionally directed to a specific printer or exported as a PDF RTF or HTML file The HTML option will also create a folder for any images displayed in the report Select the File gt Print gt Property Actuals option Options Calculators Tools Help E New Portfalio Chr Lon Cisplay Property 1 New Property Chan 10 Portfolio aoe ooo aa Export Property Property Detak with Gallery nal Import Property Property Budget H Gove Cortes ML Property Actuals A RolOverManager CtrhR Property Performance Budget Ext E Property Performance Actuals E Property Performance Al Portfolo Summary sit This report contains all the information collected on the Actuals page of a property is displayed in full in this report This includes the calculations Investment Detective performs and displays in the results area below the blue line Additionally all the item details recorded are reported including sub totals for the item group and all dates amounts descriptions and comments for each item When running this report historical data can be optionally included select any or all of the historical data from the selection dialog to include this information in the report The current data is selected by default History Selection Performance Report
5. units and resort style accommodation Council rates Fees and levies charged by the local shire council for provision of services including roads garbage etc Contact your local council for an accurate allowance Utility rates Fees and levies charged by utility bodies such as gas water and electrical bodies Contact your local council for an accurate allowance Land tax A tax charged by the State Government based on the unimproved value of the land Use the calculator for an indicative guide but always calculate the actual amount as rates may change Insurance premiums Expenses associated with various insurance that may be applicable on the property such as house contents landlord s etc Page 52 of 55 Investment Detective Version 2 1 Designs Maintenance costs Normal repairs and maintenance of a non capital nature For tax purposes this category needs to be limited to minor repairs rather than replacement of assets Contact your accountant if unsure of the correct classification Capital Costs Cost of structural repairs or acquisition of capital items such as furniture that need to be depreciated rather than expensed Contact your accountant if unsure of the correct classification Depreciation Budgeted amount of depreciation to be claimed See your accountant to gain a reasonable estimate Miscellaneous costs Other expenses not previously separated Summary Six Second Solution To meet the six second solution yo
6. 2006 Update Release Version 2 0 Added Feature Tax Benefit estimator Added Feature ROI calculation Added Feature Goer calculation Added Feature NPP calculation Added Feature NPPv3I calculation Added Feature Risk Free Return calculation Added Feature Danger Money Multiple Updated Feature Backup and Update tools ask to restart ID after processing complete Added Feature Numeric input can now handle formatted entry Eg 5 000 00 Added Feature Keypad for numeric entry can be turned on in the preferences Useful for tablet devices Updated Feature Scrolling regions made more user friendly for small screen navigation below 1024 X 768 resolution Updated Feature Improved multi monitor support when in full screen mode Added Feature Selectable option to use equity amount as well as the Cash Needed in the Cash on Cash and Payback Period calculations Added Feature Investment Detective User Manual Added Feature Investment Detective Tutorial Manual 01 04 2006 Update Release Version 1 2 0 Added Feature Added Managing Agent Added Feature Added facility to store and edit view documents for a property within Investment Detective Added Feature Import and Export properties Added Feature Backup Investment Detective Data Utility with configurable backup location Added Feature Online web update utility to check online for updates and new features Added Feature Reports Property Details
7. Added Feature Tax and Duty tables have been replaced by a fully customisable system so any calculation table can be set up by the user Fixed Bug where profitability section would show a Principal Payments amount even if interest only was selected for a finance option Fixed Bug where the calendar did not default to the current date 04 04 2005 Update Release Version 1 0 3 Enhanced ID to cope with unusual customised display settings Fixed Bug where About Screen could be displayed more than once Fixed Bug where notes did not save correctly if user switches between properties while editing notes Fixed Bug where Master Summary Break Even Occupancy not calculating correctly Fixed Bug where Break Even Interest Rate not calculating correctly when both Loan and Equity options used Added support for dual screens to full screen mode Fixed Bug in VIC Stamp Duty where values over 870000 not calculating correctly Fixed Bug where properties could not be deleted when Delete All selected while editing property data Added Principal Repayments to Net Profit calculation Added Disclaimer to registration screen Updated EULA Fixed Bug where Save property sets budget mode to Budget even if set to What If Fixed Bug where What If Accept did not work all the time Enhanced What If reset to work while in What If mode Fixed Bug where key dates did not clear from history when date is deleted 07 02 2005 Update Release Version 1 0 2 Updated r
8. Portfobos Combig Country Australas Calculator Income Tax D r aas DISCLAIMER Always use ap accounbant bo caloulabe an accurate Tax Benefit Lise this caloulotor ONLY as a guide Using The tax benefit estimator can be used to calculate the tax benefit against a single property or across many portfolios Using the estimator for a single property can be misleading as other properties in a multi property portfolio will affect the end result for any tax benefit estimate The most realistic way to use this feature is to estimate across all the portfolios that can have a tax benefit applied in general this will yield a lower amount for the tax benefit than estimating for a single property in isolation Page 43 of 55 Property Investment Detective Version 2 1 Designs Single Property Note Unless you have only one property this is not an accurate way to estimate the tax benefit for an individual property in a multi property portfolio To estimate the tax benefit for a single property in isolation from other properties click on the calculator button in the Tax Benefit field Tax Benefit 31 64 o gt The property deductions field may already have an amount in it enter an amount into this field if required and click Ok Tax Benefit Estimator Amount Config Taxable Income 100160 Property Deductions 7530 68 Other Deductions 7500 Dial ary Der Ce Week O Month C Portraght Lies Tax Benefit 115 62 Other T
9. decrypt disassemble except to the extent applicable laws specifically prohibit such restriction or create derivative works based on the Software c Copy the Software except for back up purposes rent lease transfer assign sub license or otherwise transfer rights to the Software or d Remove any proprietary notices marks or labels from the Software TITLE The Software is licensed not sold You acknowledge that title ownership rights and intellectual property rights in and to the Software and any derived works shall remain solely with Licensor and are not transferred to you Where Licensor acts as the agent of the Copyright holder title shall remain solely with the Copyright holder The Software is protected by the copyright laws of Australia and international copyright treaties DISCLAIMER OF WARRANTY The Software is provided on an AS IS basis without warranty of any kind Licensor disclaims and makes no express or implied warranties including without limitation the warranties of merchantability fitness for a particular purpose and non infringement of third party rights The entire risk as to the quality and performance of the Software is borne by you Should the Software prove defective you and not Licensor assume the entire cost of any service and repair This disclaimer of warranty constitutes an essential part of this Agreement some States do not allow exclusions of an implied warranty so this disclaimer may not apply
10. on Cash and Payback Display Currency AUD ka DMM Experience Average K Auto Save The auto save feature will save your work as you go set this to the interval in minutes indicating how often Investment Detective will save your work Show Hints Once your used to all the terms in Investment Detective you may want to turn the hints off uncheck this and the hints will not display lf you need the hints back just check this on again Confirm Exit When leaving Investment Detective a confirmation dialog asks if you are sure you want to exit This confirmation can be turned off by unchecking this option No warning will be given when Investment Detective is closed when this option is turned off Full Screen Investment Detective is optimised for a screen resolution of 1024 X 768 if you have a high resolution screen and would like to have the main window grow to fill the screen where possible Page 14 of 55 Investment Detective Version 2 1 Designs the Full Screen switch can be set Changing this setting will only take effect when Investment Detective is restarted Use Keypad lf Investment Detective is installed on a tablet device checking this option will enable a numeric keypad that can be used to enter numbers into appropriate fields The keypad also has a simple calculator built in Include Equity amount for Cash on Cash and Payback Set this option to include the Equity amount with the Cash Ne
11. only requirement is that the amount must be represented in the formula as the word amount Eg amount 1 09 Table Calculator Item Editor To Amount Enter the upper limit of the bracket being edited Base Amount Enter the fixed base amount if required Percent Enter the percentage calculation to be applied in the calculation Page 42 of 55 Investment Detective Version 2 1 Designs Formula Enter the formula to be used Almost any mathematical formula can be entered in the Calculator Item Editor The only requirement is that the amount must be represented in the formula as the word amount Eg amount 1 09 Note If a formula is entered the Base amount and Percent cannot be entered Table Item Editar Tax Benefit Estimator Disclaimer Any tax benefit calculation must be checked by your accountant this tool is not a replacement for the expertise need to calculate the tax benefit for any investment Calculating the specific tax benefit for an investment property is a very complex task and as such the calculations performed by this tool should be considered a guide only Configuring The tax benefit estimator uses the built in table based calculation system in Investment Detective this allows for future changes to the tax tables to be updated by the user see Table Calculator Editor The Tax Benefit Estimator is pre configured as displayed below when Investment Detective is installed Tax Benefit Estimator Amount
12. the net and gross profit positions the key figure here is Net Cash Flow Note The Principal Payment figure assumes complete years repayments for the current year and all previous history years PROFITABILITY ms Wks wa Wks Cash Receipts 6 561 8 241 Lag Payments 7 344 7 767 Net Cash Flow 1 016 474 Prepa Payments 193 193 Capital Costs H Depreciation 0 0 Net Profit 1 209 667 After Appreciation 6 209 567 Cash Receipts The total annual income earned by the property including Rent Other Income and Tax Benefit Cash Payments The total annual costs associated with owning the property Net Cash Flow Cash Receipts Cash Payments Principal Payments The amount calculated is an estimation based on assuming a full year of repayments and the total number of years making the repayments Capital Costs The amount as entered in the Capital Costs field of the Ongoing Payments section Depreciation The amount as entered in the Depreciation field of the Ongoing Payments section Net Profit This is the final cash position of the property Net Cash Flow Principal Payments Capital Costs Depreciation After Appreciation This is the final cash position plus the estimated capital appreciation of the property Net Cash Flow Principal Payments Capital Costs Depreciation Est Capital Appreciation Page 26 of 55 Investment Detecti
13. you paid off the equity balance during the period You should be able to source this from the various loan statements sent by your financier Equity Balance The amount of principal outstanding at the end of the period Page 55 of 55
14. 0 Lei Ongoing Costs Total D n Results Summary Risk Assessment Displays the potential risk associated with the property RISK ASSESMENT G Whe Ap Wks Six Second Solution HGS er ar Profit Risk Asseanert K l 106 56 Fleck Free Return 1384 133 54 Danger Morey Multiple g SA Pass or Fail Six Second Solti Pick Free Return DMM Average NPPv3l Net Profit Percentage v 3X Average Interest Rate Asses the NPP compared to at least 3 X the average interest rate so if the loan rate is 7 a minimum NPP of 21 is needed Net Profit Percentage 3 X Average Interest Rate Profit Risk Assessment Asses the risk based on making as a minimum a profit of at least 2 X the amount of interest paid Annual Income Expected Annual Growth 2 X Interest Amount Paid Risk Free Return How much could you earn by just investing the Cash and Equity amounts at the average interest rate The investment should make a profit of at least this much Cash Down Equity Amount Average Interest Rate Danger Money Multiple Page 25 of 55 Investment Detective Version 2 1 Designs The calculated DMM should at least meet the correct DMM in the matrix below Annual Income Expected Annual Growth Risk Free Return Your Skill amp Experience For The w LEMVR Investing Strategy Being Implemented Novice Average Expert Medium 70 85 High on 12 mc mix Profitability Displays
15. Property Details with gallery of images Budget Data with selectable history Actuals Data with selectable history Budget Performance Data Actuals Performance Data Combined Budget and Actuals Performance Data Portfolio Summary with selectable portfolios and global Portfolios calculations Page 11 of 55 Investment Detective Version 2 1 Designs Fixed Bug Under some circumstances the calculation tables would return a higher than expect result 01 08 2005 Update Release Version 1 1 0 Added Feature Multiple portfolios Base and calculation currencies can be set so you can see the results converted to the currency of your choice Property defaults can be set for each portfolio Added Feature The ability to add as many photos as needed Added Feature Ability to copy or move properties between portfolios Added Feature Home summary page can display all portfolios properties and a specific portfolio evaluation Added Feature Home summary page can display result in any currency Added Feature Contacts list for Agents Solicitors and Financiers Added Feature Actuals Items can be entered individually with a date description and notes rather than an annual figure Added Feature The history selection tab has a new page for the itemised actuals Added Feature The history selection print function now has a selection dialog to allow specific history s to be printed rather than the whole history by default
16. Property Investment Detective Version 2 1 Designs Manual Investment Detective Version 2 1 Copyright JATPAC Designs Pty Ltd and Property Investing com Pty Ltd Page 1 of 55 Investment Detective Version 2 1 Designs ENEE 5 Quick Guide to Getting SINS EEN 5 HEP IG AAG IQING EE 5 EE 6 SUPPO EE 6 What to do When reporting AN ertor 6 DORIVWARE LIGENG AG REE OC RE 7 TAI YVO OE E E E EE EE E E E E EE sven oueeeeeasaescex 10 Benefits of regisiermng nnee ne gt 10 FOWO T COIS CP EE 10 VOTON AIS O EE 11 20 05 2007 Update Release Version 2 11 01 11 2006 Update Release Version 20 11 01 04 2006 Update Release Version 20 11 01 08 2005 Update Release Version 710 12 04 04 2005 Update Release Version 03 12 07 02 2005 Update Release Version 02 12 24 01 2005 Update Release Version DT 13 01 01 2005 Initial Release Version 00 13 EN la OGI eeraa nE EARE A EEEE EEEE EAEE EEEE EAR 14 TOODA EE 14 Bastele e EN 14 EEN 14 POVA S a E E E EEA E E EEE E 14 CONFI Ex 14 SIE en na teonmaet asco tesaiasedne E ng gaan de gata deinen ysasaunnaauedaueneeieasaesies 14 SS TC e gctscice E EE E oe sues ose ce sus E E E E E 15 Include Equity amount for Cash on Cash and Pavback 15 Be WER GUE CIC EE 15 Danger Money Multiple DMM Experience ccccecccseccceeeseeeeeeeeneeseesaeeseueeseeeseeeseeesaeeens 15 Exchange S a brvsetesssasyactaserstetodsraateseteiviniedetwsneedeave mr seienyiebvactontusainnent ines h
17. TEEN 30 Actuals dor 33 RE ER nen E 33 DOS CHO NO E 33 Klee 33 POGING Al AGIAN e EE 33 Updating an Actual Evpense 33 Poc aA UU EPEN seraa 33 Property History 33 leie HO EE 33 RODO E 34 PACHA Eeer 34 SONY leid eer eer een et EEEE ne a en ener ene Teer ener Terre 35 Etzella 36 RS ei NEE 36 UOC REDON eree E O E EEEE 37 Actuals gt 0 6 nrn nnre nnen 38 SPIO RIMAGE RODO E 38 Page 3 of 55 Investment Detective Version 2 1 Designs mo ge oul Orona ee E 39 Klee 40 TOS CANCUN OF EE 40 PAQUIN E 40 Ei el de E 40 IGN EN 40 Hegon eee 40 Re 40 SIE 40 Table Calculator Editor 41 WOrKNO WIT TADES EE 41 BEE Cs We WA SIG EOP E 42 Tax AE 0 e 43 CONNORA EE 43 EUREN 43 NOPO Y gee ne een ee E E 44 lei Beate E ege E engt Te E 44 Fields used in the calculaton cece ceeccceeeeceeeeceeeceeeeseeeeeeueeseueeseueessueeseueeseeesaeeesseeesseeeeas 45 LO AIA ten ln 45 MVGCKIY I Cilla E E E slowangusversvensvevaudxsveriusxsveranixoveriner Mevaneusversreesvenesecoens 45 Ride Ee ei e nE E EE E EE E 46 NK ON DEE 46 ONG pea aeecsse EE EEE stan shegste sete ccta ee E EEE EE AEE OEE EEEE EEEE EEE EEE E 46 Rollover Manager 47 TODAY Z e BE 47 Backup Utility ccc ccccccceeceseeeeeeeeeseeeeeeeeeseeeeseeeeseeeeseueeseeeeseeeeseueesaueeseueeseueesaueeseesaeeeesseeeseees 48 BACKUP HOC ln EE 48 Eelef UD EE 48 ROSON a BACKUD te tr set se ee ee err 48 RS STG AGU EE 48 WOD APONEA E EEE EEAS E E E A E AE E EES 49 MSAN le ereenn ro
18. Tax Region The region group if applicable Type The type group if applicable Result The result of the calculation performed on the Amount Tables Page 40 of 55 Property Investment Detective Version 2 1 Designs Table Calculator Editor Each Calculator Table is made up of rows of values that usually as they increase in value have different percentage calculations applied to the row value The income tax brackets are the most common example of how this works At each bracket row increase the amount of tax calculated increases also This is also true of most other taxes and duties levied by government offices In some rare instances a formula is used to calculate the result for a particular row This editor allows for the updating or addition of tables that can be used to do table based calculations These tables can be grouped by Country Calculator Name Region and Type Tables Calculator Editor From To Base Amount Percent Formula o So o 0 65 S00 1 LZ 325 l 125001 zem 1075 1 25 225001 max as 1 5 ICaleulators AustrabajLand TaxfACTiDefauk Working with Tables Groups Calculators EB Country S Calculator Region Table Type Right click on an item in the tree from this menu you can add edit or delete a group Calculators E Australia EL 2 Ce 4dd Calculator Z Edit Country Delete Country The Calculators group cannot be edited or deleted T
19. a folder for any images displayed in the report Select the File gt Print gt Portfolio Summary option Options Calculators Toots Help RS New Portfobe ChP lode RP Cipli Property 1 o New Property Ctrl M 10 SS Potfolio ae oo 7 Export Property G Property Detak With Gallery AS Import Property Property Budget H save ag Property Actuals o RollOverMansger Clap Property Performance Budget D ra Property Performance Actuals E Property Performance Al Portfollo Summary 3 This report contains all the information calculated and displayed on the Home page of a property When running this report specific portfolio data can be optionally selected select any or all of the portfolio data from the selection dialog to include this information in the report No data is selected by default A global summary can be generated at the top of the report by selecting the Generate Summary Total checkbox Page 39 of 55 Property Investment Detective Version 2 1 Portfolio Selection RES Properties Porkhiodo Calculators Table Calculator Designs Table based calculators can be configure in Investment Detective using the Table Calculator Editor This provides a completely configurable system that can be tailored to users need in any country Amount Enter the amount the calculation is to be performed on Country The country group for the calculators Calculator The calculator to be used Eg Land
20. ade using this tool select the check box next to the item you want to change enter the new value and click Apply NOTE Sold properties are not affected by the global settings function Property Global Settings Loan Cash w C Rate L Period 2 C Principal amp Interest Cach sw Expected Occupancy 45 LJ Closing Costs Equity Allocate All Closing Coststo Cash C Rate Ongoing Costs Annually C Period C Property Management Fees 7 5 Principal amp Interest C Maintenance Costs 9 D Monthly Import Export a property Any property can be exported select the File gt Export option Options Calculators Toots New Paortfobe Chri _ Hew Property Chr Print b Import Property Sam ChrieS Roll Over Manager Gurr Exit Page 17 of 55 Investment Detective Version 2 1 Designs This save the displayed property to a compressed file that can then be sent to another user of Investment Detective and imported To import a property select the File gt Import option and select the property file to be imported Options Calculators Tools E New Partfobs Chri Menn Property Cie Print H i a Export Property Ae Import Property Caves Chrl A Roll Geer Manager CH WW Ce Home Tab Master Summary The master summary provides an overview of all evaluating and owned properties budget figures This is a Summary of the complete financial exposure for all
21. age lf you have a photo of the property click on the camera button to add this image to the display Each image is optimised for size and stored in the images folder The original image is not stored or altered Address This is the street address of the property Address Key Dates The key dates are a good way of tracking what is happening with the purchase process of the property Page 20 of 55 Investment Detective Version 2 1 Designs Rey Dates offer Offer Lapees Contract Signed Contract Unconditional Purchase Settlement Tenant The details of the person living in each investment property Tenant Selling Agent The details of the real estate agent or other contact being used as a representative to liaise with the vendor A list of Real Estate Agents can be maintained for further information about this feature see the Contacts Editor ling Agent Managing Agent The details of the real estate agent or other contact being used to manage the property on an ongoing basis A list of Real Estate Agents can be maintained for further information about this feature see the Contacts Editor Solicitor The details of the legal representative or other contact that is being used to handle the conveyancing in relation to each purchase A list of Solicitors can be maintained for further information about this feature see the Contacts Editor Solicitor ol Loan Financier The details of the financier or other c
22. al Income Expected Annual Growth 2 X Interest Amount Paid Risk Free Return How much could you earn by just investing the Cash and Equity amounts at the average interest rate The investment should make a profit of at least this much Cash Down Equity Amount Average Interest Rate Danger Money Multiple The calculated DMM should at least meet the correct DMM in the matrix below Annual Income Expected Annual Growth Risk Free Return Page 30 of 55 Investment Detective Version 2 1 Designs Debt Your Skill amp Experience For The mm o LCMVR ies a SE SEHR Implemented tow tome a o a O 70 e SCHEIER Profitability Displays the net and gross En positions the key figure here is Net Cash Flow PROFITABILITY Year To Date i Cash Receipts 9 646 Cash Payments 7 B44 Net Cosh Flow 1 802 Principal Payments 193 Capital Costs 0 Deprenistian A Net Profit 1 995 After Appreciation 6 995 Cash Receipts The total annual income earned by the property including Rent Other Income and Tax Benefit Cash Payments The total annual costs associated with owning the property Net Cash Flow Cash Receipts Cash Payments Principal Payments The amount calculated is an estimation based on assuming a full year of repayments and the total number of years making the repayments Capital Costs The amount as entered in the Capital Costs fie
23. ax Benefit 57 69 Property Tax Benefit 27 92 DISCLAIMER Alves ute ap accountant bo Calculate an acourate Tax Benefit Line this caloulotor ONLY as a guide Ca Ce Calculating across portfolios Select the Tax Benefit Estimator from the Calculators menu Propertylnvesting com s Investment a a Home giles select one or more portfolios by checking the box next to a portfolio name Only the checked portfolios will be included in the calculations As each portfolio is checked the depreciable amounts will be added to the Property Deductions Field This amount can by overridden with a manually entered amount Clicking on the distribute home button will distribute the tax benefit across all selected portfolios apportioning an amount to each property equal to the proportion of the property deduction to the total deduction Page 44 of 55 Property Investment Detective Version 2 1 Designs Tax Benefit Estimator Amount Portfolios Config Property Deductions 67379 39 Property Tax Espeft 446 1 La DISCLAIMER Always use Sp accountant bo caloulabe an accurate Tax Benefit Line this caloulotor ONLY as a guidel Ca Ce Fields used in the calculation Not all fields in Investment Detective are used to estimate the tax benefit only the fields that can be wholly applied in one year are used Loan and Equity interest amounts Note These amounts may not match the actual interest payed Property Management F
24. d down the Control key Ctrl while pressing the N key Help Is At Hand lf you ever get stuck then help is close at hand If it s a term that you re not familiar with just hold the mouse over the term for a few seconds and for most words a definition will appear lf you find what you believe is a bug or else you have a tip for improving this software please send an email to detective propertyinvesting com Enjoy Steve McKnight Page 5 of 55 Investment Detective Version 2 1 Designs DISCLAIMER The information provided by this software is intended as a guide only No person should rely on this information without first obtaining from a qualified professional person advice relevant to their situation Please consult your financial adviser before purchasing any property for investment purposes Use of this software is on the basis that the authors are not responsible for the results of any actions taken after using this software and that the authors are not engaged in providing professional or other advice or services The authors expressly disclaim all and any liability and responsibility to any person using this software and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of this software and information provided by this software Credits AidAim Software s CalcExpress Alex Denisov s Graphics32 library TurboPower s Abbrevia co
25. eded amount in the Cash on Cash and Payback Period calculations When calculating the Cash on Cash and Payback period only the Cash Needed amount is used Since Equity can be converted to cash it may be beneficial to include the Equity amount with the Cash Needed amount in these calculations Display Currency Setting this converts all property figures to a single currency for the master summary on the Home tab Danger Money Multiple DMM Experience set this to either Little Average or Substantial to reflect your experience in property investing The default is Novice reflecting the least amount of experience with property investing The DMM Reference Table Your Skill amp Experience For The w LEMVR Investing Strategy Being Implemented Novice Average Expert 70 85 High on 12 1 10 Exchange Rates This dialog displays the available currencies To add a new currency click the Add button and enter the details in the Currency dialog To edit and existing currency Eg if you need to change the exchange rate select the currency and click the edit button To delete a currency select the currency and click the delete button You will be asked to confirm the delete Page 15 of 55 Investment Detective Version 2 1 Designs Symbol Rate 3 0 85 l i 0 68 O 75 Country Enter the name of the country this will appear in the portfolio tab so it is advisable that standard currency ident
26. ees Maintenance Costs Other Management Costs Body Corporate Fees Council Rates Utility Rates Land Tax Insurance Premiums Depreciation Note For an accurate amount this figure should be calculated by your accountant Loan Repayments A handy calculator to quickly see repayments for a range of different repayment options Repayments Use this calculator only as a guide please contact your financier for their repayment details Weekly Rent Enter the rent figure and the period that rent covers and a weekly figure is calculated Page 45 of 55 Property Investment Detective Version 2 1 Designs Eg An annual rent of 15 600 equals 300 a week WeeklyRent Berg 1600 Reri Pened Yearly Weekk Berg 300 Percentage Enter an amount and the percentage value you need calculated Eg 10 of 100000 equals 10000 Percentage 11 Second The basic calculation for the 11 Second rule is PROPERTY COST 1000 2 this will give the minimum rent required to return a positive cash flow Equally RENT 2 1000 returns the maximum purchase price for the property to return a positive cash flow These figures equate to a gross rental return of approx 10 4 This calculator will return either figure as well as evaluating how close to the 11 Second rule the figures come 41 Second Yield The yield calculator allows for the solving of any element of the yield calculation including any multiple of the rental yie
27. egistration window Updated to allow for non standard screen settings and fonts Fixed bug in property selection dropdown Page 12 of 55 Property Investment Detective Version 2 1 24 01 2005 Update Release Version 1 0 1 e Fixed spelling mistake on start menu e Added feature History Performance 01 01 2005 Initial Release Version 1 0 0 Designs Page 13 of 55 Property Investment Detective Version 2 1 Designs Main Screen Toolbar From the tool bar you can add a New Property or access the Rollover Manager You can also change the Calculation Mode to display key figures in weekly through to annual amounts This will change the summary figures to display amounts representing the period selected in the Calculation Mode drop down Where you have a mix of properties in Investment Detective evaluating owned and sold you can focus in on only the type of property you want to look at If youre evaluating several new properties just hide your owned and sold properties by setting the Display Property Type to evaluating and that s all you will see The Current Year displays the most recent financial year for the currently selected property This is the year after the last rollover date if no rollovers exist yet for the property then the year displayed is the current financial year Preferences Autosave every 2 minutes Show Hints _ Full Sereen Confirm Exit Lise Keypad 7 ie Equity amount For f Cash
28. ei cach Closing Costs Total 32 010 Purchase Price Total 752 010 Loan and Equity Finance Enter the mortgage interest rate Enter the mortgage period in years Enter the repayment frequency weekly fortnightly or monthly Enter the repayment type principal and interest or interest only By default the repayment will be automatically calculated to enter a set repayment amount uncheck the Always Recalculate Repayment check box To get the calculated repayment click the calculator button next to the repayment figure Loan Finance Equity Finance Arten gd 76 000 00 Amount 13 000 00 Rate 719 Period yrs 30 Rate 7i Period yrs 2 Frequency Monthly sg Frequency Monthly w Type Interest Oniy wi Type Principal amp Interest K i Repayment 443 33 9 Repayment 126 41 Always Calculate Repayment Lei Always Calculate Repayment Cash Needed This represents the amount of cash needed by the deal Cash Reeded 4 750 00 Page 24 of 55 Property Investment Detective Version 2 1 Designs Ongoing Costs Enter the annual amounts for the ongoing running of the property Enter the capital costs Enter the depreciation costs Ongoing Costs Annually Other Management Costs 0 00 ay Body Corporate Fees 0 00 Cound Rates 0 00 Ublity Rates 0 00 Land Tax 0 00 Insurance Premiu 0 00 Maintenance Costs 02 00 9 5 Miscellaneous 0 00 Caphal Costs 0 00 Total Cash Payments 7 844 38 Depreciation 0 0
29. ery a Export Property a Import Property Property Budget H iae Ctries MA Property Actuals AL Rollover Manager Cirle Property Performance Budget D ext Property Performance Actuals E Property Performance All G Portfobo Summary Budget Report All reports will display as print preview allowing for the report to be reviewed and optionally directed to a specific printer or exported as a PDF RIF or HTML file The HTML option will also create a folder for any images displayed in the report Select the File gt Print gt Property Budget option Options Calculators Toots Help E New Portfobo CrP jode EEN Display Property 1 Mew Property Ctrl4H ei E Potio C e ooo 7 Export Property Property Detak with Gallery a Import Property Property Budget H seve Cries P Property Actuals o RollOverManager Clrlek Property Performance Budget D ext Property Performance Actuals E Property Performance All 2 ER Portfoko Summary This report contains all the information collected on the Budget page of a property is displayed in full in this report This includes the calculations Investment Detective performs and displays in the results area below the blue line When running this report historical data can be optionally included select any or all of the historical data from the selection dialog to include this information in the report The current data is selected by default History Selection IL eo
30. f the equity growth of an investment property Annual Growth Current Equity Net Profit Percentage NPP Evaluate both cashflow and growth together for an investment property Annual Income Annual Growth Cash Down Equity Amount Equity Return Displays the earnings and equity position of the property EQUITY RETURN Gross Equity 1 827 09 Gross Equity cl Annual equity Amount of capital appreciation for the current year Est Market Value Purchase price closing costs Annual equity Percentage of annual capital appreciation for the current year as a percentage of total acquisition cost Est Capital Appreciation Purchase price closing costs Page 32 of 55 Investment Detective Version 2 1 Designs Real equity Percentage of annual capital appreciation for the current year as a percentage of market value at the beginning of the period Est Capital Appreciation Current Market Value Actuals Editor Date Enter the date of the expense Amount Enter the amount of the expense Description Enter a short description Notes Enter extra details about each expense as a note Adding an Actual Expense Click the Add button and enter the details of the expense Updating an Actual Expense select an expense item from the list and change the details as required Deleting an Actual Expense Select an expense item from the list and click the delete button You will be asked t
31. f this Agreement unless otherwise agreed to in writing by Licensor On the date of expiry of the Licence Licensee agrees to either purchase the Software at the list price in force at that time or to destroy all copies of the Software in electronic or other form including any copies on back up tapes or other media Licensee s use of the Software shall be limited to use on two single computer systems for the same user or use on such greater number of systems or central processing units as Licensee has paid the required licence fee Licensee s use of the Software shall also be limited as applicable and set forth in Licensee s purchase order or in JATPAC Designs Pty Ltd and Property Investing com Pty Ltd product catalogue user documentation or web site to a maximum number of a seats i e users with access to the installed Software b concurrent users sessions ports and or issued and outstanding IP addresses and or c central processing unit cycles or instructions per second Page 7 of 55 Investment Detective Version 2 1 Designs Licensee s use of the Software shall also be limited by any other restrictions set forth in Licensee s purchase order or in JATPAC Designs Pty Ltd and Property Investing com Pty Ltd product catalogue user documentation or web site for the Software You may not a Permit other individuals to use the Software except under the terms listed above b Translate modify reverse engineer decompile
32. ferred from your name Address The street address of the property Offer The date the offer to purchase or else the sale contract was submitted Offer lapses The date the offer to purchase or else the sale contact lapses Contract unconditional The date the offer to purchase or else sale contract becomes unconditional meaning you must proceed with the purchase Purchase settlement The date that the title is due to transfer into the name of your purchasing entity Sale settlement On selling the property the date that you ceased owning it i e the date title transferred Tenant The details of the person living in your investment property Agent The details of the real estate agent or other contact that you are using as representative to liaise with the vendor Solicitor The details of your legal representative or other contact that you are using to handle the conveyancing in relation to your purchase Loan financier The details of the financier or other contact that you are using to provide a first mortgage over the property Equity financier The details of the financier or other contact that you are using to provide other finance in relation to the property For example a line of credit against other assets or else second mortgage funds Cash financier The details of any joint venture partner who is providing the some or all of initial cash required to purchase the property Notes Use this space to make ot
33. he Table group cannot have a group added to it Page 41 of 55 Investment Detective Version 2 1 Designs Table ass Ner Oot Ecate Base art E caste A Base Ants From To Base Amount Percent Formula o 100000 100001 200000 QO l 00001 300000 1000 H 300001 4 00000 2000 A 400001 500000 6000 4 SO0001 Mas 0 a The above example is a simple representation of a table based calculator each row represents a range and within that range the percentage that is to be returned as a result of the calculation As the amount increases so does the percentage value The base amounts in this case represent the calculation for the previous row if the base amount is left as zero the calculation is performed on the whole amount The only exception to this is if the previous row has a percent value of zero then the calculation is performed only on the range for that row E g if the amount of 200 000 is used the result would be 1 000 and not 2 000 which is 1 of 200 000 In the above calculator any amount above 500 000 will have 5 applied to the whole amount Breaking down the way this works is as follows An amount of 450 000 needs to be calculated with the above table The result is 8 000 O to 100 000 0 100 001 to 200 000 1 000 200 001 to 300 000 2 000 300 001 to 400 000 3 000 400 001 to 450 000 2 000 Total 8 000 Formula s Almost any mathematical formula can be entered in the Calculator Item Editor The
34. hen the selection drop down will allow the display of past years figures Current Current 004 2005 Save Allows a properties history to be saved to an excel spreadsheet including actual details Print Print all selected history information for a property including actual details Use the History Selection dialog to indicate the history reports that need to be printed History Selection History Performance Report This page shows the historical and current performance figures for either Actuals and or Budget figures Page 35 of 55 Property Investment Detective Version 2 1 Designs es History Selection History Performance Dishonest Z show Actin PROFITABILITY Budget ctuals Budget Actuals Current Lusrerg paia 2013 2004 2005 Cash Receipts 2 157 57 2 157 57 1 950 00 1 950 00 Cash Payments 1 919 42 1 919 42 1 995 07 1 958 61 Net Cash Flow 404 81 404 82 171 60 158 05 a bread Payments 185 91 163 91 165 33 165 Gell Capital Costs 145 33 H ebe 1 45 55 145 63 S Depreciation 166 67 166 67 166 67 165 67 T Net Profit 567 09 567 90 316 14 302 60 RETURN Earnings Grote Retin aunzsl K l 69 69 69 het Return ol Ol 1 9 0 75 LE ROW Fol 4 24 Fol 44 1321 ie 9 ara Cash on Cash 15 15 15 19 63 46 AL ER Folz 6l Fol a TER Kr HPP Trd Food JO aen sg Hri 11 Epul 1 A A 4 Gross Equity 1 627 09
35. her notes as required Budget Screen Budget mode Use this mode to insert your expected figures for the period ahead What if mode Use this mode to see the impact of changing a figure without actually changing the figure in your budget Page 50 of 55 Investment Detective Version 2 1 Designs Purchase price The amount specified under the contract to purchase Deposit The total amount of the deposit which is the difference between the purchase price and the amount of the first mortgage finance you have organised You can allocate this against equity if you are using other finance to fund the difference Note If you would like to enter in a custom deposit amount then insert 0 and then insert the actual amount of your deposit Balance The balance of the purchase price outstanding that must be funded by cash loan or equity Estimated current market value The estimate of the value of the property at the beginning of the period Use contract purchase price in the first year Estimated capital appreciation The amount in dollar terms you expect your property to appreciate by in the current year Weekly rent The amount of rent or other income that you ll receive each week Expected occupancy The maximum number of weeks that you want to budget for your property being used max 52 Closing costs Costs other than the purchase price associated with your purchase of a property Allocate closing costs to Use this option t
36. icensor Licensee may make such back up copies of the Software as may be necessary for Licensee s lawful use provided Licensee affixes to such copies all copyright confidentiality and proprietary notices that appear on the original Software Page 8 of 55 Investment Detective Version 2 1 Designs TERMINATION This Licence will terminate automatically if you fail to comply with the limitations described above On termination you must destroy all copies of the Software in electronic or other form including any copies on back up tapes or other media Upon termination of this Licence for any reason you shall have no right to a refund of the whole or part of any Licence Fee paid MISCELLANEOUS This Agreement represents the complete agreement concerning this Licence between the parties and supersedes all prior agreements and representations between them It may be amended only in writing executed by all the parties lf the whole or any part of a provision of this Agreement is invalid or unenforceable in a jurisdiction it shall if possible be read down for the purposes of that jurisdiction so as to be valid and enforceable If however the whole or any part of a provision of this Agreement is not capable of being read down it is severed to the extent of the invalidity or unenforceability without affecting the remaining provisions of this Agreement or affecting the validity or enforceability of that provision in any other jurisdiction This Agree
37. ifiers are used Eg AUD NZD USD GBP Symbol Enter the symbol to appear in front of the amounts entered into Investment Detective Eg Rate Enter the exchange rate as it relates to the Base or Home currency If you live in Australia then the exchange rate for UDS would be for example 0 75 Currency Defaults Setting up a property is made easier by setting up the property Defaults These defaults are then used when ever you create a new property If your investing needs change you can alter the defaults to match you new requirements Changing the default settings once you have added properties to Investment Detective doesn t change any values in your existing properties lf the change you want to make affects all your properties or group Eg evaluating properties you can use the Global settings tool Page 16 of 55 Property Investment Detective Version 2 1 Designs Property Defaults Loan Rae 7 Frequency Monthh Expected Co maps Type Principal amp Interest Closing Costs Equity Allocate Al Closing Coststo Cash Mon ep 7 Ongoing Costs Annually Ped 3 Property Management Fees 57 Frequency Monthh e Maintenance Costs e 3 Type Principal amp Interest Zs es Global Settings lf you need to change any of the default settings after you have added properties you don t have to go to each property to change the information Changes to all properties or group Eg evaluating properties can be m
38. is usually but not always sufficient Loan Equity amount Amount of your borrowing as determined by your deposit and closing costs previously entered Loan Equity rate Interest rate percentage charged by your financier Loan Equity period The length of your loan term in years Loan Equity frequency Select the frequency of your repayment periods Loan Equity type Select the type of loan you have either principal and interest or else interest only Cash needed The amount of cash needed determined by costs i e deposit plus closing costs that you have selected to pay from cash reserves This figure is used to calculate the cash on cash return Ongoing costs Annual cash costs associated with the ongoing ownership of the property Total repayments Annual budgeted finance repayments based for loan and equity based on the information you entered in the loan and equity sections Property management fees Fees charged by the rental or other property manager usually charged as a percentage of rent or income collected Contact your adviser to determine an accurate percentage allowance Other management fees Other fees levied by your rental or other manager and may include tribunal fees statement fees inspection fees incidentals etc Contact your adviser to determine an accurate allowance Body corporate fees Fees and charges by the governing body that regulates and administers areas in common Most relevant in apartment
39. l cash needed Cash eede Cash Amour 45 500 07 Ongoing Costs Enter the annual amounts for the ongoing running of the property Enter the capital costs Enter the deprecation costs Page 29 of 55 Property Investment Detective Version 2 1 Designs Ongoing Costs Annually Total Loan Bet negrert 15 370 51 Property Management Fees 1 657 50 Other Managenert Costs 0 00 Body Corporate Fees 0 00 Counci Rates 700 00 Utility Rates 350 00 Land Tax 100 00 Insurance Premiums 0 00 Maintenance Costs 1 105 00 La Miscelaneous 0 00 Capital Costs 1 750 00 Total Cash Payments 21 033 01 Depreciation 2 000 00 Ongoing Costs Total 23 003 01 Results Summary The summary information is displayed for the actual amounts entered Risk Assessment Displays the potential risk associated with the property RISK ASSESMENT Year To Date SE Six Second Solution 28355 Profit Rick Aspenmer 1250 63 Pick Free Rebun 3557 81 Danger Money Multiple 3 48 Fass or Fail Six Second Solution Risk Free Return DMM Average NPPv3l Net Profit Percentage v 3X Average Interest Rate Asses the NPP compared to at least 3 X the average interest rate so if the loan rate is 7 a minimum NPP of 21 is needed Net Profit Percentage 3 X Average Interest Rate Profit Risk Assessment Asses the risk based on making as a minimum a profit of at least 2 X the amount of interest paid Annu
40. l net cash flow Cash needed Pay back period How many years it will take for the cash flow to repay cash needed Cash Needed Annual net cash flow Return On Investment ROI Standard return on investment calculation Annual Income Annual Growth Purchase Price Growth on Equity Return GoER Useful for evaluation the medium to long term benefit of the equity growth of an investment property Annual Growth Current Equity Net Profit Percentage NPP Evaluate both cashflow and growth together for an investment property Annual Income Annual Growth Cash Down Equity Amount Equity returns Returns based on capital appreciation Annual equity Percentage of annual capital appreciation for the current year as a percentage of total acquisition cost Est Capital Appreciation Purchase price closing costs Real equity Percentage of annual capital appreciation for the current year as a percentage of market value at the beginning of the period Est Capital Appreciation Current Market Value Break Even Calculation advising the break even point for occupancy and interest rates Occupancy The minimum number of weeks the property must be rented in order to earn enough income to cover cash costs Interest rate The maximum percentage interest rate at which the property becomes cash flow neutral Actual Screen Purchase Price The actual price you paid for the property Deposit Paid The actual depo
41. ld This can be very useful not only when evaluating a property for purchase but also calculating the effects on property value based on rental yield and annual rent Page 46 of 55 Investment Detective Version 2 1 Designs Rollover Manager Rolling over properties is how each properties performance is tracked over a number of years For each property only 1 rollover history can be kept for each financial year When you create a rollover for a financial year that already exists the old information is replaced with the new rollover information Rollover information is the Budget and Actual information for a property at the time the rollover was performed When a rollover is run you have the option to also clear all non property value figures in the Budget and or the Actual figures You can access all the rollover information for a property on the History page of each property Rollover Manager Display Property Type Al v a Rodower for financial pear charting Aup 2003 S EE _ Clear Budget Clear Actuals Property Wizard The new property wizard has been designed to break down the process of creating a new property profile into small manageable steps Property name purchasing entity and address Property costs property value and weekly receipts Closing costs related to the property purchase Loan and equity finance Annual ongoing costs oe e ke This process can be completed and the remaining step
42. ld of the Ongoing Payments section Depreciation The amount as entered in the Depreciation field of the Ongoing Payments section Net Profit This is the final cash position of the property Net Cash Flow Principal Payments Capital Costs Depreciation After Appreciation This is the final cash position plus the estimated capital appreciation of the property Net Cash Flow Principal Payments Capital Costs Depreciation Capital Appreciation Earnings Return Displays the earnings and equity position of the property Page 31 of 55 Investment Detective Version 2 1 Designs EARNIMGS RETURN Earnings Goss Retumis 10 72 Net Return 1 91 RO 14 24 Cash on Cash slk Payteck P riod 13 yrs GER 611 67 NPP W550 Gross return Typical gross return on investment calculation Gross annual income Purchase price closing costs Net return Return on investment calculation based on net profit Net pre tax profit Purchase price Closing costs Return On Investment ROI Standard return on investment calculation Annual Income Annual Growth Purchase Price Cash on cash return Return based on net cash back compared with cash needed Annual net cash flow Cash needed Pay back period How many years it will take for the cash flow to repay cash needed Cash Needed Annual net cash flow Growth on Equity Return GoER Useful for evaluation the medium to long term benefit o
43. ment shall be governed by and construed under the laws of the State of New South Wales Australia The application of the United Nations Convention of Contracts for the International Sale of Goods is expressly excluded JATPAC Designs Pty Ltd and Property Investing com Pty Ltd Standard End User Licence Agreement Version 1 1 Last Changed 01 11 2006 Page 9 of 55 Investment Detective Version 2 1 Designs Trial Version The trial version of Investment Detective has the following limitations 1 The license expires after 21 Days and the software can no longer be used 2 Support is not available Benefits of registering The above limitations are removed and you have access to support via e mail for problems you may have How to register Goto www Propertylnvesting com and follow the links to the online shop After purchasing a copy of Investment Detective a licence key will be e mailed within 48 hours Page 10 of 55 Investment Detective Version 2 1 Designs Version History 20 05 2007 Update Release Version 2 1 Added Feature Property index on Home Tab Added Feature Hide decimal places on dollar amounts Added Feature Repayment Calculator can compare 2 loans side by side Added Feature Finders Fee to the Closing Costs list of fields Added Feature Lookup address on internet map Added Feature Lookup suburb statistics on internet Fixed Percentage sign now displays on the right of number 01 11
44. mpression library Support Support is available via E Mail detective propertyinvesting com Please note that there is no telephone support for this product however we endeavour to reply to all queries as soon as possible What to do when reporting an error Provide an E Mail with Your User Name Operating System including the version and service pack level A short description of the problem along with any error messages that may have been displayed Page 6 of 55 Investment Detective Version 2 1 Designs SOFTWARE LICENCE AGREEMENT Read this software licence agreement carefully before downloading installing or using JATPAC Designs Pty Ltd and Property Investing com Pty Ltd supplied software This document constitutes a licence to use the software on the terms and conditions appearing below By downloading installing or using the software you are consenting to be bound by the terms of this licence If you do not agree to all of the terms of this licence then do not download install or use the software The following terms govern your use of the Software except to the extent a particular program a is the subject of a separate written agreement with JATPAC Designs Pty Ltd and Property Investing com Pty Ltd or b includes a separate click on licence agreement as part of the installation and or download process To the extent of a conflict between the provisions of the foregoing documents the order of precede
45. nce shall be 1 the written agreement 2 the click on agreement and 3 this Software Licence Agreement This Software Licence Agreement is entered into between JATPAC Designs Pty Ltd Property Investing com Pty Ltd the agent of the copyright holder and or the owner of all rights in respect of the Software jointly and severally the Licensor as one party and you the Licensee as the other party The computer program s and related documentation and materials collectively referred to as the Software are licensed not sold to you for use only upon the terms of this licence and Licensor reserves any rights not expressly granted to you Licensor retains ownership of all copies of the Software GRANT OF LICENCE Licensor grants you a personal non exclusive non transferable licence to use the Software upon payment of the Licence Fee until the expiry date of the Licence if any If no expiry date is applicable to the Licence then the Licence to use the Software is perpetual Licensor makes no guarantee or warranty of the frequency value applicability or content of future updates or modifications to the Software or that the Software will meet your requirements The Software will only be made available to you in electronic form for download The requirement to pay a licence fee does not apply to evaluation or beta copies for which Licensor does not charge a licence fee Evaluation and beta licences expire 28 calendar days from the date o
46. nin erren n EE r AE N 49 Ee E 50 Details Screen cccccccccccecceceeceeceeeeeceeeeeseeeeseeecesseeeessaeeeseeeeeseeeeeseeeeseeeessaueesseeesseeeesaeeessnseeeesas 50 BUOG TEO EE 50 SLA le EE 53 Actual SONS Sess nae ece EE E E 54 Page 4 of 55 Investment Detective Version 2 1 Designs Welcome Please read and understand the Software License Agreement Hi and welcome to Propertylnvesting com s Investment Detective Investment Detective has been created to assist you in tracking down the profits on both existing and potential property deals Investment Detective works by prompting you to input variables and then number crunching key data to provide you with e The amount of cash you ll need to acquire a property e Your loan repayments e Your expected annual cash flow e Your expected annual profit and e Various profitability and cash flow returns e And much more It may take you a little while to familiarise yourself with how things work but once you do you re sure to agree that Investment Detective is fantastic resource for all property investors Quick Guide to Getting Started In order to put the detective on the job the first thing you ll need to do is input some information Luckily it s easy to do this as Investment Detective has a very handy wizard feature which you can activate in the BH two ways a 1 You can click on the icon from the menu bar or 2 The hot key option to bring up the wizard is to hol
47. nual equity Amount of capital appreciation for the current year Est Market Value Purchase price closing costs Page 27 of 55 Investment Detective Version 2 1 Designs Annual equity Percentage of annual capital appreciation for the current year as a percentage of total acquisition cost Est Capital Appreciation Purchase price closing costs Real equity Percentage of annual capital appreciation for the current year as a percentage of market value at the beginning of the period Est Capital Appreciation Current Market Value Break Even Displays what if figures that are an indication of a properties cash flow neutral position BREAK EVE A ER AP Wks l Occupancy 42 wikes 45 whe Cash Receipts 653 70 647 24 Rate Losi Teh or G Rate Equity 8 234 87 E Occupancy is the number of weeks a property needs to be rented to return enough to cover the annual ongoing costs Cash Receipts is the amount of weekly income required to return enough to cover the annual Ongoing costs Loan and Equity Rate is the maximum interest rate allowed where repayments rise to a figure that erodes all positive cash flow Property Actuals Entering Actual values With the exception of Purchase Price Sale Price Property Value Capital Appreciation loan and Equity Balance all actual entries can be recorded as itemised amounts This includes the amount date of the expense description and a no
48. o confirm the delete Miscellaneous Property History History Selection The combined Report view provides a comparison of budget and actual figures By selecting the Actuals Details view all itemised entries for the selected year can also be viewed Page 33 of 55 Property Investment Detective Version 2 1 Designs Report This page shows the combined Budget and Annual Actual figures for comparison EE A oT es Te E Property Cash Payment Sacer iin elle Actual Details This page shows the itemised actual expenses including their sub totals Report Actuals Details Total 227 500 00 Deposit Iporo 5 500 00 i I Total 45 500 00 Property Value 11 10 2006 255 000 00 E eg Se Capital Appreciation uge asss o yS K on l Income Rent uno g musl S S O O Tota S a m S o rot nmn e Io 4200 00 Total 800 00 Closing Costs Loan Application Fees HTUETS H 4200 00 Tintal 47000 nin S Page 34 of 55 Property Investment Detective Version 2 1 Designs By default this is set to the current figures entered into Investment Detective lf there are previous years budget and actuals figures rolled over t
49. o set all the fields to your desired selection Legal costs Fees and disbursements other than those listed below charged by your legal representative in relation to your purchase of the property Loan application fees Fees and charges payable to your financier s in relation to securing finance for the purchase of your property Mortgage registration Fees charged by your financier to register the mortgage with the appropriate state based Title s Office Mortgage duty Stamp duty payable on the registration of the mortgage Mortgage insurance Insurance on charged by your financier in relation to the finance being provided for the purchase of your property Other borrowing Other borrowing costs not separately listed Stamp duty State based government fee charged upon the transfer of title and based on the value of the contract Use the calculator for an indicative guide but always calculate the actual amount as rates may change Building inspections Fees charged by the adviser conducting a property inspection in relation to a possible acquisition Page 51 of 55 Investment Detective Version 2 1 Designs Maintenance Initial maintenance costs including renovation and development costs which need to be capitalised i e added into the purchase price rather than expensed or depreciated Miscellaneous Other costs not separated elsewhere Note For quick reference you may like to allow a general 5 of purchase price as this
50. ontact that is being used to provide a first mortgage over the property A list of Financiers can be maintained for further information about this feature see the Contacts Editor Loan Financeer Equity Financier The details of the financier or other contact that is being used to provide other finance in relation to the property For example a line of credit against other assets or else second mortgage funds A list of Financiers can be maintained for further information about this feature see the Contacts Editor Page 21 of 55 Investment Detective Version 2 1 Designs Equity Financier Cash Financier The details of any joint venture partner who is providing some or all of initial cash required to purchase the property A list of Financiers can be maintained for further information about this feature see the Contacts Editor Cash Financier H Documents Any document related to the property can be stored then read or edited from here When adding documents to a property the each document is copied from its original location to a special folder for the selected property Make sure you edit any documents from this list as any editing done to the original will not be present in the document in this list Documents Notes Use this space to make other notes as required Kates Contacts Manager Add a Contact Enter all the contact information and click the add button The Company Name must be unique to add
51. properties across portfolios or for each individual portfolio For more detailed information go to the property in question To change the currency these figures are displayed in go to the Preferences dialog and change the Display Currency Portfolios Portfolios are a way of grouping sets of properties together each portfolio could represent different countries or entities When separating properties into different countries a portfolio can be configured to display the result in a different currency Eg If a portfolio is setup for New Zealand the base currency would be NZD and the display currency would be in the currency of the country where the investor lived AUD for example There is no limit on the number of portfolios that can be set up and properties can be copied or moved between portfolios Page 18 of 55 Property Investment Detective Version 2 1 Designs Propertyinvesting com s Investment Detective Registered a Home E Berowra Properties AUDJAUID Porthos All Budget Figures Evaluating 3 Own 2 Amfs si 65 928 42 West Street BEROWRA NSW 2081 Ati sks Buch Div Berowra 1 Staton Street Bagara HSW 2081 Huth ais 82 243 16 315 0 40 1 300 17 515 75 235 Cl Ce Adher 76 116 156 Leal Street Berowa NG AE Sutlhtaka SZ 243 bor Her software E intended Sc a quide d Portfolio Options Right click on an active portfolio tab and select the o
52. ptions menu E Delete Properties E Options Title This is the name of the portfolio that will appear on the portfolio tab Financial Year Start This is the month that the financial year commences for the portfolio Base Currency Enter the currency that represents the home country for the properties in the portfolio Display Currency Enter the currency the results should be displayed in Page 19 of 55 Investment Detective Version 2 1 Designs Portfolio Financial Year Start JAN Base Currency Display Currency To edit or add currencies use the Currency editor click on the Options menu and select Exchange Rates Properties The Details tab is where you can enter all the non financial information about each property The Budget tab is where you can enter all the budget estimates for each property this could be for a property being considered for purchase or the budget estimates for the next financial year The Actuals tab is where you can enter all the actual financial information about each property The History tab is where you can access and evaluate the historical and current financial figures for each property Property Details Property Type Set this to indicate the property is just being evaluated currently owned or has been sold You can also select the Property Type from the Display Property Type on the main toolbar to only show a particular type of property Evaluating Oom O sold Property Im
53. s skipped by clicking the Finish Now button at any time and the new property will be created Page 47 of 55 Property Investment Detective Version 2 1 Designs Property Wizard Welcome to the New Property Wizard Flease cick Next to start the wizard Or Click Finish Now to create a new blank property Backup Utility To access the backup utility click the Tools gt Backup Investment Detective Data menu options Back up Investnent Detectia Data E check For updates This utility saves all the key data and configuration information in a compressed file and stores it in the configurable backup location Backup Location The default backup location is the backup folder under the Investment Detective folder This location can be changed and set to any folder if there are already backup files saved they will be moved to the new location Backing up Click the backup button and follow the prompts when a backup is started Investment Detective will be shut down Restoring a Backup select a backup to restore and click the Restore button and follow the prompts when a restore is started Investment Detective will be shut down Warning Make sure the current configuration and data have been backed up as a precaution Deleting a Backup To delete a backup select the backup from the list and press the delete key follow the prompts and the selected backup will be deleted Page 48 of 55 Property Inves
54. sit you paid Balance The balance of the purchase price outstanding that must be funded by cash loan or equity Actual current market value The actual value of the property at the beginning of the period Use contract purchase price in the first year Actual capital appreciation The amount in dollar terms that your property appreciated in value by in the current year You can gain this figure by asking an agent for a market appraisal of value should be free but be sure to enquire and subtracting the value from the previous year or the purchase price closing costs if in the first year Page 54 of 55 Investment Detective Version 2 1 Designs Rent The annual amount of rent you received for the period Other Income The annual amount of other income you received such as refunds and miscellaneous income Loan Repayments The actual TOTAL i e interest and principal amount of the loan repayments you have paid during the period Loan Interest amp Fees The actual amount of the TOTAL interest and fees that you paid off the loan during the period You should be able to source this from the various loan statements sent by your financier Loan Balance The amount of principal outstanding at the end of the period Equity Repayments The actual TOTAL i e interest and principal amount of the equity repayments you have paid during the period Equity Interest amp Fees The actual amount of the TOTAL interest and fees that
55. te The Actual Item Editor can be used to enter delete and manage each actual expense Property Costs Sale Price Value Enter the purchase price sale price and associated costs and property value Property Costs Purchase Price 227 500 00 Depost 45 500 00 Commission 0 00 Legal Costs tel E Finance Payout poA Other Sale Costs jo Net Sale Proceeds 0 00 Property alue 255 000 00 Capta Appreciation 5 500 00 Annual Cash Receipts Enter the rent and other income for the property Page 28 of 55 Property Investment Detective Version 2 1 Designs Annual Cash Receipts Annual Rent 22 100 00 A Annual Other 0 00 Tax Benefit a700 E Total Income 25 390 60 Closing Costs Enter all other associated cost related to the purchase of the property Closing Costs ist Yr Only Legal Costs SL Loan Application Fees HA Mortgage Registration HA Mortgage Duty HA Mortgage Insurance SL Caher Benrowing Costs HA Stamp Duty SL Bukding Irepectiora HA intial Repairs W Miscellaneous Costs 4 750 7 Finders Fee SL Closing Costs Total 4 750 Purchase Price Total 99 750 Loan and Equity Finance Enter the annual interest paid Enter the annual principal paid Enter the remaining balance owed on the mortgage Loan Finance Equity Finance Losninterest 12 218 63 7 Equity Interest 44 93 Loan Principal 2 048 53 Equity Prindoa EE Loan Balance 178 102 70 Equty Balance 13 780 83 Cash Needed Enter the actual annua
56. tment Detective Version 2 1 Designs Investment Detective Backup Aci Deveiopment Produts Investment Detectives baku Name Tuesday 14 Mar 2008 00 46 11 Friday 17 Mar 2006 06 34 35 Web Update To access the Web Update Utility click the Tools gt Check For Updates menu options Ae Bach investment Detective Data Chack or Updates This utility will check if there are any available updates for the installed version of Investment Detective Note There must be an available connection to the internet Some firewalls may prevent a connection to the internet from an application unless the correct permission has been granted Each listed update will also have a short description select an update to see the description To download and install an update check the item s and click the update button Installing Updates After each update has been downloaded the update will be processed If the update needs to run an installer it will first ask if you want to run the installation now or later If the update is run later Investment Detective must NOT be running Invesimant Delective Updater Updates Available Update 1 LJupdate 2 Page 49 of 55 Investment Detective Version 2 1 Designs Glossary Details Screen Evaluating Properties that you are considering but do not yet own Own Properties which you own as evidenced by title in your name Sold Properties which you have sold evidenced by title have trans
57. to you and you may have other legal rights that vary from State to State or by jurisdiction LIMITATION OF LIABILITY Under no circumstances and under no legal theory tort contract or otherwise shall Licensor or its suppliers or resellers be liable to you or any other person for any indirect special incidental or consequential or punitive damages of any character including without limitation damages for loss of goodwill work stoppage computer failure or malfunction or any and all other commercial damages or losses In no event will Licensor be liable for any damages in excess of Licensor s list price for a licence to the Software even if Licensor shall have been informed of the possibility of such damages or for any claim by any other party This limitation of liability shall not apply to liability for death or personal injury to the extent applicable law prohibits such limitation Furthermore some States do not allow the exclusion or limitation of incidental or consequential damages so this limitation and exclusion may not apply to you PROPRIETARY NOTICES Licensee agrees to maintain and reproduce all copyright and other proprietary notices on all copies in any form of the Software in the same form and manner that such copyright and other proprietary notices are included on the Software Except as expressly authorized in this Agreement Licensee shall not make any copies or duplicates of the Software without the prior written permission of L
58. to the contact list Changing any of the information will not change the stored contact on the list Update a Contact Updating a contact is the same as adding except when you have all the information correct you click the update button and the selected contact will be updated with the new information Delete a Contact Select a contact in the list and click the delete button You will be asked to confirm the delete Page 22 of 55 Property Investment Detective Version 2 1 Designs Local Agent Conmbect Detsgde Local Agent 2 Mere Local Agent 3 br Joe Smith 123 dreet Gd Phone fusness 12345678 Feact ity tae once et 12345678 Post Zip Code ZWS a ears L2saere ae ears L2s45678 Property Budget Budget What If Mode Each property can be switched into the What If mode Use this mode to see the impact of changing a figure without actually changing the figure in your budget lf you are happy with the changes and need to update the Budget figures with the What If figures click accept and you will be taken back to the Budget mode the What If figures copied to the Budget Figures lf you do not want to use the What If figure simply switch back to the Budget mode While in the What If mode you can always reset the What If figures back to the current Budget figures by clicking the Reset button Mode Budget 27 What IF C Reset Property Costs Enter the purchase price for the property excluding any closing costs
59. unacbetunedee esas 15 GOA E 16 Gamba MO 16 Eeer be 16 ST AUIS E 16 ROT SS INS EEI E TE E E EETA EEA 17 Idee PO a DODO E 17 0 6 012 WEI WE 18 Ma Tel 18 eieiei te LEE 18 Portfolio Options ee 19 IR le EE 19 Financial Yer cc g ae ee ee ee ee eee eee ne eee 19 STT gn Le A ont teen ee ern ne ee et eee es 19 DEO ne 19 Breil 20 PODS d RE 20 Bielsa Kiel 20 Property Image ccccceeccseeeceeeceeeeneeeceeeeeeeeseeeseeeseeeseeeesseeseeeeeueeseeseeessueeseeeseeeseneeseeeseeeseeesens 20 ell 20 Page 2 of 55 Investment Detective Version 2 1 Designs SNG NCS EE 21 WAMAGING AGCI r E EA E ESE EET 21 FONO E 21 LO ald PIMAUICICN e E EE ISE 21 Equity Financier 21 E ER le Tuer 22 IOC U MIG AIS spy avanevannnctevevarinawstevavaveveu EE EEE EE E EE EE EE 22 Vleit 22 COMPACTS WAN AG EE 22 ele ERT 22 VO Gre CS OTM AG E 22 RTE e Te 22 PODS leet 23 Budget What If Mode cccccceccccseeccseeccececeuseceuceceucecsueeseueessuseseueessueessueessaeessasessaeessaeeeas 23 FROSTY EE 23 Property Value ee 23 Weeky EE 24 OSMI Eeer 24 Loan and Equity lee 24 cac m Ee EE 24 INON OGO er E E E EEE EEE EE EE AEE ee eee ee ee eee 25 FSS OS SUMAN eege 25 FOOT Se 28 Entering Actual values cccccccceecceeeseeeeeeeeneeeseeeceeeeseeeseueeeueeseeseueeeessueeseeeseeessueeseeeneeesaes 28 Property Costs Sale PriCe UTC 28 laf ER Gels Tee 28 Ee lte 29 LOAM and EGUNY le le 29 SU e ME 29 lo So CC 29 FE SUIS SURI ONY EEATT EOE E
60. ur NPP must be at least 3 X the average interest rate so if the loan rate is 7 a minimum NPP of 21 is needed Net Profit Percentage 3 X Average Interest Rate Profit Risk Assessment Asses the risk based on making as a minimum a profit of at least 2 X the amount of interest paid Annual Income Expected Annual Growth 2 X Interest Amount Paid Risk Free Return How much could you earn by just investing the Cash and Equity amounts at the average interest rate The investment should make a profit of at least this much Cash Down Equity Amount Average Interest Rate Danger Money Multiple The calculated DMM should at least meet the correct DMM in the matrix below Annual Income Expected Annual Growth Risk Free Return Your Skill amp Experience For The w LEMVR Investing Strategy Being Implemented 70 e RECETTE Earnings returns Returns based on cash flow and profitability Gross return Typical gross return on investment calculation Gross annual income Purchase price closing costs Net return Return on investment calculation based on net profit Net pre tax profit Purchase price Closing costs Net real return Return on investment calculation based on net profit and current market value Net pre tax profit Current Market Value Cash on cash return Return based on net cash back compared with cash needed Page 53 of 55 Investment Detective Version 2 1 Designs Annua
61. ve Version 2 1 Designs Earnings Return Displays the earnings and equity position of the property EARNINGS RETURN 5zWwks GA Wks Gross Betuen K Ki Nat Retur 1 sis 126 ROI Wia Wia Cashion Cash Por ad Foo all Payback Period 14 yrs 19 yrs TER r000 20 10 MFF 61 67 39 06 Gross return Typical gross return on investment calculation Gross annual income Purchase price closing costs Net return Return on investment calculation based on net profit Net pre tax profit Purchase price Closing costs Return On Investment ROI Standard return on investment calculation Annual Income Annual Growth Purchase Price Cash on cash return Return based on net cash back compared with cash needed Annual net cash flow Cash needed Pay back period How many years it will take for the cash flow to repay cash needed Cash Needed Annual net cash flow Growth on Equity Return GoER Useful for evaluation the medium to long term benefit of the equity growth of an investment property Annual Growth Current Equity Net Profit Percentage NPP Evaluate both cashflow and growth together for an investment property Annual Income Annual Growth Cash Down Equity Amount Equity Return Displays the earnings and equity position of the property EQUITY RETURN Gross Equity 187 50 Goss Equity cas Met Equity Taal An

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