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that i don't disagree. it is still good income. So it is like having a few core properties. And looking for ones you wish to renovate and sell.

Keen to find out who that lawyer is. I'm in melb. had a quick look on the website. however - i think it is kind of hard to find vendors who would want to do this. especially with this kind of market

how do you cope about the CG on those sale? I suppose you would have lots of depreciation schedules from your other properties or you draw it as your sole income?

Is it legal to do that? never heard of that method. Would the vendor allow it?

Better to move into it. declare it PPOR and then and sell it otherwise wait for 1 year for 50% on CG.

it is indeed very hard. i now prefer to hold and depreciate with higher rents coming in. i wouldn't say flips but i buy and and hold for a year to minimize tax. Unless there are good offers i would not sell as stamp duty kills. I recently bought a inner city unit for 430K and sold it for...

I would start with downloading episodes of the tv series "flipping Out" http://www.bravotv.com/flipping-out it's about an american guy who's flipped 50+ properties in Los Angeles selling them and making close to a million each. It shows how he juggles renovations, time mgmt...