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I have signed a Contract on a block of 4 units which are strata-titled. The block was built in 1984-5 at a cost $170,000. The person who built the block has owned them for the whole 22 years and has recently died. His executors are selling the block. During due diligence and disclosure, I...

While responding to another thread about keeping investment monies separate from personal monies, it reminded me of an article I read in yesterday's Sunday Mail. From memory, the article covered the story of an investor who borrowed $100,000 to buy an investment (some shares). The investor...

I ran into an old mate of mine yesterday who I hadn't seen for quite a while. He told me that he had recently sold his home for $1.4 million (sale date September 2003). He bought it in March 2000 for $575k. That is, a capital gain of $825k in 3.5 years or nearly 35% return compounding per...

I got home from work early last night (before 5:30pm) and watched "Brisbane Extra" on Channel 9 (while I was having a relaxing ale). It featured an article on the low amounts people have in Super. I can't remember the exact details but the show had two representatives from the public. One...

Hi, Last night about 17 Forum members (including Ian Somers, Asy, Sunstone plus others) participated in a "formation meeting" for the Brisbane Investing Group (BIG for short). It was decided by the group that BIG meetings: 1. Would be held monthly, 2. Are aimed at providing a...

Hi, I was reading the Feb issue of Money Magazine today. On pages 80-81, there is an article on Asset Protection. At the bottom of page 81, there is the following and I quote: "Unit trusts and hybrid trusts don't provide asset protection. Nor do corporate structures.......... This is...

In yesterday's (1 Feb) Courier Mail on page 71, it had an article titled "Brisbane's Inner West Vacancy Rates Rise". In the article, it quotes data from REIQ stating the inner west vacancy rate was 10%. This includes the suburbs of Toowong, Paddington and Red Hill. Does anyone have any...

This headline on the latest copy of the BRW magazine (23-29 January 2003 issue) caught my eye. The article (on pp 78 and 79) starts with "The return of discretionary trusts" and "The Board of Taxation gives the nod to the tax demon of the 1990s". Another quote is "Trusts are off the...

Hi Everyone, I am new to PIF (registered last night and this is the first thread that I have created) and by reading the other threads there seems to be some really knowledgeable and experienced property investors on this forum. I am receiving some advice from an accountant (I haven't had...