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Hi All, Haven't been here for quite some time as the enthusiasm for property has died. Anyway we are about to sell our last investment propery, settlement was planned for tomorrow and the bank has seriously stuffed us around. They are not ready to settle and the best we can get is a promise to...

Another lesson: Live in the present. Enjoy every day that you have for its own sake. That isn't a new idea to me but I seem to keep learning it.

Yes, selling p2 was a good move. Although I have made a small loss overall, I have saved a lot of interest. P1 is a much better property in a number of ways even though they are only about 1km apart. Lessons learned: P1 was a pretty good investment. It had everything going for it. There...

I had two properties on the central coast. The area has enjoyed 8-10% growth for the 10 years before we bought there. I had good growth out of property number 1 and bought property number 2. Then the growth stopped. If I had sold both properties then, about the time of my participation in this...

Well my goodness. It has to be at least 5 years since I contributed to this thread. Wow. Well I wish I could have told myself then what I know now. Sell all the properties, stay away from all financial planners and just stay away from investing alltogether. Buy a new couch, pay off the...

Hi Duncan, Thanks for your reply. I have read your references and they are very useful. The property manager has sent the compliance papers. Thanks, Robyne

Hello, Our tennants are about a month in arrears. I recall a couple of years ago that Geoff W gave a great guide to what to do in such situations. I thought it was so good I went to print it and file it immediately in such a situation arose,. Unforunately my printer stuffed up and I couldn't...

Bruce, Yes law is a great base for a whole range of careers and I have not yet decided what direction I would like to take but I remain enthusiastic about my future working life.

Sounds horrible Geoff. Sorry to hear that your employees are so slack. Certainly people chane over time. That's always been going on. Bruce, I wasn't disputing the figures I know the spike in births was real. I just don't think you can catagorise everyone in such a broad way. eg if I...

Baby boomers? I can remember in the mid eightees when people used to talk about the baby boomers. These were baby's born when the soldiers cames back from World War and some years after, as the economy improved and people were able to live the lives they dreamed of when the war was on, they...

Hi Geoff, I can't seem to get the exact URL but if you go here and look at recent sales, look at Birdwood Ave you will see it. http://www.century21.com.au/umina/ In most ways it was not bad house eg location was pretty good. Certainly our timing was out but it could have been worse. It was...

Hi Geoff, No captial gains tax problems here! I sold it for more than I bought it for but with the extra costs of buying and selling it was is slight loss. Put in the interest and maintenance costs and, well, I try not to think about it too much. Sigh... Hence the picture of me in the...

Hi J Scott. Don;t know how wealthy my wealth manager is but I don't have enough money for the platinum section so that PS can review my plan personally so I am going to one of his people. TFB, Hello. Not sure what you are getting at. Yes, the committment is $7500pa in advance for 6 years...

I am doing it I am getting $100,000 of it. This is all with the loan. It looks pretty good to me. There is some risk but I guess there is risk with everything and I just got rid of my dog property which was costing me much more per year than the interest on this investment even if it doesn't...

Oh yeah. Sorry.

Hi Handy-Andy, According to the first post, the lady only had, just over a couple of million, not fifteen million. Still, I'd settle for that. I do not know of any compensation scheme that offers pay outs of that magnitude, certainly not victim's compensation. Possibly insurance but as...

I think this lady was probably embarrassed that you had to give her a lift to Anglicare and made up a story to make you think she was actually wealthy. Also, here's my soap box, I think there is a lot of poverty in Australia, it just isn't out in the open. Think of the family of a parent who...

Don't forget that if the tax dpt considers that you are trading rather than investing, (which could be the case if you have a number of properties turning over, even if each one is owned for more than one year) then you don't get the discounted capital gains tax. You get taxed on what you make...

Hi Cheeks, Why don't you think these strategies work for you in WA?

Sorry I'm not Geoff.