Thanks for your comments.

A link of interest…Facts & Figures.
http://www.infochoice.com.au/banking/news/04/06/article11841.asp

Those that know the “Real Bill”, would consider me to be enthusiastic and positive…. even about Real Estate….. but at the right time and place. Yeah, ok, a few other things too.

Impossible to…[Read more]

Yes ! All costs in the persuit of income are tax deductible…. don’t forget all the councilfees etc

Billfromoz

For what it’s worth … my brother runs a training program in the Sharemarket at a modest price…. March has been his worst onth on record.

Just a one off wonder? … I don’t think so!

He wrote nearly $200k in biz 3 monhs ago..then $100k… then $79k and March to date $13k?????

The Share market did not follow…[Read more]

I could not pass up the opportunity to comment on Docklands…. however why not ask Richmond to post all my warnings and emails to him off forum.

Folks the tremors and Scams at Docklands started back in October/November. ACA were not interested then… now 3 emails and telephone calls a day… what a difference a few months and…[Read more]

The US and GB are leading the way for a Bust , not only in Real Estate but you can now add the Stock Market to the list. Bank Shares will tumble as the R/E Mkt tumles along with the Dow Jones.

There are other opportunities to be had…. time to think outside the square. Yes I did predict the Dow Jones to break through the 10,000…[Read more]

A few months ago I offered to mentor/help people with
Investment issues etc.

Why did I make the offer? Because I have the experience to do so and it may make a difference in thier life…which makes me feel good…. so at the end of the day I do it for me, even if they may have benefited.

Perception ? People on this Forum and…[Read more]

An experndure incurred in the pursuit of income is tax deductible.

If you got 2 reports and walked away…. then another report on a third property that you ended up purchasng I feel sure that you can claim all three…. remember that all costs in the persuit of income is tax deductible.

I believe you have…[Read more]

To get ahead with your finances you only have to do two things.

(1) Buy and read/study …”The Richest Man in Babylon”.

(2) Pay yourself first. If, for example your take home pay is just $600 pw then Bank in a special account 10-15%..$60/$90 each week. My kids have a “Don’t touch account”. It Works!

No excuses …. arrange it…[Read more]

But I refer to the majority… they are spending too many after tax dollars on property and using the
“lotto size gains” over the past 7 yrears to…[Read more]

The economists making “sweeping statements” remind me of some of my earlier comments. Blue Ribbon Real Estate should hold it’s own but with much slower growth.

As most of the market is overpriced, in peoples ability to service(particularly the majority of investors) their mortgages given another 1 or 2% rate rise. Then the Domino…[Read more]

The only reason I hate the term “due dilligence” is because it’s Steve’s term. I have always referred too it as either… doing your sums…doing your homework…educating yourself… checking it out etc

The majority of the Forum don’t even have a mind of their own. To see people constantly using “Steve’s words”….like “due dilligence”…[Read more]

I know if your reading this you’ve had a gutful, but as I have said “I am not the ripp off merchant some would have you believe”. I write this, acknowledging that I cannot change a mind made up..irrespective of the truth.

The gentleman who sent out the email asked my permission before doing so…I had no…[Read more]

I just spent 30 minutes in doing so….typo in my password…and lost it all.

Will re do another time soon…as it is time the Forum has all the facts and they are not what is being portrayed.

Bill

Bill O’Mara

You have missed my point!

I am not writing options on behalf of anyone on the Forum.

I do not do biz with anyone until we have met and get to know one another, if we are like minded then maybe.

As for R/E… I have never said “sell up” but warned others that buying IP’s now is a certain loser.
Just be patient and…[Read more]

You are sadly mistaken. A forumite cotacted you Westan for a second opinion on Option Writing…. what would you know? In any case the prson concerned dismissed your comments as uninformed and lacking in any real Knowledge.

I am fussy who I do business with and Don’t do business with anyone I have…[Read more]

There was no need to mention the properties you have sourced are in NZ. With those yields they have to be in a Country tht will show negative growth and what happens when the 25% decine comes into play.

I hope you have a concious… what then”? Suva?

NZ will prove to be worse than Country towns in Aussie.

I also note that Westan is…[Read more]

Forumites don’t like Authentic people/views/experience
unless it’s what they want to hear.

Cheers

Bill

Bill O’Mara

4th para above should read early 1987 not ’97.

Bill
ps. No edit???

It never ceases to amaze me that people “into” Property think that this time it may be different.

Pigs might fly…

A little story on the Share Mkt,will give you an indication that you can compare to the latest Real Estate Boom. 1986 the “smart” money got out of the Share Mkt.. and placed funds into Cash Mngt.

By early 1997…[Read more]

I will put in my 2 Bob’s worth at the weekend. Just about to leave town for a couple of days.

Cheers for now

Bill

Bill O’Mara

Steve….

I was concerned in that the message I received, implied that I had sent you a message and that it contained a virus.

Steve, I did not think for a minute that any virus came from PI…my concern was that it suggested I had sent one to PI.

Cheers

Bill

Bill O’Mara

Thanks for the welcome back !

Why? No reason at all really.

First chance I’ve had to get back yo you and say hello. I was prompted by an unusual email I received…

It said that a virus had been found on an email that I sent to Steve… I’ve had similar before but not one that I recognised. Can someone explain how the connection…[Read more]

I was right the other day when I first posted “Enough is Enough”. Steve, I thank you for your efforts in trying to resolve the petty issues that have surfaced in recent days.

When I think about it, that’s the way it’s been since day one. It can be so frustrating to sit up until 3:00am completing 9 page Mortgage Programs…[Read more]

Bill

Bill O’Mara

Would you please reinstate Phil’s post? He was statng facts in his post, and not fiction like the post that started all this nonsense.

Do not deny him the right to defend his brother.

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

I will respond in detail late tonight or Friday.
Have not had time as yet.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

I have learned to be patient… I wasn’t always.

Reduce debt and see how 2004 pans out by end March… no crystal ball, but I can see that far ahead………. If you could read the emails I’m getting you would not touch R/E.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

NO… the bottom line is they will eat you alive!

Stay well away from them.

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

I looked at that C2… even interest only makes bugger all worthwhile difference…as I said Lucky Dave… hang in their I will get another opinion in the next 24 hours…… Please go to the trouble of completing the PFA… just as C2 did

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

I sure am mate….

Tell you a quick story…

In 1969 I was in Vietnam courtesy of the “lottery” I won…. I spent 80% of my tour of duty as a forward scout… scrub bashing on Operations.

We usually split sentry duty.. 2 hours each… trouble was if I copped the 2:00am shift.. I’d been awake anyway… buggered the next…[Read more]

Please do as C2 suggested… I know C2… he’s worth his weight in Gold to you.

We have swapped numerous emails and even a tel call from C2 in Japan… he can help you more than any of us….. Please email give me authority to give C2 your email…. you are both on my e-mail program.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages,…[Read more]

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

I know who I am speaking with… this is one letter at a time stuff for me. I have always told it as it was/is. If only my R/E competitors realise, that eventually clents except the truth. No matter how unpalatable.

Mind you, I only had like minded clients… I could sit in their home and say “we can’t do biz”
They would be…[Read more]

I think you are deluding yoursef in thinking youll make $10k prior to settlement… it will prove to be more like -$10,000 if my mail is any indication.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

This past 10 days is confirmation that the R/E course has well and truly had it’s day.

I am getting 25 emails a day… most are depressing………in big trouble, more,lots more to come. Over committed… can’t sell etc etc

Worse in December to come with the next interest rate rise & I suspect .5% . Canberra Mkt… dead…[Read more]

It just came across as if you might have.

No harm done. Peace?

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

If my email box is any sort of a guide..

(99) Sydney Units

(100) Melbourne Units

Or is it the other way ???

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

>>>>Phil gets his agreeable nature from me.<<<<<<

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

Wish I could give you a direct answer. I think your best bet is to ring the Acct your Dad is speaking with… or perhaps email him and ask the questions you are asking here… Make sense?

Keep in touch

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

There are a number mistakes, and as I see them…

(1) Don’t buy “off the plan”…. Anywhere!!!!!

(2) Don’t buy a unit in Sydney today.

(3) Tell her to leave her Mothers House alone

(4) Look for a bank with Integrity.

I am sure you mean well…. but the Sydney IP Market is looking a bit sick at the moment and it sounds to me…[Read more]

Geez and I thought I took risks!

You asked for “creative Financing”… bloody hell you need JC himself to pull this one off.

Time is not your problem… You appear to be biting off far more than you can chew Damian. There is no way that you can expect to make a lousy $30k on a $240k purchase… that’s just 10%. I would want at…[Read more]

You didn’t deserve that sort of a welcome. Are you having a bad day PeterM?

Hang around Kenshin there are a few helpful guys/gals on this Forum. We rarely agree so you are bound to get a range of ideas.

Have you considered setting up a trust? Then you are your own tenant, with a $480k mortgage. Obviously get legal advice…[Read more]

Whaddya think it means? R/E = -20%+ most areas.

Like I said in September, been over for months. When you can sell a BSS for $25k it’s gotta be over.”Fatboy” Paul is even getting emails today!!

Remember: that post in late September?

“Extraordinary Delusions & the Madness of Crowds”

Nothings changed since Tulip Mania,16th Century…[Read more]

Negotiable these days and you should be able to getit done 2 to 2.5%.

Luckyone… that would not be right. You will pay more of course on a dearer home.But unless the guy with the dearer home is a bad negotiator, the overall commission scale should be…[Read more]

Apologies, you must have the same colour Stars?

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages, Option Writing & Forex. billomara@iprimus.com.au

An Agent?

Won’t hold that against you as I was for 30 years.
You wouldn’t have got my services at 2% though.

Agree with all you’ve said for a “Good Agent” but we both know that more than half the Agents aren’t worth feeding are they?

If I get started you won’t stop me…so i’ll quit while I’m ahead… Do you want to see some…[Read more]

I’m not sure if the tribunal can give you the power to have the tenants salary garnisheed or not. I have taken a tenant to the small claims court on behalf of a client and received $x per week for 2 years paid by his employer directly to my Agency.

Check with Mel or the Tribunal to see if you have the power to garnishee…[Read more]

Canberra has a mind of it’s own and tends to go to extremes. I think that this well become less so in the years ahead.

I’m sure you know the units at Hawker… While you’re in the area drive past our first home
9 Goodparla St… $50k 1972. Just to make your day drive past Nevada, Pasedana & Arizona near the Watson shops… had a…[Read more]

Be very careful in buying property from any “Marketing Group”. I will even go so far as to suggest you avoid them completely.

They are a marketing machine with a lot of people to be paid and almost without exception you will be paying, maybe 20% more than the property is worth. If you must do biz with them, get your own…[Read more]