Recent content by MSK

  1. M

    CGT and the 6 year rule

    Re: above comment Main res exemption kick in after the 6 year absence end date ie. Jan 2013, not after sale date.
  2. M

    CGT and the 6 year rule

    GaryT, when you say I should keep all receipts for the life of ownership, why will I need receipts AFTER the sale of the first property ? Wont main residence exemption kick in after that date ?
  3. M

    CGT and the 6 year rule

    Yes that's absolutely correct. So although we never really intend to sell our current PPOR, I am a little confused as to what to do. I am also thinking if it is an option to obtain a val (for both properties) for a point in time since which there has not been significant capital gain on...
  4. M

    CGT and the 6 year rule

    OK, thanks so much for the reply GaryT. That confirms exactly the understanding I got from the ATO website. My question then would be can I engage a valuer NOW to estimate market value at Jan 2007. I don't believe we had a valuation done at that point in time. If not, then can we just use...
  5. M

    CGT and the 6 year rule

    hi guys.... I havent been on here for a while as my steam for property investment has slowed down and we are considering selling our IP to pay off our PPOR and then just see what comes next... I need some help with calculating the CGT payable upon sale of this IP which was once our PPOR. Here...
  6. M

    Equity Line of Credit

    Thanks for the replies. The reason for the possible income drop is that I am looking to leave my job to ramp up a work from home business. The resulting income (in the short term) would be lower than our current total. The $10k/month does not include the $36k/year rent we receive from...
  7. M

    Equity Line of Credit

    A few months ago, I had posted for some opinions on the advs/disadvs of selling our IP which used to be our PPOR (we have just hit the 6 year mark). I am now thinking that instead of selling, I should get some equity out of the property into a LOC. At the same time, will request a LOC against...
  8. M

    Mentoring programs/Bootcamps etc ...

    That is the plan. See you there Raj !
  9. M

    Mentoring programs/Bootcamps etc ...

    yes you are probably right. I dont know if it is that I need someone to nag me, I think I just need company of people who are like minded. Which this forum does. But I need more direct and personal interaction, and that may be a reason I was so inclined to the offer of the mentoring program...
  10. M

    Mentoring programs/Bootcamps etc ...

    Their definition is that I attend at least 2 of their bootcamps (included in price) and to provide documented evidence of my property investment activities. Its a bit vague isnt it ?
  11. M

    Mentoring programs/Bootcamps etc ...

    Ok, so I am just thinking out aloud here.... If I have decided that property investment is definitely my chosen vehicle to financial independence and I am ready to purchase 1-2 IPs this year, but I have a sinking feeling that I may do nothing will all this new knowledge, and before I know it...
  12. M

    Financial review

    I was led to his website through some posts he made on Propertyinvestor.com.
  13. M

    Financial review

    Tobe, I actually won on the night. Normally I would have been elated at "winning" something, but my enthusiasm was already deflated when they thoroughly pushed the $199 session on everyone sitting there. Even the couple who said they would most likely do it, but wanted to go home and talk to...
  14. M

    Sydney Investor Meetup @ Baulkham Hills - Friday 15th February

    I will be there too!! Looking forward to meeting you all. Hope there are going to be other newbies coming other than just myself :o
  15. M

    Financial review

    Thanks SO MUCH to everyone who replied. I have cancelled the appointment. I feel better now (so does hubby). I am still in a position though of wanting to do an execise of running my numbers and brainstorming a plan forward wrt investing in property. Somersoft has educated me more than I could...
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