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Over the years of your investing have you B&H IPs or traded IPs or both? From your experience and life changes over the years what did you find was the most effective to create wealth, the life you wanted and allowed you to purchase your dream home? B&H IPs with a few renos thrown in used...

Hi all, Have you ever tried and tried to get something or start something only to have many set backs? How do you know when to give up and realise it's not meant to be? I have found sometimes with investing and life it's best to do nothing, as sometimes there is something better around the...

Hi all, How have you created a life balance for yourself and/or your family while creating wealth? I personally think travelling once/yr either overseas or interstate so that you have something to look forward to after working hard during the year!

Hi all, What are your plans/goals for fun in 2011? I would like to travel to South America, continue to increase my running and cycle more, take a painting class, learn to be content with who I am and basically get in touch with my creative side!!:D What about you??

Hi all, I have tenants who have been quite picky as to how they expect the house to be when they moved in (the house was completely renovated last year). They signed the lease as the house is but they are now requesting fly screens to be installed in the main bedroom. The old fly screens were...

Hi all, I thought I had made my decision after doing the sums but now I'm not sure! So thought I would ask you all! The IP is in Urangan, Hervey Bay QLD. I have had this IP for 3yrs now and have only been able to increase the rent by $10/wk. The agents I have spoken to seem to think I will...

Hi all, Has anyone paid approximately $15,000 break costs from a fixed rate to enable you to sell a slow CG and low CF IP? The rent has increased by $10 in nearly 3yrs and the IP has grown maybe $5,000 -10,000 in that time! Looking at my spreadsheet the last 2yrs it has lost me $17,000 each...

Hi all, What sort of strategies are people using to produce an income from IPs in the current climate i.e buying and subdividing, build, renos and selling to make enough of a profit so that the selling costs and CGT don't chew it all up? Or are most people just buying and holding atm? I...

Hi all, Does anyone know which LMI companies ING and Commonwealth use? Thanks, Tarah

Looking back over your investing journey, what would you do differently to improve your wealth today? Mine would have to be to keep buying an IP each year following my first purchase in 2000 and not wait until 2005 for the next one! Definitely learnt from this :D

Hi all, Can anyone tell me what a reconstruction of shares is? I have received a statement from my friend's deceased estate I was executor for that must have been missed by the solicitor (settled in 2008). There was 20000 units and now after the company reconstructed in Jan 2010 there is 138...

Hi all, Someone on SS mentioned that if you sell an IP using the 6yr PPOR rule you have to pay back the depreciation deductions you have claimed over the years it was rented. The ATO seemed to think that you don't but they weren't completely sure! Does anyone know from experience? Thanks!

Hi all, If people don't mind sharing, I would love to hear from people who have sold IPs in the past for whatever reason...do you regret selling? I have noticed that a lot of people regret selling an IP, especially if they don't buy another IP to replace the sold one. Thanks :)

Hi all, As there is the 6yr PPOR rule with CGT, is it the same with land tax? I am living with my partner and rent out all of my IPs so surely I can still theoretically have a PPOR as long as I have lived in it in the last 6yrs?? Thanks! :)

Hi all, Would you sell an IP that over 9.5 yrs has averaged $15,777 CG/yr? This is also including the boom in 2003/04. The net profit after the sale will probably be $30,000-$40,000, as I have used the equity in the past to buy others so not sure if it is worth the effort. I have never...

Hi all, Does anyone know of a quicker/better way to remove lino glue than using a heat gun? I pulled up the lino but most of the glue is stuck to the cement! It's coming off but need to get it done quick and I'm getting blisters!! Thanks! Tarah

Hi all, Is anyone building and holding/selling single homes in Adelaide at the moment and making a decent profit? I have just been thinking after some quick sums you could maybe make $50,000 per single dwelling. Or you could buy in more decent areas with good historical growth, do nothing and...

Hi all, What new activities or challenges have you tried in the past or are attempting now? It's great to continually learn and try new things so just wondering what other people have tried out and enjoyed or any hobbies you have?? Thanks Tarah :D

Hi all, What strategies have you used to replace part or all of your JOB income with PI, property development or business? I work 38hrs/wk, which I know isn't much compared to some but I would like more time to create an income from active PI and to try some new experiences for myself...

Hi all, Just wondering if anyone has contracted to purchase an IP subject to change of title? This was mentioned to me as an option (if the vendor agrees to wait for title change from Moiety to Torrens). This then allows borrowing of 80-95% on Torrens rather than 70% on Moiety. Can anyone...