Total Members: 158,541

Pursefattener

  • Pursefattener replied to the topic Breaking News: Farmland is the Green Gold of 2012 in the forum Commercial Property 11 years, 10 months ago

    I have invested in a fair bit of farm land over the years and although it has been a good investment I have done better with other investments .

    Values for good dairy farms in my area have dropped a good 30percent since 2008 .

    Last month I settled on another farm with a per acre price of 3600 . Three years ago this could have realistically sold…[Read more]

  • Pursefattener replied to the topic robert kiyosaki in the forum Opinionated! 15 years, 11 months ago

    Yeah . Who took my money is a great read . I've read it a couple of times . It came out in 2002 I think but is still very relevant IMHO . Any one read his latest book ? Raise your financial IQ or something ?? A lot of my books I have bought second hand on e bay for a fraction of retail price . Also shop at second hand bookshops and sometimes get…[Read more]

  • Pursefattener replied to the topic Investing in Texas US of A in the forum Overseas Deals 16 years, 6 months ago

    Well said Hux .Nigel or whoever you are , you didn't need to write that . When I first joined the forum years ago Weston was very active and helped a lot of people . Why should anyone do business through you if you are prepared to ………….forget it .A waste of time .

  • Pursefattener replied to the topic Investing in Texas US of A in the forum Overseas Deals 16 years, 6 months ago

    Hi NigelWhat has happened to Weston ? Is he still active in the market over there ? I used to enjoy his contributions to the forum .Shawn

  • Pursefattener replied to the topic Been a while in the forum Forum Frolic 16 years, 7 months ago

    Sadly , not Weston 

  • Pursefattener replied to the topic Been a while in the forum Forum Frolic 16 years, 8 months ago

    Welcome back Sooshie . You are well remembered………..The old names are all but gone eh ? I often wonder what happened to Weston . He used to write some good posts .Shawn

  • Pursefattener replied to the topic Regional Victoria, Who’s making money? in the forum General Property 16 years, 8 months ago

    Hello AndyI've been investing in regional Victoria for quite a few years . I have only invested in the towns within my own region just because I find it convenient since I am tied down so much with my business , family commitments etc .Towns I have property investments in are Warrnambool , Camperdown and Mortlake as well as farmland in the area .…[Read more]

  • Pursefattener replied to the topic Rural Property in Tasmania in the forum Creative Investing 16 years, 8 months ago

    Sharif , it took about a year , but …. we were coming out of the recession that we had to have . This was 1991 . Back when the earth was cooling !I have friends and colleague's who have bought lots of 200 -300 acres a few years back and just leased them to farmers on a blog standard 3 by 3 sort of lease . In some of these cases the leasees have…[Read more]

  • Pursefattener replied to the topic Rural Property in Tasmania in the forum Hi Sharif

    I don’t know much 16 years, 8 months ago

    Hi SharifI don't know much about Tassie but I have seen large areas of Western Vic near where i live go into trees in recent times . A lot of it has gone in is basically macquarie bank owned by subsidiary companies . They sell the units off  to willing investors and make a killing in the process  .I own two dairy farms and have never invested in…[Read more]

  • Pursefattener replied to the topic to do or not to do? in the forum Help Needed! 17 years, 1 month ago

    The trouble with putting the rent up for older tenants ie pensioners is that they may not be able to pay the increase . I have looked at units in a town nearby where the good steady long term tenant on the pension with no other income just could not afford a rental increase .  I don't see this senario producing a positive cashflow outcome….How…[Read more]

  • Pursefattener replied to the topic Rough areas in the forum General Property 17 years, 1 month ago

    Some areas i have looked at such as parts of Rotorua and wanganui in NZ property managers don't want to know about .Also in the US according to Westan there are large areas that property managers wouldn't go even with an armed escort !

  • Pursefattener replied to the topic asking excesively high prices in the forum Opinionated! 17 years, 1 month ago

    Yes I know what you mean . We have a local agent who has had his own home listed and advertised most every week for the last ten years there abouts . He keeps coming up with different blurbs to run with it . It makes me wonder how he keeps coming up with them . How some people can write so much BS for so long astounds me .Last night i watched…[Read more]

  • Yeah It's a bit different isn't it ? I'd Suggest going to a bookshop and buying  "How investing in Commercial Property Really Works" . Read it a couple of times and see if it's for you….

  • yeah that's right .  There are different things to be aware of . If you were serious about it then go to a bookshop and buy  'How Investing in Cmmercial Property Really Works" . Read it a couple of times and see if it's for you ….

  • Pursefattener replied to the topic Latest property report in the forum Heads Up! 17 years, 1 month ago

    Hi again MarcYep I have read some of his books .Love the way he names names with out hesitating ….no fear…. Just gives it to you like it is .I don't much like Jenman though . I reckon he has his hands on it !

  • Hi JamieWhy are you looking at apartments in Auckland ? I have an Uncle who owns three realestate agencys there , one in Titirangi and two in nearby suburbs and they are selling apartments from time to time . They invest in plenty of property but not apartments FWIWWith the capital that you have why don't you look at a commercial property ? Should…[Read more]

  • Pursefattener replied to the topic infringement for ‘destroying’ a tree in the forum Legal & Accounting 17 years, 1 month ago

    Hi NatsI've had issues with something similar before . It  was a widening of a driveway entrance to an industrial block  and some small trees were removed to allow this . To offset this I was required to put in shelter belts along my boundary . Seemed a fair compromise to me . Is it possible for you to do something similar ? One thing is for s…[Read more]

  • Pursefattener replied to the topic Starting out in the forum Help Needed! 17 years, 1 month ago

    GriffOGood for you ..Could you tell us how you have managed to save 68k  at such a young age ? You would be in a far better position than most young folk I know . Your folks have done a good job on you

  • Pursefattener replied to the topic Commercial Property Education in the forum Heads Up! 17 years, 1 month ago

    Hello GGreat link . I havn't done any seminars or courses on investing though I do read a lot . The best education is to get in and have a go at something I reckon . I have an Industrial warehouse in a vic regional town and a vacant industrial block at the moment as well as two businesses keeping me busy and I havn't had a mentor to bounce ideas…[Read more]

  • Pursefattener replied to the topic Old Forumites in the forum Help Needed! 17 years, 1 month ago

    I remember about three years ago there were several forumites that were heavy contributors with heaps of knowledge and quality posts and then it was like one day they decided that they had had enough……Terryw is the exception of course but then his profession keeps him here aye..

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