PropertyInvesting.com | Oldtimer | Activity https://www.propertyinvesting.com/members/oldtimer/activity/ Activity feed for Oldtimer. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 26a3babe2e3bbe975ff3031c50a14fc1 Oldtimer replied to the topic Wraps - networking with brokers in the forum Creative Investing https://www.propertyinvesting.com/topic/4377786-wraps-networking-with-brokers/#post-4500828 Wed, 05 Jan 2005 10:29:01 +0000 Mortgage Adviser there is no breach at all as I NEVER called. They called ME. The clients that is.

It goes like this. Broker gets approached by client. Client applies for finance on a house they are keen on. Broker can’t get them finance. Broker suggests they call me. They call. I buy house with loan from broker. I wrap house to client. Everybody…[Read more]

]]> da1946b05d0ad829c65e12cc1e1af090 Oldtimer replied to the topic Wraps - networking with brokers in the forum Creative Investing https://www.propertyinvesting.com/topic/4377786-wraps-networking-with-brokers/#post-4500825 Tue, 04 Jan 2005 15:09:58 +0000 I’ve had a couple of referrals like this. Also some from Real Estate agents who have had deals fall over because of finance problems.

The broker likes it as he gets another loan and the agent likes it as they get another house sold.

]]> b178121bf67e55ea17dda47e9af59826 Oldtimer replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/page/2/#post-4500023 Mon, 03 Jan 2005 02:02:03 +0000 Hi Julia,

I think the template Steve is referring to is a template of particular words like wrap, Steve etc. If you type any of these words in your posts then hey presto they are automatically underlined and up pops the advertising that Steve so chooses.

I guess you can’t blame him for plugging his wares wherever he can on his own site so the…[Read more]

]]> 8a12db210abb2aab40c6cd11b71af13f Oldtimer replied to the topic Vendor Finance Association Kaput? in the forum Creative Investing https://www.propertyinvesting.com/topic/4377608-vendor-finance-association-kaput/page/2/#post-4499503 Fri, 31 Dec 2004 14:33:24 +0000 Yes, Rick was there. I sat next to him and his wife.

]]> eb873c34df297720bfe5b546d19d1483 Oldtimer replied to the topic SMH Article on Wrapper in the forum No Subject https://www.propertyinvesting.com/topic/4377574-smh-article-on-wrapper/page/2/#post-4499303 Fri, 31 Dec 2004 14:28:40 +0000 This refers

http://www.creditcode.gov.au/display.asp?file=/content/hardship_threshold.htm

]]> 84ebe9a300eda085983ccd6fa704a49f Oldtimer replied to the topic How long did you take? in the forum General Property https://www.propertyinvesting.com/topic/4377683-how-long-did-you-take/#post-4500173 Fri, 31 Dec 2004 07:41:21 +0000 Hi Destined,

To answer your question I live in Sydney but I spend a fair bit of time in my place at Noosa.

I don’t post too much but I have followed your investing path Brenda. Well done. Your attitude and approach to investing really is exceptional. For what it is worth I think that in the current market your stance is also very…[Read more]

]]> 31e2fdad41c39f401eeeecd00fc2a167 Oldtimer replied to the topic How long did you take? in the forum General Property https://www.propertyinvesting.com/topic/4377683-how-long-did-you-take/#post-4500165 Fri, 31 Dec 2004 02:23:36 +0000 Good to see young people having a go. My story is not greatly exceptional as it has taken me quite a few years but here goes.

I started investing around 30 years ago in the early 70’s.

Finance was extremely hard to get in those days and a friendly bank manager was a necessity to get any sort of bank money. Unlike my peers at the time I save…[Read more]

]]> a4569f0a5b404a5e3c55e3ab79708545 Oldtimer replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/#post-4500009 Thu, 30 Dec 2004 13:15:33 +0000 I tend to agree with Julia & Myydral. I don’t like the auto underliner either.

]]> 3b6687489592aea14fc4b9cf33feb1a3 Oldtimer replied to the topic Re bond requirements for lease options in the forum Creative Investing https://www.propertyinvesting.com/topic/4377596-re-bond-requirements-for-lease-options/#post-4499423 Wed, 29 Dec 2004 15:10:33 +0000 Not to all lease options Rob, just the ones where the tenant would qualify for rent assistance.

]]> d1e30869eb78a675bacb3dee8678e46e Oldtimer replied to the topic Re bond requirements for lease options in the forum Creative Investing https://www.propertyinvesting.com/topic/4377596-re-bond-requirements-for-lease-options/#post-4499421 Wed, 29 Dec 2004 14:22:44 +0000 Where else Rob…our good ol’ government with your tax money.

http://www.familyassist.gov.au/internet/fao/fao1.nsf/content/payments-ra#1

]]> 29765202224dfea4727eb8ae3030528a Oldtimer replied to the topic WRAPS in the forum Creative Investing https://www.propertyinvesting.com/topic/4376920-wraps-11/#post-4495152 Wed, 29 Dec 2004 02:04:22 +0000 Yes Felicity I know where you are coming from and you are right.

My situation is a little different. I have been a real estate investor since around 1974 I think. Over the time since I think I’ve just about seen it all.

My income from investments is quite good these days so getting finance is no longer a problem for me.The cashflow is not as…[Read more]

]]> 1c9dc18db7e8d11c3e12afd6d718de22 Oldtimer replied to the topic Vendor Finance Association Kaput? in the forum Creative Investing https://www.propertyinvesting.com/topic/4377608-vendor-finance-association-kaput/#post-4499500 Wed, 29 Dec 2004 01:37:25 +0000 Robert, the wrap pack I have from Steve does not have a contract in it but it is his early one, circa 2001. It does have references as to what needs to be legally covered however.Lewis O’Brien was the applicable authority. I think Steves later one does but I’m not 100% sure. I would surmise it would only be good for Victoria anyway .

I was going…[Read more]

]]> 95a281adf240ffbeb42c193a1d64a478 Oldtimer replied to the topic WRAPS in the forum Creative Investing https://www.propertyinvesting.com/topic/4376920-wraps-11/#post-4495146 Tue, 28 Dec 2004 15:42:37 +0000 Quite frankly the wraps I’ve done over the last 3 years have not made me as much money as if I’d just kept them as rentals.

I’ve been refinanced out of around half of them which means they are worth a lot more than what I wrapped them for.

If I’d kept them as rentals I would have all that capital gain for myself. As for the other half, I reckon…[Read more]

]]> 6cb7b6a18f7781bd3b393814622ba170 Oldtimer replied to the topic Vendor Finance Association Kaput? in the forum Creative Investing https://www.propertyinvesting.com/topic/4377608-vendor-finance-association-kaput/#post-4499498 Tue, 28 Dec 2004 15:20:56 +0000 Robert, I think you will find that the caveat clause Michael refers to is standard in most wrap contracts.

Because specific conditions must be met before the removal is exercised not one of the solicitors who my purchasers have taken the contract to has queried it. Thats in over a few dozen wraps with many different solicitors. Guess there will…[Read more]

]]> 69a265de8034430ec887525732708cad Oldtimer replied to the topic Jenman - Is he for real? in the forum Opinionated! https://www.propertyinvesting.com/topic/4377609-jenman-is-he-for-real/#post-4499549 Tue, 28 Dec 2004 04:13:56 +0000 I think the media are just amazing. It was only a couple of years ago that ACA called Steve “Melbournes Housing Hero”.

Fast forward to now and what he was doing then has now become villainous.Go figure.

]]> 971c031b8bc1918c5a9b959c7539efc2 Oldtimer replied to the topic Mappers on Today Tonight in the forum No Subject https://www.propertyinvesting.com/topic/4377448-mappers-on-today-tonight/#post-4498304 Sat, 18 Dec 2004 00:20:58 +0000 Here it is.

http://seven.com.au/todaytonight/story/?id=17719

]]> 21054f0583d92e801b286d03decd06eb Oldtimer replied to the topic Gross +ve Cashflow in Book 2 in the forum Heads Up! https://www.propertyinvesting.com/topic/4376444-gross-ve-cashflow-in-book-2/#post-4492665 Sun, 17 Oct 2004 08:06:49 +0000 Yeah, I was wondering the same thing. If this is the way it is then the increased valuations and sales seem to account for the lions share of the “profit”.

As the cashflow is a gross amount the net amount would probably be somewhat reduced after removing what may be considerable expenses?

]]> 06838dca1750b23be0cd26166e712a4b Oldtimer replied to the topic Buy Property with your DIY Super Fund in the forum No Subject https://www.propertyinvesting.com/topic/4374593-buy-property-with-your-diy-super-fund/#post-4480050 Thu, 01 Jul 2004 14:16:32 +0000 Manoj,

From the info at the link you posted it appears you are the proprietor of site. Easy to see how you got your info there :)

]]> 07f2cf673c87213bb5493c7349e98f08 Oldtimer replied to the topic NSW Wrap Contract in the forum No Subject https://www.propertyinvesting.com/topic/4374483-nsw-wrap-contract/#post-4479431 Wed, 16 Jun 2004 13:45:07 +0000 Call Tony Cordato.
He does the lions share of the wrap contracts in NSW.

Cordato Partners 9290 2773

]]> 18e20c9b53369c55e181a4272f0fb25d Oldtimer replied to the topic MediaWatch report on Today Tonight and the MAP in the forum General Property https://www.propertyinvesting.com/topic/4372623-mediawatch-report-on-today-tonight-and-the-map/page/2/#post-4465823 Mon, 05 Apr 2004 13:50:19 +0000 Maybe the lesson is stay out of the media [biggrin]

]]> b03288deb9da0ab11cf9a733da38fcb3 Oldtimer replied to the topic MediaWatch report on Today Tonight and the MAP in the forum General Property https://www.propertyinvesting.com/topic/4372623-mediawatch-report-on-today-tonight-and-the-map/#post-4465820 Mon, 05 Apr 2004 13:39:49 +0000 I think the average Joe Blow watching TDT for the results will just perceive the whole thing very simply, ie

Did the MAP people make 1 million dollars out of the program in a year or did they not.

The controlling bit will all get lost in the wash imo.

]]> 6717e133f2bfe1a5d643a8f529d0cff9 Oldtimer replied to the topic MediaWatch report on Today Tonight and the MAP in the forum General Property https://www.propertyinvesting.com/topic/4372623-mediawatch-report-on-today-tonight-and-the-map/#post-4465808 Mon, 05 Apr 2004 12:44:45 +0000 Rugbyfan, I think you are right. Journalistic integrity and TDT would have to be an oxymoron though.

On another note it will be interesting to see how Rick Otton is portrayed on “Selling Success” tomorrow.

Being a Real Estate Guru is getting dangerous these days!

]]> 4cd038e308c7e0a0e2203e631e6a2fa3 Oldtimer replied to the topic MediaWatch report on Today Tonight and the MAP in the forum General Property https://www.propertyinvesting.com/topic/4372623-mediawatch-report-on-today-tonight-and-the-map/#post-4465804 Mon, 05 Apr 2004 12:14:45 +0000 I saw it. It didn’t show Steve or TDT in a very favourable light but par for the course with TDT & ACA type shows.

Controlling one million dollars worth of property is vastly different from owning one million dollars worth of property. This distinction seems to have been “spun” a bit.

From what I know of Steve he seems like a pretty legit type…[Read more]

]]> 40bc4ba48486e7a5c0c3224f06ca3ad3 Oldtimer replied to the topic Opening banks accounts ... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4370949-opening-banks-accounts/#post-4452446 Mon, 02 Feb 2004 12:42:33 +0000 Its not too hard to open an offshore account if that is what you are getting at. By offshore I mean you live in Australia but want an overseas account.

Try this http://www.standardchartered.com/je/banking/banking_apply.html

Its just one bank of many that offer these services and no, you do not have to go there but they will want to know exactly…[Read more]

]]> 63e67bd10aede6c9c35a3c23c5ca6fd9 Oldtimer replied to the topic Anyone got 10-20 yrs prop invest experience in the forum General Property https://www.propertyinvesting.com/topic/4370661-anyone-got-10-20-yrs-prop-invest-experience/#post-4449790 Wed, 21 Jan 2004 15:29:38 +0000 Bought my first investment in 1978. A unit buy and hold.
Back then you had to beg a bank manager to give you a loan. How things have changed.

I retired in 1998 and now live quite a nice lifestyle from my properties. I guess I’ve done most things. Renos,buy and holds,developments. I even have a few wraps which despite all the negativity you see…[Read more]

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