PropertyInvesting.com | The Immigrant | Activity https://www.propertyinvesting.com/members/the-immigrant/activity/ Activity feed for The Immigrant. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7ee4365ff363ba3731b8428d5f5191b4 The Immigrant replied to the topic RENT ROOM BY ROOM -House conversion to Shared House (Rooming House) in the forum Help Needed! https://www.propertyinvesting.com/topic/4408852-rent-room-by-room-house-conversion-to-shared-house-rooming-house/#post-4687430 Wed, 19 Jun 2013 11:25:34 +0000 Thanks guys for your inputs. I can see why investors shy away from this because it would be very difficult to manage, let alone find an insurance to cover this type of tenancy. Having said that, I think we can see a potential for cashflow in the short term while we prepare for the townhouse development. We plan to manage this ourselves as we are…[Read more]

]]> fc1606d9449e68c3c861d8c431adce64 The Immigrant replied to the topic RENT ROOM BY ROOM -House conversion to Shared House (Rooming House) in the forum Help Needed! https://www.propertyinvesting.com/topic/4408852-rent-room-by-room-house-conversion-to-shared-house-rooming-house/#post-4687427 Tue, 18 Jun 2013 22:03:21 +0000 Too bad there is no comment on this post. I am very much interested on other's experience on this kind of tenancy. We are thinking of buying a house and turn it into a 'rooming house' for the short to medium term but with a plan of developing multiple townhouses on the property in the long term.

]]> e5f725ca43436bc262ca9d1b5781e59a The Immigrant replied to the topic Property Solicitor in Melbourne in the forum thanks guys for your https://www.propertyinvesting.com/topic/4405850-property-solicitor-in-melbourne-2/#post-4663656 Mon, 13 Feb 2012 23:32:40 +0000 thanks guys for your recommendations.

]]> 3db582fa109f729a57c97bf8d31ba8a5 The Immigrant replied to the topic Staging a Property for Rent in the forum Value Adding https://www.propertyinvesting.com/topic/4405566-staging-a-property-for-rent/#post-4661663 Mon, 09 Jan 2012 23:30:06 +0000 Also, would anyone recommend a property manager here in Melbourne that can manage a property located in northern suburb. I was considering RUN property and Metro Property managment. Any comments on these two.

]]> cbe5bf4df2896e4c66f16465fa20b4b0 The Immigrant replied to the topic Staging a Property for Rent in the forum Thanks guys for the https://www.propertyinvesting.com/topic/4405566-staging-a-property-for-rent/#post-4661662 Mon, 09 Jan 2012 23:27:00 +0000 Thanks guys for the reply.Where the property is located I don't think there is a demand for furnished rentals. Since it is a small house, we would probably stage it ourselves with a few furnitures.

]]> c36f6d93ecc958d82b7ad2565805f88a The Immigrant replied to the topic Lenders Mortgage Insurance (LMI) - a good or bad thing? in the forum Finance https://www.propertyinvesting.com/topic/4404097-lenders-mortgage-insurance-lmi-a-good-or-bad-thing/#post-4650941 Thu, 13 Oct 2011 06:36:26 +0000 fredo_4305 wrote:
if I refinance that loan with the same lender to access equity after the the 3 years would that mean I need to pay complete LMI again as opposed to a top up? Cheers Brendon

Hi. No one has particularly answered above query. And i am seeking the same answer as well. Say you paid for LMI, and after 2 years your property has…[Read more]

]]> 857eab0a6c6d130c4f2bb18947f7ac85 The Immigrant replied to the topic millionaire apprentice in the forum Help Needed! https://www.propertyinvesting.com/topic/4404468-millionaire-apprentice/page/3/#post-4654001 Thu, 06 Oct 2011 01:27:33 +0000 Good luck. Hope all things go well.Keep us updated.

]]> cfeb9e9369a48000e14016f51df66dfd The Immigrant replied to the topic Starting Fresh in the forum Help Needed! https://www.propertyinvesting.com/topic/4404792-starting-fresh/#post-4656304 Fri, 23 Sep 2011 06:49:35 +0000 Success is never easy. There are always obstacles and problems you go through. And that's fine as long as we learn from and capitalise on these problems. Success, just as in life, is never easy. But it is better to be successful than not because you'll get hit with problems no matter what anyway.

]]> 4c5be85bb9e970e9c78e589445c178e9 The Immigrant replied to the topic millionaire apprentice in the forum Help Needed! https://www.propertyinvesting.com/topic/4404468-millionaire-apprentice/page/2/#post-4653997 Thu, 22 Sep 2011 05:16:32 +0000 Hi lordopg. We've been accepted into the program. Stephen will talk to you first and assess you I think. Then he tells you that they will call you back to see if you progress to the next stage which is the one on one talk. Then they will take it from there before finally deciding. That was how the process went with us.You just have to find your…[Read more]

]]> 1b96bc72845f83ac2630690f332d8091 The Immigrant replied to the topic millionaire apprentice in the forum Help Needed! https://www.propertyinvesting.com/topic/4404468-millionaire-apprentice/page/2/#post-4653994 Tue, 13 Sep 2011 06:23:03 +0000 Thanks andrew. I surely hope so, because if I will be successful, I will surely be able to influence people around me, and then they will pass it on to others too. It will surely have a trickle effect.

]]> 8dca0689a20aba10cbe8df8b07c94c01 The Immigrant replied to the topic millionaire apprentice in the forum Help Needed! https://www.propertyinvesting.com/topic/4404468-millionaire-apprentice/page/2/#post-4653991 Tue, 06 Sep 2011 02:57:14 +0000 I too applied for the Millionaire Apprentice Program and was shortlisted. Yesterday, I got a phone interview with Stephen Tolle himself, and was really blown away with his passion. My application is still being considered, and will get a confirmation this week if I made it to the program. It will be an exciting journey if chosen.

]]> cfc80ba3262ebbd1fe851f5fc2a1eac4 The Immigrant replied to the topic Asset Protection Permit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404483-asset-protection-permit/#post-4654091 Mon, 22 Aug 2011 10:00:00 +0000 I got an indication that my builder will be taking care of it.

]]> 64cdd351417e668d5f1787732a223477 The Immigrant replied to the topic Asset Protection Permit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404483-asset-protection-permit/#post-4654087 Sat, 20 Aug 2011 08:13:18 +0000 The permit fee which is $200+ is non-refundable, but the bond which is $1300+ will be refunded once final inspection is satisfactory to council.What i want to know is, will the builder be paying for this permit and bond?

]]> 0282cff5c5ba47029ab72e74ee5f32e4 The Immigrant replied to the topic Asset Protection Permit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404483-asset-protection-permit/#post-4654085 Fri, 19 Aug 2011 13:39:41 +0000 The invoice is addressed to us as property owners. Does that mean I should be giving the invoice to the builder for him to pay the permit and bond?

]]> 0dc3e069049a1b52152165e3c986f5ce The Immigrant replied to the topic Change of circumstances after unconditional finance approval granted? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404294-change-of-circumstances-after-unconditional-finance-approval-granted/#post-4652792 Tue, 26 Jul 2011 03:04:35 +0000 The builder has included in the fix price the preparation costs. We actually have already done the permits (except the building permit which will be done by builder), including soil tests, pit and water connections.If it's about 2-3 weeks more to go, I might as well pay for the 5% deposit coz it will take probably about the same time for the…[Read more]

]]> 601ea85f94be008fc8103828a8bb105a The Immigrant replied to the topic Change of circumstances after unconditional finance approval granted? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404294-change-of-circumstances-after-unconditional-finance-approval-granted/#post-4652790 Tue, 26 Jul 2011 01:43:17 +0000 Apologies but can I jump in on this post. Got a similar query.Michael, our application for contruction loan has just been approved. But i understand it will still take some few weeks to get the docs from the banks signed and the for the funds to be availabe. We had an agreement with the builder that I can pay for the 5% deposit so they can start…[Read more]

]]> 37bf40ad6d78caec48e15617a24e6d66 The Immigrant replied to the topic Drafting costs for a first time builder? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404277-drafting-costs-for-a-first-time-builder/#post-4652684 Tue, 26 Jul 2011 00:18:53 +0000 Base from my recent experience, I too believe that's reasonable. Just make sure the fee covers every amendment to the plans. We have learned this lesson very costly as our first draft consultant charge us $1500 for every amendment requested by council.

]]> f91c9216d46c097cbe296250cdb4dfb4 The Immigrant replied to the topic USA investor from Melbourne in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402151-usa-investor-from-melbourne/page/2/#post-4637915 Thu, 21 Jul 2011 03:33:26 +0000 Hi. I am in the process of researching on how to invest in US property. I would appreciate if someone who has gone through the process and actually done meet up with me and discuss. I am based here in Melbourne. Thanks.

]]> ee28f65cf773774518b015a5eac40e10 The Immigrant replied to the topic Investing Without Fear in the forum General Property https://www.propertyinvesting.com/topic/4403349-investing-without-fear/#post-4645868 Fri, 15 Jul 2011 00:47:23 +0000 Thanks Anthony for the article. Keep them coming.

]]> f56609cd37afabdb5715c031d2357781 The Immigrant replied to the topic Order of "things to do" please in the forum Value Adding https://www.propertyinvesting.com/topic/4404194-order-of-things-to-do-please/#post-4651589 Thu, 14 Jul 2011 02:21:23 +0000 Even if council says you can subdivide, that usually comes with conditions. Most councils don't want to subdivide a vacant lot unless they have an assurance that you will build on it. Normally you build first then subdivide later, or do them simultaneously as there are applications that take so long to complete.I am in the process of subdividing…[Read more]

]]> dd61dbbfbe20e21234f38e1a7aca5a90 The Immigrant replied to the topic How to put a value on a piece of land? in the forum General Property https://www.propertyinvesting.com/topic/4404180-how-to-put-a-value-on-a-piece-of-land/#post-4651498 Tue, 12 Jul 2011 05:02:26 +0000 contact real estate agents near you and they can give you estimate values.

]]> b27475d239b30c92893a75426810e26d The Immigrant replied to the topic offically mine in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403147-offically-mine/page/3/#post-4644177 Thu, 07 Jul 2011 02:33:01 +0000 Congrats Rick.This has been a great read so far. I hope I can buy an investment property in the US too.I have not  read in this post if someone has successfully got finance to buy investment property in USA with HomebuyersUSA or other agents.Anyone?

]]> f0f6b8586e25522d63482532af5db6c0 The Immigrant replied to the topic Building Quote in the forum Help Needed! https://www.propertyinvesting.com/topic/4404005-building-quote/#post-4650290 Mon, 04 Jul 2011 03:15:08 +0000 I just got the building contract from builder and got FPBC for $155K. The building is to be built at rear of existing house. It is a 2BR unit with about 75sq.m plus a 22sq.m garage.The above quote includes a carport for the existing house, and driveway, and also includes cost for removing the garage and clearing the rear area.Before I sign the…[Read more]

]]> d6627048faf82be9c76238d70a488371 The Immigrant replied to the topic jason purchase from UNIVERSAL PROPERTY GROUP. in the forum General Property https://www.propertyinvesting.com/topic/4404059-jason-purchase-from-universal-property-group/#post-4650717 Sun, 03 Jul 2011 06:22:58 +0000 I totally agree to above comments

]]> e17a2be2054bd3cbde1b798ee4d812c6 The Immigrant replied to the topic Where to get Depreciation report? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404020-where-to-get-depreciation-report/#post-4650416 Thu, 23 Jun 2011 02:38:57 +0000 I have just double checked and confirmed that you have to hold your investment property for at least 12 months to get the 50% discount on CGT. No CGT on principal place of residence.

]]> 9e021fd86f5df04b97e5b36d9e1e94a4 The Immigrant replied to the topic Where to get Depreciation report? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404020-where-to-get-depreciation-report/#post-4650414 Thu, 23 Jun 2011 01:54:02 +0000 I think you need to live in it for at least 12months to be able to get 50% off discount on tax on capital gains if you sell later.I would be interested on suggestions on who to go to for depreciation report as i will be getting one when my development is over.

]]> 3265c712c11a8fbcd3ce1597a1e09d9f The Immigrant replied to the topic Building Quote in the forum Help Needed! https://www.propertyinvesting.com/topic/4404005-building-quote/#post-4650286 Tue, 21 Jun 2011 05:22:08 +0000 Thanks Beedie. How do i "put it out to tender". and what are the specs needed? I don't want to give out the working drawings and plans if I can avoid it coz the applicant on it is our builder. I just want to know if the quote of our builder is similar to other builders, or if it's significantly higher then I may still pull out.

]]> 986cbf33ee1a37938e487e4b2190424b The Immigrant replied to the topic Need advice on financial path to take... in the forum Help Needed! https://www.propertyinvesting.com/topic/4403606-need-advice-on-financial-path-to-take/#post-4647532 Thu, 12 May 2011 03:17:47 +0000 Hi Corey,I agree with Nathan. Keep saving and educating yourself. Don't worry, you have all the time since you're starting at a very young age.Rich Dad Poor Dad by Robert Kiyosaki was an eye opener for me. I wished I have read that when I was your age.Good luck and keep dreaming.

]]> 3c7930c0957cfc93faf9b9e0a4851b8b The Immigrant replied to the topic 10 May 2011 Aussie property investor shot in Detroit outside property he was renovating in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403587-10-may-2011-aussie-property-investor-shot-in-detroit-outside-property-he-was-renovating/#post-4647383 Tue, 10 May 2011 11:17:17 +0000 My condolences to his family for their loss.It's very sad indeed

]]> 851fb18609256decb24f1587349a221f The Immigrant replied to the topic How to build a 10 property portfolio in 3 – 5 years realistically on $50,000pa. in the forum General Property https://www.propertyinvesting.com/topic/4403433-how-to-build-a-10-property-portfolio-in-3-5-years-realistically-on-50000pa/page/3/#post-4646484 Thu, 05 May 2011 03:11:23 +0000 Thanks everyone for sharing your investing journey. You are all truly an inspiration.I am in my mid 30s and I wish I had this kind of mindset when I was younger. But I reckon that does not matter. What matters is what you are doing with information that you have, year in and year out, so you could reach your goals.We are just starting. We are…[Read more]

]]> fc4be3de8e91140fe160c0e98382db9c The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Yes it is Andrew.Thanks. https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626543 Fri, 29 Apr 2011 06:56:46 +0000 Yes it is Andrew.Thanks.

]]> b9ee833e379185eca91454bb3ad0fdb2 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626542 Thu, 28 Apr 2011 00:33:46 +0000 Have forwarded to the surveyor stamped plans and working drawings so they can start with the subdivision application.I have a question. Where does costs for working drawings and engineering works fall under? They won't be under townplanning costs nor subdivision costs, are they? Would it be under building costs then?

]]> a3308129805c3ca0865d728b8977103f The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Hope everyone has had a good https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626540 Wed, 27 Apr 2011 00:09:28 +0000 Hope everyone has had a good long easter weekend.Am really getting excited now. We just received the stamped plans last week from council. Working drawing are all done. We are now ready to subdivide, and while doing that we will get the engineering works done, then the building permit after that. Hopefully things will be much faster now than the…[Read more]

]]> c349a3dd1b12046fb72946940f6c084e The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum I totally agree with you https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626539 Mon, 18 Apr 2011 00:41:00 +0000 I totally agree with you andrew. that would be wishful thinking :)That's why I think it all now depends on the private townplanner we pay to do the applications for us. As professionals they should be able to manage this to reduce the application time to the least time possible.

]]> 34ce620485de3e2287d334028ff7dfbd The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum I totally agree. But I think https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626537 Thu, 14 Apr 2011 22:46:19 +0000 I totally agree. But I think that's why we can file a complaint to VCAT; but that would be counterproductive as it make matters longer and if not worse.

]]> bf583ee2b4820f4eee4dc7a42e86cad2 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/page/2/#post-4626535 Tue, 12 Apr 2011 23:36:00 +0000 Hi rishi,Our applications is with darebin council. Which council are you with?

]]> c3fdb4cbcca7335a4bc32e707294aff0 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/#post-4626533 Wed, 06 Apr 2011 00:50:40 +0000 Thanks for sharing as well. But I think I made an update in another post that we scrapped the two-storey plan and switched to another draftsperson who doesn't rip us off with every modification to the plan. So basically, we made it a 2 bedroom single storey as advised by our builder. Coz even for a 2-storey we can only still fit in 2 bedrooms as…[Read more]

]]> 01f8baa47635c0780db957e720419c7e The Immigrant replied to the topic Complications of partnering with sister in the forum Help Needed! https://www.propertyinvesting.com/topic/4403096-complications-of-partnering-with-sister/#post-4643850 Wed, 30 Mar 2011 03:37:06 +0000 We are in a similar situation with a friend. It's not the best option but i guess we all got what we wanted. As much as possible find other options if there is any. Weigh the risk first.

]]> 1ce8c5684a31b056a12848e14083f745 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/#post-4626530 Mon, 28 Mar 2011 22:11:03 +0000 We are just waiting on the stamped plan from council, so it would be anytime soon. But there is a bit of development from my water application for the subdivision. Yarra Water says that we should not be planting a tree on one corner because the sewer is just under it; but this is on the plan coz council required it. I told our planner about it,…[Read more]

]]> 54eece8008f67482f997997c6dbe1837 The Immigrant replied to the topic Who's doin' what in 2011? in the forum Activities for this year: 1. https://www.propertyinvesting.com/topic/4402654-whos-doin-what-in-2011/page/2/#post-4640911 Mon, 28 Mar 2011 06:07:23 +0000 Activities for this year:1. Waiting on stamped plans from council (hopefully in a week or two). This planning permit took us almost two years. wheeew.2. Get subdivision underway.3. Hopefully building is finished by end of the year.4. Network with developers, and find a mentor (anyone?)Cheers,Ricky

]]> fc6b4d29ad2a6ac05954a27e30f2803d The Immigrant replied to the topic Power and Water Applications in the forum I finally got hold of our https://www.propertyinvesting.com/topic/4402930-power-and-water-applications/#post-4642960 Tue, 01 Mar 2011 22:34:07 +0000 I finally got hold of our builder after two weeks of chasing him, and he is going to organize application for this.

]]> 19df58a43c31c7b626cd92c6e8eb23fe The Immigrant replied to the topic Plans of Subdivision in the forum Help Needed! https://www.propertyinvesting.com/topic/4402819-plans-of-subdivision/#post-4642130 Fri, 18 Feb 2011 04:58:57 +0000 Plan of subdivision is usually done by the land surveyor. But besides that, most council won't allow you to subdivide until you have a planning permit first. This is to make sure that you will actually build on the subdivided land. And it is better to do that anyway because what's the use of subdividing it if you don't have a planning permit so…[Read more]

]]> db2731e7ce9dbb9d795b84eb294b3731 The Immigrant replied to the topic Investors Ruined Australia in the forum This thread has been so https://www.propertyinvesting.com/topic/4401596-investors-ruined-australia/page/2/#post-4634521 Tue, 08 Feb 2011 01:55:38 +0000 This thread has been so interesting and informative. Thanks guys for sharing your views to us newbies.

]]> b549631ed46f59464baf8a5700f202de The Immigrant replied to the topic Subdivision Cost in the forum Help Needed! https://www.propertyinvesting.com/topic/4402455-subdivision-cost-2/#post-4639636 Wed, 19 Jan 2011 22:17:18 +0000 That's what I reckon. Since they are often used by our builder, i think they will do fine.Does anyone have any idea what water or electricity services cost when doing a 2-lot subdivision? And any other costs to be expected when doing a subdivision?

]]> f8a52c345ced4545ccc2f718cad57c03 The Immigrant replied to the topic Subdivision Cost in the forum Help Needed! https://www.propertyinvesting.com/topic/4402455-subdivision-cost-2/#post-4639634 Wed, 19 Jan 2011 10:12:53 +0000 I got a quote from ALine Surveying for $2900 which is $600 more than JR Edwards, the surveyor recommended by our Builder. So I am going with JR Edwards.

]]> 9c181ee9c2192b4b775029a9ae2682b8 The Immigrant replied to the topic Subdivision Cost in the forum Help Needed! https://www.propertyinvesting.com/topic/4402455-subdivision-cost-2/#post-4639632 Thu, 13 Jan 2011 23:30:36 +0000 I was told it would cost about 3-4.5K.Dwolfe, I think I would go for ALine. They were actually the ones who did the survey for the planning permit. And i think their fee is a bit cheaper too. I will post the total cost for the subdivision once its done.Also, I got a quote for a landscape plan for $594 GST inc. Is the cost about that much?

]]> be83e41f6f0d18d60e6bc001b657796e The Immigrant replied to the topic why does everyone want to retire at 40??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399778-why-does-everyone-want-to-retire-at-40/page/2/#post-4623536 Tue, 17 Aug 2010 07:02:35 +0000 Thanks all for the posts. It is an interesting read.As for me, being in my early 30s, I want to retire from a 9-5 job as soon as I am financially able. My aim is to achieve that by age 40.Life is too short and we might as well enjoy it with what matters most.

]]> a9df48a462bf2b722964d19aaccee086 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/#post-4626524 Thu, 05 Aug 2010 09:32:55 +0000 Thanks DWolfe for the encouragement. At least on the positive side, there is another thing i learned from this. It has been a learning experience and i am still climbing up the learning curve.

]]> 7f9a1f3c1e3a88cf3f5c7ded670f3bb5 The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/#post-4626522 Thu, 05 Aug 2010 07:16:21 +0000 Update on Planning Permit:We got the planning permit but no stamped plans because the permit has several conditions. This means that the floors plans should be modified according to the conditions before council endorses and stamps it. This also means we need to pay the draftsman to do the modifications. This is surely another obstacle again…[Read more]

]]> 8af4988f8b8cc9892862112016120e4b The Immigrant replied to the topic PLANNING PERMIT ALMOST TO BE RELEASED in the forum Opinionated! https://www.propertyinvesting.com/topic/4400322-planning-permit-almost-to-be-released/#post-4626521 Sun, 18 Jul 2010 01:59:46 +0000 Thanks Andrew. I will update every now and then on the development of this project.

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