Ouch, you know how to hurt a guy. That was nasty W4L.
I married nasties like you (women). Three of them – not all a once ! And they all “got” me for just over one million each when I axe them.
Have I leant my lesson- no way, I’m on number four !!
For a valentines day present(to-day) I bought her a new HONDA lawn edger.
How lucky is…[Read more]

If you haven’t heard of Dale Gatherum-Goss you must have just popped out from under a cabbage.
He’s been around for years. He has a very large following.
Try the web site of Somersoft. Also past posts from this website.

Chan & Naylor are another team who specialise in wealth building.
They are big on trusts of all types,…[Read more]

That mentor you mentioned, maybe you should have consulted him before buying at Campbelltown.
Not the best of places to invest in at this time. Most of the western suburbs are suffering from interest rate increases. Meaning that
PPOR people are struggling to make home payments. Defaulters
coming out of the woodwork. Campbelltown is one…[Read more]

He was young and full of life.

I bumped into him on another website. Aussie Stock Forums.
I was only thinking of him a few weeks ago. He hasn’t posted there for a while.

I hope the moderators create a posting of a few of his
posts so the…[Read more]

That hindsight thing has followed me all over Australia.
Never had much foresight.
I look at all my missed opportunities, it makes me want to cry.
Missed opportunities were in West Aussie, Geraldton (couldn’t give the place away). Even Perth was dirt cheap.
Then there was South Aust. The Adelaide suburb of Elizabeth.
Plus Melbourne…[Read more]

As Donald Trump says, “no hard feelings, it’s just business.”
Same goes for you. You don’t have to love the bloke to do “business”.
Seeing you are each locked in to the same situation, you’ll both have to deal with it.
The situation might turn out to have a pleasant ending.

bruham.

Everything I own, is for sale.

Provided the price is right !!

This comment has stood me in good stead for years.
Tell him, before he makes an offer, if his offer is below your price, you’ll develop the property yourself.
This will put you in control. let him know that you’re easy to any situation.

bruham.

bruham.

I don’t really need to give you my opinion. You answered your own question. No lending body will touch it. That’s your answer, if they won’t get involved, neither should you.

I was badly burnt with serviced apartments. They are over priced. You’re paying your own rent for three years.
That’s the time frame for the financial side of…[Read more]

Yes, “BNB” is a volitile share.I love that.
To-day BNB jumped 54 cents. And as I’ve done before,on the first ten cents plus fall I’ll sell.

Then when I think they bottomed I’ll buy them back. This is my way of trading shares.
I’ve bought and sold BNB a number of times.

Thirty thousand shares by 54 cents gives a gross profit of…[Read more]

I hate to tell you all. but you’re all wrong. (Actually I do like telling you !!).

On the sixth of july 2005, I bought a large parcel of “bnb” shares.
Cost $14.75 per share.
Today they are trading at $24.90 a share.
My parcel totalled 30,000 shares.
Cost $442,500.00. Forgeting overheads.
IF, IF, IF i sell today they are worth…[Read more]

TJ, no my thoughts were that the sheep are all heading to WA buying up investment properties, they seem to think that the mineral boom will last for ever.

In fact it’s starting to turn around now. Copper prices have fallen from their high of $us8,000 a ton to $us7,000 a ton.
The yanks in 1960 accounted for 31% of copper production in the…[Read more]

Whenever someone continually uses your name over and over, they are sharks.
This bloke keeps telling “us” that he is a REAL ESTATE…[Read more]

How the bloody hell can Perth be the fifth dearest city in the WORLD? It just can’t keep going like that.
Think of some REAL cities of the world, and imagine comparing them to Perth. Perth is just not in the race !
I think I’m going mental thinking about it all the time.
So I won’t, it’s all forgotten.
Hell ,how can it be so expensive…[Read more]

My goodness the king of the “Property Investing forum” takes time out to make a comment on the old fart bruham’s posting. Allah be praised.
I felt a bit giddy for a moment- hope it wasn’t my life flashing by me.
ALL the EXCITEMENT of having a DAZZLING’S comment.

G’day Dazzling,

As a ex. Sandgroper, even an ex Geraldton boy, ex.…[Read more]

Actually it isn’t a dual occ. block of dirt, but two full blocks of land.
The people who sold to me hated neighbours, so they bought two blocks side by side twenty something years back. Then built their dream home right in the middle of the blocks.

These blocks can both be dual occ’s. Four lovely houses will be built on them.
This…[Read more]

The Investors Club uses this system. Hold ten properties, refinancing one property each year. Using your equity to live in your required life style . By the time you have reached no. 10, you just do it all over again.
Michael Yardney of Metropole does the…[Read more]

I’m history, I live on the coast.
You hear things and read some stupid articals and you start believing them.
I have a problem with medical deseases. If I don’t know a name of a desease, them I’m safe and can’t catch it.

As for that superman movie, it was on foxtel last night.

bruham.

I’m involved in two of B&B listings.
They sent me the paperwork the other day. No brokerage costs involved with my offer.
B&B believe that it will be fully subscribed through current share holders.
Minimum of five thousand shares at one dollar a share.
B&B must think that residential property is going the way of New York property,…[Read more]

I believe every word of your post. People are telling me stories of near forced sales due to no growth in the market. negative gearing
sucks if you have your hand continuously in your own pocket covering negative gearing costs. No capital growth. Just capital loss.
One fellow sold at a loss of eighty thousand dollars just so he…[Read more]

In 1999, I did as you suggested, bought one bedroom units. BLOODY DISASTER!!! There are so many one bedders around that they’ll never grow in valuation. Pyrmont is chocked with one bedders and studio apts.

You said close to the city. I hate your description of “close” Paramatta is over an hours drive a light traffic.
Balmain and…[Read more]

I must be doing some thing right! Going against the “herd”.
I ‘m in search of two dual – occ sites. Must be exactly to my requirements.
As more people abandon property for shares, I must be doing “good”!!
When I charged around the property scene in 1999, I bought anything I could lay my hands on. A BLOODY DISASTER!!!
A FOOL AND HIS…[Read more]

I used the software once It’s that complicated, that I’ve only used it one time.
The bastard must have deliberatey done this to show how cleaver he thinks he is.

One time was enough. Never again. I threw it in my junk draw.

NEVER WOULD I RECOMMEND THIS SOFTWARE TO ANYONE.

There are easier,quicker programmes out there.And cheaper.

bruham.

affordability is the name of the game.

Having read a recent post from “wealth4life” my beliefs are simular.
I own one dual occ. I believe it’s in a top location.

When I first started out investing, I bought one bedroom units. Plus a serviced apartment. All of them were a complete waste of time.
Houses in top locations only…[Read more]

Just read my share news about Australian Gas Light Co. ( I hold AGL shares).
They joined forces with CS Energy of Qld.
Together they’ll up grade the Mica power station in the Mount Isa area. The cost is between $150 – $200 million dollars.
Due for completion in 2010.

Might have to have a look at Townsville and surrounding…[Read more]

You say, being a snob about where to buy property, while missing other opportunities. I would rather buy one property in Manly on the beach than one hundred properties else where.
Quality before quanity every time.

Worst mistate. Buying a serviced hotel apt when first starting out.
6.5% net return for two years, then down to…[Read more]

It’s good to have lots of passion.
You’ll need every bit of as you get older.
Keep it going.

Yes I have “good” debts (lots) and one “bad” debt.
The bad debt is a continuing debt. As soon as I pay it off ,I borrow it again. It’s limit is fifteen thousand dollars. It’s used for my home renovations.
This way my house is always…[Read more]

Wow, Moosehead. Talk about a young bull in a china shop.
Slow down. Take off the boxing gloves.
Mate, you come on strong.
Now, first to the banks. The mortgage is owned by the bank until the last dollar and cent have been paid.

The banks name appears on the first page of your mortgage. In my case my name (trust) does not. So they’re…[Read more]

What you said Foundation, is spot on.
I have always believed that there is no such thing as GOOD DEBT.
All debt is bad. Yes you can work a rort on your tax return.

But over all, you would be better off collecting full rent from your rentals,paying no bank interest (Oh GOD! how wonderful). Then paying some taxation.

At least with our…[Read more]

You can claim depreciation (not 4%) on any property investment.
That’s no big deal.
Four percent when you’re down the toilet for thousands of dollars, doesn’t make sense to me !!!

If you notice that most of these hotel rooms are run by the big business end of town.
(Proberly not in your back water of a country town. Which means even more…[Read more]

Thank you for all your replys. I’ve just down- loaded your replys and will give it to him on my next sighting.

You made more sense than me showing him how my structure worked.

Having professionals explain it and seeking their advise is always the best option.

Again many thanks.
bruham.

The last thing on earth to invest in are “serviced apts”.
They (management) increase the unit’s price to cover the rent.
So YOU are actually paying your own rent !!!
It takes years for the equity to grow to the purchase price.
Very hard to sell as only investors seeking a decent return are interested in buying.
Banks treat them as a…[Read more]

It’s like waiting on the phone for you to have your say on talk-back radio, only to be cut off after you’ve had a five second conversation.

Two cars, one Ford laser year 1995.
Second car Ford falcon year 2000, ex. police car and ex. taxi.
Love that LPG.
Half the cost of petrol.

bruham.

bruham.

Because people believe what they read. It must be right!
So anticipating the crunch, I sold the lot.

On the slow down I bought at North Curl Curl, on…[Read more]

bruham.

bruham.

You would have to be very careful asking a friend, unless that friend owns property in the area that you are searching.

The other option is to pay for your information from the likes of RP.Data or Residex.

Or you could have a professinal do the…[Read more]

The next question is, will falling prices spread to smaller towns around Qld and NSW?

I just knew that three bedroom house in Broken Hill at $12,000 was over priced.…[Read more]

bruham.