Has anyone found software that is anywhere near as good as what Kitdoctor was dreaming of in his earlier post (post 8)??
Kitdoctor said,
"I dream of a super model that would:
1) predict how a portfolio of multiple properties will grow in value
2) examines my serviceability and predicts when I can afford the next property
3) works out my expected income tax liability from year to year
This super model would cater for such variables as:
1) properties bought in different years (in the past and expected in the future) bought on specific dates
2) variations in income tax scales from year to year
3) P&I loans and I/O loans and switching between them, fixed interest loans, variable interest loans
4) adjusting loan interest rates from year to year
5) multiple loans for each property
6) adjusting salary percentage increases from year to year
7) adjusting rent percentage increases from year to year
8) adjusting superannuation contribution rates from year to year
9) adjusting cost increases from year to year
10) works out purchase costs (both property and loan depending on the state)
11) allows for initial cash deposits on propertiews
12) allows for entry of real information (eg from depreciation schedules, tax returns etc which overrides derived or predicted data
13) income from different sources (wages, rents, shares etc)
14) variable capital growth rates for different properties and the ability to vary the capital growth rate from year to year to allow for cycles
Now that's a challenge
Ciao
Kitdoctor"
Would love to know if there is anything that good out there?
MF35