Gameplans is the platform we use to build all of our strategies, financial models and scenario analysis.
The platform requires practice to understand the inner workings of how all the calculations work in the back end. If you have any questions on how things work in the backend that can’t be answered from the course in the training section or the FAQs below, please ask your leader.
See below for our training material:
Strategy Training with Adrian
Part 1 - Client View and Default Assumptions
Part 2 - Detail & Scoreboard Pages
Part 3 - Portfolio Page
Part 4 - Map Page
Part 5 - Compass Page
For further depth on various features on GamePlans itself, feel free to visit their system training.
Gameplans course - www.gameplans.com.au
Jordan from Gameplans has also created a FAQ, collated from many other BAs using the platform here:
FAQ - GAMEPLANS
I have a unit/apartment/townhouse that has underperformed, how should we model it going forward?
- For these assets, we can use a more conservative 3% growth rate or we can the growth up to date (if even lower)
- We can also consider rental growth to be a bit lower at 2-3%
How can I add my share portfolio on GP?
- Typically we keep shares separately as it does mess with our calculations, but if you really want to we can add it as a property, name it shares, put the portfolio value = market value, no loans or expenses, growth rate (net of management fees) and dividend yield = rental yield
- But this does cause complications when modelling out refinancing with our assumptions
The total debt is way higher but the offset debt is much lower?
- Lower the ‘Re-Finance on New Purchase’ or ‘New Loan Amount’ assumptions so it doesn’t pull out all the equity and put it in the offset account
Selling a property and buying one in the same year causes numbers to look off (Potentially fixed now)?
- Buy and sell in different years if possible
- Change ‘Re-Finance on New Purchase’ assumption to 0%
Do I consider money I’m putting towards my investment properties in the savings per month?
- Consider savings not including the repayments and rental expenses going towards the mortgage or the investment portfolio
- Just the net amount your bank balance is going up by
- As an example, if we purchase a property that is negative cashflow $1000 a month, our savings per month drops by that amount
How do the different loan types change the model?
- IO (auto repayments) - Standard IO with repayments automatically calculated and should be accurate
- P&I (auto repayments) - Standard P&I repayments with automatic calculations, naturally will pay debt faster than IO (auto) as repayments are higher and assuming the same monthly savings rate
- IO (manual entry higher repayment amount) - Assumes the excess money goes into offset
- P&I (manual entry higher repayment amount) - Assumes the excess money goes into the offset, but debt pays off at the same time as IO (higher repayment amount). Passive income will be lower due to higher repayments though
When I switch loan type from P&I to IO, why does my passive income go up significantly?
- Will consider the difference in passive income, with the interest payments calculating on what’s in the offset account
- This will also end P&I repayments if the loan is fully offset, but repayments are still ongoing
How do I model what passive income I actually would be on when my loan is fully offset on P&I repayments?
- Switch P&I loan to IO on the year you want, should show the actual passive income