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    Block of Units on 1 Title

    How many units? Which state ? One shortcoming with mutli units on one title is the market may be limited if you are forced to sell.
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    $2m in 22 months - Rob's story ..

    Thanks for sharing Rob, just wondering what is the portfolio -ve cashflow, if any ?
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    How broke have you been?

    When I arrived in this country 20 odd years ago, I had 500 bucks in my pocket and did not know a single soul. After paying the bond money and 2 weeks rent in advance for a room in a North Melbourne guest/rooming house, I was left with $150. The room was extremely filthy and after dark a rat...
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    Money morning readers?

    It took me few minutes (it's five in the morning) to work out what D&G is , google did not find anything. For those uninitiated like myself, it stands for doom & gloom.
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    Rich Dad 2009

    May be I am a bit slow or not much imagination, I read the "rich dad poor dad" back to front front to back couple of times, not sure what I got out of it. I would rather read MY or Lomas books.
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    how to deal with petty office politics

    Very good advice The Y-man, BV, celica, Piston Broke. My dislike of petty office politics has always been the main reason to invest in property (don't want to hear the dirty words share and super !). Now it gives me the option of running my own business and have a go.
  7. O

    Point Cook, Melbourne

    REIV has tried talking up the west for ages, in the end for Melbourians it is a great divide between the east and the west, and most people will know where they prefer.
  8. O

    how to deal with petty office politics

    Yes it seems people have different degrees of tolerance. But I found as I get older and a bit more equity my tolerance for the rubbish is very low.
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    IPs - who does all the work?

    Now it makes me feel better to know others are in the same boat, the only thing my wife does is signing the contract. No complaint though, she is a very good wife, mother, and earner.
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    Barnes & Couper, April API p.20

    Just reading my April edition of the API, these 2 ladies acquired 60 & 70 IPs in very short time. I know the number of properties doesn't mean much, it's the equity & cashflow that count. Besides the numerous maintenance headache, but how is it logistically(finding the IP, applying for the...
  11. O

    how to deal with petty office politics

    In an ideal world, the office is like a big family and everyone likes each other and treats others with honesty and respect. Ideal world doesn't exist, except on SS forum. There are backstabbers, yes men (or women), those who climbs the corporate ladder even if that means trampling on the...
  12. O

    Fed up with spams in optus mail

    Murtagh, this is a very good idea, but I couldn't find how to do this in optus mail. I guess from now now I will use gmail carefully & not sign up for everything !
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    If you are 50 will you use SMSF to buy IPs

    For those who are anywhere near the big 60 when all incomes from the super will be tax free, will you use SMSF to buy IPs so all future incomes are tax free. What are the pros & cons. I think the rule may have changed a bit, is it still true that SMSF can't borrow money to buy properties ?
  14. O

    Time to take a step back.

    Sorry to hear your loss. It reminds everyone on this forum that it's okay to build wealth, but don't neglect other treasures in life, such as watching your kids grow up, spending time with family and friends. I was having my day job and at nights and weekends getting another qualification and...
  15. O

    Eastern Melbourne Suburbs.

    Does that mean your CGA focus shifted from Brissy to Melbourne ?
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    Fed up with spams in optus mail

    I have been using the optus email since I signed up, found yahoo mail couple of years ago but it was not very user friendly, then came across gmail few months ago, very happy with it and started using it. It will take time to move all my optus email to gmail, but doing it now. Thanks guys for...
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    Fed up with spams in optus mail

    I have been using optus broadband for few years now, for the past couple of years my inbox is absolutely bombarded with spams telling me various ways to increase the population for this country. I phoned, emailed, wrote letters to optus telling them they need get off their backside and filter...
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    Aarrgghh! Crooked Tradies - So sick of them

    It's time we all dob in these scum tax cheats, no if, no but, period !!!! Lift the lid on these cockroaches. Surely those in the ATO with all the time in the world can think of something to catch these ...........
  19. O

    I have a good property manager

    My PMs are fantastic, not paid enough for what they have to put up with.
  20. O

    No Job - how long before I sell properties?

    This question is very timely for me, as we are planning moving interstate. My wife is asking for a job transfer, not sure if she will get it. Theoretically I have plenty of cash/LOC/emergency money to last a very long time, but it's still scary with all the loans and no income (in the worst...
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