Buying your next #property #investment: #Due #diligence #spreadsheet - FREE Downloadable spreadsheet
How do you know that the property your are buying will provide the desired Return On Investment (ROI)?
Demo video: https://www.youtube.com/watch?v=jI2QwlcZdTE&t=3s
Download spreadsheet: http://www.optimiseaccountants.co.uk/due-diligence-free-downloadable-spreadsheet/#.Wb-MRNN96Rs
It is important that you understand the number of the residential property investment to ensure that the numbers stack up for you to make money. There are may aspects that the spreadsheet will go through to assist you in the buying decision making process:
- The purchase costs and associated fees
- How much Stamp Duty Land Tax (#SDLT) will need to be paid including the 3% surcharge
- Refurbishment costs analysis, where to buy materials and where to identify reliable trades people
- Total amount you will need to invest (deposit + refurbishment costs + purchase costs)
- How much profit you will make (rental income less rental expenditure)
Once you have identified the above numbers you will then be in a position to see how much money you will make on a monthly basis. This will then help you to work out the Return On Investment (#ROI)
What about tax?
This spreadsheet also asks you to enter in your other streams of other income such as employment income, dividends and self employment. The spreadsheet will also tell you how much tax that you will pay on the property based on the budget tax changes, in particular #Section24 mortgage interest relief.
How significant are voids to your property financial performance?
We have also written some articles that might help you make more money and pay less tax on your investment
Managing voids to maximise your income: http://www.optimiseaccountants.co.uk/how-significant-are-voids-to-your-property-financial-performance/#.Wb-NfNN96Rt
Managing maintenance costs to maximise ROI: http://www.optimiseaccountants.co.uk/managing-maintenance-costs-to-maximise-roi/#.Wb-OJdN96Rt
Book Keeping And Accounts For Property Investors: http://www.optimiseaccountants.co.uk/book-keeping-and-accounts-for-property-investors/#.Wb-NiNN96Rt
10 Properties, £2,000 Net Cash Flow Or 15% ROI – What Is More Important?: http://www.optimiseaccountants.co.uk/10-properties-2000-net-cash-flow-or-15-roi-what-is-more-important/#.Wb-NjNN96Rt
#Allowable #Costs For Property Investors: http://www.optimiseaccountants.co.uk/allowable-costs-for-property-investors/#.Wb-Nj9N96Rt
sorry still couldn't see it, this is what I see
"Purpose: This spreadsheet has been designed to help you decide whether or not the property meets your financial objectives. It is also intended to help you understand if you should be the property in your own name or in a limited company
Disclaimer: Please note that this spreadsheet is to be used for guidance and educational purposes only. The information within the spreadsheet does not constitute as advice by Optimise Accountants and will not be held responsible for any decisions based on this spreadsheet.
How-to & Style
Standard YouTube Licence"
FiNMAX mobile apps are available for both iOS and Android devices, which ensures that traders can access their accounts through a smartphone or a tablet. FiNMAX offers specific FiNMAX apps for iPhone, iPad, and other smartphones and tablets. Once again, traders can access almost the entire range of platform features that are available on the desktop platform, while advanced charting options from TradingView can be easily accessed through their responsive template.
FiNMAX Trading Accounts.
Even though the minimum investment required for a Platinum VIP account is high, the trading features can more than justify the initial investment barrier. The only concern is that traders may not feel comfortable depositing large amounts of money at FiNMAX without any proper regulatory protection. Regardless, the company has managed to steer clear of any large controversies, which does make it a bit more dependable than brokers that are located in tax havens.
FiNMAX Demo Trading Account.
FiNMAX offers a limited period demo that is valid only for a week, which is not a whole lot of time to learn the concept in detail. Although FiNMAX has limited its demo account to users, it is far better than avoiding a demo offering altogether. Seasoned traders can use the demo trading account to gauge the efficiency of the platform, while amateur traders can also use the demo period to familiarise themselves with the binary options market and put on a few trades to gain market exposure. Nevertheless, we would have appreciated if the company had provided a bit more time with its free demo account option.
FiNMAX clients can make use of the vast resources for trading, which includes advanced trading charts, personal account manager, and market analytics. Larger account holders have the convenience of trading with signals or use social trading platforms to copy trades from successful traders. The broker also provides market analysis, trading news, webinars, strategy, and VIP trader education. FiNMAX has one of the best trader-oriented resources, which can provide a highly beneficial platform for binary options traders.
There is a drastic amount of confusion surrounding regulatory status. Reduced number of binary options assets.
Yes, traders can download dedicated FiNMAX apps for iOS and Android devices.
FiNMAX offers support through live chat, phone numbers, emails, and Skype address. The customer service channel is only available for 14 hours a day and 5 days a week.