PropertyInvesting.com | limumeng | Activity https://www.propertyinvesting.com/members/limumeng/activity/ Activity feed for limumeng. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d6fd88b12affe066d3aa6371ee2d0abf limumeng replied to the topic Increase Property portfolio in the forum Creative Investing https://www.propertyinvesting.com/topic/5032109-increase-property-portfolio/#post-5032174 Thu, 29 Dec 2016 12:27:54 +0000 Thanks Terry ,

If I used it for 3 months only, will ATO be concerned ?

]]> 8db21d501bb0f366c928078e5f088b31 limumeng replied to the topic Increase Property portfolio in the forum Creative Investing https://www.propertyinvesting.com/topic/5032109-increase-property-portfolio/#post-5032169 Thu, 29 Dec 2016 12:12:48 +0000 Hi Terry

Thanks for that.

If for example, I just bought a new property and declare it as a PPOR.
I have no other PPOR.
I comply with all ATO rules like changing address, utilities, mails, my personal stuff etc.

Is there a minimum stay on on my PPOR before I moved out to activate the the 6 year rule?
ATO website says, no minumum length, but…[Read more]

]]> 712b8ac01fbd1224922f09a69ee3c8b7 limumeng replied to the topic Increase Property portfolio in the forum Creative Investing https://www.propertyinvesting.com/topic/5032109-increase-property-portfolio/#post-5032141 Tue, 27 Dec 2016 13:03:53 +0000 Hi Terry,

I thought if I hold the PPOR for 12 months, I am not subjected to CGT.
Am I wrong ?

Thanks

]]> 388355f15dac0ea9493f08e0f71a7765 limumeng replied to the topic Increase Property portfolio in the forum Creative Investing https://www.propertyinvesting.com/topic/5032109-increase-property-portfolio/#post-5032139 Tue, 27 Dec 2016 12:57:09 +0000 Hi Terry, Tony & Benny

Thanks for your valuable advice.
You guys are awesome in giving me a fresh look into how best I can redirect my funds and creating equity.

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

I am fully aware that PPOR is not subjected to CGT.
The reason I…[Read more]

]]> 0b69bc67e899c46711ec2bec4230c2b5 limumeng started the topic Increase Property portfolio in the forum Creative Investing https://www.propertyinvesting.com/topic/5032109-increase-property-portfolio/ Mon, 26 Dec 2016 05:56:25 +0000 I have a PPPOR which does not have any mortgage on it.
Market appraisal is around $750k. I have 5 other IP which I took out max loans on it.
The IPS are generally breaking even or 2% negative geared on it.
Is it a good idea to sell my PPOR and put into each IP some cash to offload the loans.
So that I can get positive income from the…[Read more]

]]> e434d78d7dbb37bb349604aecaabf26d limumeng replied to the topic To sell or keep in the forum Creative Investing https://www.propertyinvesting.com/topic/5012182-to-sell-or-keep-3/#post-5012227 Sat, 22 Aug 2015 13:43:10 +0000 hi Benny

Yes, I probably use those “Sellmyhouse” or PropertyNow Agents” and sell it myself.
As it is empty and a display home, should be easy to sell as nothing to move or clean up

]]> a3dbe06d99877ae382904c5e337cb616 limumeng replied to the topic To sell or keep in the forum Creative Investing https://www.propertyinvesting.com/topic/5012182-to-sell-or-keep-3/#post-5012221 Sat, 22 Aug 2015 11:25:12 +0000 Hi joeygbh

Your answer is splendid.
I need some assurance of what I had been thinking.
All of what your said is exactly right.
I will look at selling and move on after all the last 2 years I already made some income from it.

CHeers mate

]]> d2fb9e21f81137c3084bcd26c1f63dc2 limumeng started the topic To sell or keep in the forum Creative Investing https://www.propertyinvesting.com/topic/5012182-to-sell-or-keep-3/ Fri, 21 Aug 2015 08:27:31 +0000 I bought a display home 2 years ago in Perth and leased back to the builder.
It was 7% rental which was positive geared.
Its a 2 storey , 4×2 home. With all the decors and furnishings, it looks stunning.
I paid $688K for it. I took “Interest Only” loan for taxation purpose.
Now the lease is coming to an end, I am stuck whether to sell or keep as…[Read more]

]]> f5332a38190f45087a3707f4d836076c limumeng replied to the topic Build or sell the Block in the forum Help Needed! https://www.propertyinvesting.com/topic/5010233-build-or-sell-the-block/#post-5010275 Mon, 13 Jul 2015 01:45:42 +0000 Hi Jacqui & Tom ,

Thanks for the advice.
The problem is I bought the 2 blocks by cash. There is no loans on it.
Hence, just paying the rate and Water rate but no income.
So was thinking how best to manage the money to another property or let it sit there.
Do I need the money – Can say Yes or No, depends

The other issue is, being inter state,…[Read more]

]]> f7f04e58215e756f43d47109fa009209 limumeng started the topic Build or sell the Block in the forum Help Needed! https://www.propertyinvesting.com/topic/5010233-build-or-sell-the-block/ Fri, 10 Jul 2015 05:44:53 +0000 Hi,
I have 2 blocks of land in QLD.
I live interstate now.
I bought it 7 years ago for $150K each. Both around 2500sqm. It posses excellent views.
It’s worth around $250K or so? But I was thinking if it is better to build a 4×2 house on it then sell or just sell the block and take the profit. Which method is better for investment returns ?

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