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Congrats Michael!!!! Your determination and focus will reward you handsomely!!! Love hearing stories like yours because often as an investor we come across bumps in the road, like I am sure you have, and its great to see that your determination has helped you get over your bumps. I read...

thx guys for your pm msgs. i was however familar with that particular post. i guess i was looking for someone who had infact used them all the way through. thx :)

Hello property friends! Its been a while since ive posted-been busy researching!!! I wondered if any body has used the services of "pillar and post". I can certainly see lots of recommendations but i actually wanted feedback from someone who has infact hired them to help our with your...

Hi there, Looking at the option of a buy-reno front house - subdivide back and sell both off. At this stage, not looking at building at the back, just ofloading the land. And hopefully make my money along the way!!! :) I am looking at suburbs in the south east of melb, such as noble park...

Hello forum friends!! Its been a while, since ive been here but i am back!! I am now in a position to go again, and along with possibly attempting other strategies, I wanted to do a quick buy/reno/sell. I have no issue in costing a project but I am finding it a bit frustrating trying to...

Its been a while forum friends!, its nice to see this discussion still going. Since I first posted, I have assessed my 3 units, and decided to hang on. I have done the numbers to sell, and after paying selling costs and capital gains tax, I am not left with life changing figures! Yes, good...

Thanks Thommo for your feedback. Do u think its the sort of program for a person who has a few properties under their belt but just now needs guidance on how to move forward in the hunt for $100k passive income? :)

I realise this a bit of an old post....but if anybody had done the course, your feed back would be great. If you have done the course, please share your results. My partner is keen on this course, but not sure about spending so much cash! Tegan

I too have a property in Cardiff and have seriously considered a gf. Cashflow will be good, but I have been advised that if I was to reval that I could only see about 70-80cents in the $1. Sorry I don't have an answer for you but hope this helps. For the moment I have put the gf on hold until I...

[ A bit of background, after years of having two heavily negatively geared properties in Sydney we stumbled upon a magazine article in early 2012 on the cash flow benefits of granny flats. We then quickly moved to make both properties dual occupancy and they are now both close to neutrally...

"...Personally, if I was about to increase my taxable income by $197k, I would get professional help! ...." Absolutely!!! Thankyou heaps for your links. Will definitely be running the idea past my accountant before I take any action. Don't want to pay any more tax that I really have...

So my calculations are: purchased 18 yrs ago at $155 todays value is $600 capital gain in 18yrs is $445 2yrs/18yrs was ppr, so 2/18 from $445 is $395 discount of 50% is $197 therefore, $197k is subject to tax as part of my taxable income? Hope I am on the right track? tgan

Can somebody give me some help with working out what amount would be subject to cgt. I have a property purchased in 1996 for $155k that I am now thinking of selling. Property was an IP until 1999 when I moved in for about 18 months. In late 2000, I moved out, and property became an IP again...

Hi coastal, I think it is possible to do it under $20k. The key is to find a carpenter/builder who will co-ordinate it all or most of it, and basically use his own trades. That way he is aware of the tradespersons commitments and the tradies are used to working together. I renovated a house...

Have you spoken to a good broker or a new broker? You are only on property number 2 and you need to sell up already? I would definitely exhaust the funding options before you off load. What are your long term plans? Also have u done your numbers? Is this property really bad? What will be...

Hi JacM, The 1st property, purchased 16yrs ago, wasn't purchased with a purpose in mind. In the time of ownership, it has gone up from $155k to $600k. It was originally our home, then we upgraded and kept it as an investment. It has served us well in that, we have been able to access equity to...

Hello forum friends!! I wanted to get some feedback from some of you clever folk, regarding the state of the Melbourne market. I have 3 properties, 1 in a leafy north eastern suburb, (purchased 16yrs ago) , and 2 in another leafy eastern suburb. All a units, in nice neighbourhoods, close to...

As Terry said, I would seek legal advise asap!!! and definitely make every effort to go to the meeting. If I understand your set up properly, you sound like in all honestly, you shouldn't even 'belong' to this. ...I wonder if somehow, you can legally separate yourself, get your own title and...

I only have one question....Why?