[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

February 5, 2006 - 1:13 pm

Great post HB.

A diamond is only a piece of coal that has been under pressure for a long time as the saying goes…

I wouldn’t mind attending one of those auctions where there is only the auctioneer , the bank and you.. Was there any phantom bidding [biggrin]… Are you talking about 1990 ?

Shawn

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January 23, 2006 - 11:35 am

Has anyone attended any of Peters talks or met the guy //

One of the best books I have read…

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

January 23, 2006 - 11:26 am

Thanks Richard

I,m talking a lot more than 100 acres and I did in fact source my finance through a local broker for the purchase . This was the first time I had worked through a broker and i was very happy with the service and all that……

However , because I have most of my finance with the NAB already I suspect they have me by the short and curlys
[ohno] up to a point .

Maybe I should be looking to sell and take my profits…. [worried]

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

January 22, 2006 - 5:47 am

Thanks Sampson

Not sure how it cost you 5k to go to a broker. I thought lenders generally absorbed commisions to brokers…

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

December 4, 2005 - 2:05 pm

Robo , So there is nothing wrong with the Australian cladding products as such ? Compared to the Canadian products ?

I will get the measurements again and send them to you to see how how good the quote is .

Shawn

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December 1, 2005 - 12:18 pm

Some of the cladding from years ago such as the immitation brick stuff I always thought was awful.
From what I looked at today some of the colours and styles are really snappy .

Thanks Robo.

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November 22, 2005 - 1:37 am

My heritage is a bit twisty and the tree goes back to France during the revolution . The family name owned and ran the guillotine business and apparently they were very well respected [biggrin]

One relative came out and fought in the Maori wars then settled with a Maori wife in Taranaki NZ. Then a couple of generations later I had a pommy grandfather ( post war immigrant)

The wife is pure Dutch heritage and we have three little aussies and tonight we take them all to Milo cricket [wreck] . As good as it gets [biggrin]

Proud to be Australian.

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

November 3, 2005 - 12:31 pm

Hmmm some good ideas there.

I love cleaning and picking up and disposing of all the rubbish. I find the satisfaction factor is high . I once bought a place where the gutters were full of grass 10 inches high and the house fully covered in grime and crap. Once we had pressure cleaned the place I had people asking me if we had painted! What a difference![winking]

Cost bugger all but not really free I know.

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

November 1, 2005 - 10:14 am

How come you were able to take out the garden for free?

Do you mean that your time is not worth anything ?

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

October 27, 2005 - 10:42 pm

Where would you invest: I would finance rural/commercial property in my local area ( south west vic) In finding a good deal I would be looking for bad management and lots of problems. I would expect to have a valuation of about double what i’d paid in 12 months.

Now I know this is not very glamorous to you poshy swanky types , but hey , it’s worked for me and if the formula is working why change the formula ?

No doubt at all you can do better than this with sophisticated share investing IF you know what you are doing .

What return would you guess: 100% cash on cash .

Shawn

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October 27, 2005 - 5:04 am

What about the movie ‘Ghost’ and the scene with the potters wheel. Ahhhh was a good movie []

[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

October 27, 2005 - 1:00 am

I,m a dairy farmer in the deep southwest of Victoria and up to my eye balls in it. I have done ok .

One farm milks around 5oo cows and another milks 180 cows. The industry is ok at the moment and possibly a good time to sell up maybe. I have a heaP of machinery and around 1100 acres of good dairy land plus all the stock to sell but not really sure.. Love the outdoor life and just the fact that I can go outside for a pee on the ground and no one can see me…

We are busy ploughing for brasicca crops at present and about to start making a heap of silage. Love the talk about land content on the forum..

Have a handful of modest residential properties around our local residential centre and my wife has taken over most of the people stuff.

Although I have never been overseas much except back and forth to NZ about 50 times I reckon being Australian is the most under rated thing going. I mean , where else would you whant to live??

Hows that ? Got my forum fix for the day and time to go and do some thing.

Shawn

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October 19, 2005 - 10:13 am

Great post g7. I tend to agree with you and I would like to add as an example that comes to mind of poorer people with ‘that’ attitude .

People of the older sheep stations who have hardly a spare brass raazoo to rub together these days and who have lost a lot of their wealth in real terms . I don’t know. I think it is just the way some folk are brought up with those old values and old money ideas. They are not all like that of course but a lot are IMO.

I like the line: that far gone it’s unbelievable. I know what you mean.

Shawn

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October 12, 2005 - 5:41 am

I have met agents who will look you in the eye and tell you blatant lies and expect you to believe it. There are lies , lies and ‘Damn Lies’!!

As one of steves tips goes……you can sell your integrity but never buy it.

Some things are more important than money.

Shawn

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October 11, 2005 - 8:06 pm

Interesting article on the ABC Foreign Correspondent last night on property investment in Moscow. What an eye opener!! Having title to property means nothing if someone else wants it. Corruption is rife and justice at the end of a gun!! We have absolutely no idea. No idea at all.

It would be a brave person indeed who invested there. Being an Australian is such an under rated thing I feel. Can not remember the last time I had my life threatened!!!!!! []

Shawn

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October 9, 2005 - 10:22 am

I have just read ‘Reno Kings , Real property Real People , Unreal profits’

I think it is another good entry level book and easy to follow. I stumbled across investing books almost by accident years ago when I was given Noel Whittakers first book ‘Making Money Made Simple’. Somewhere in that book he mentions the Idea of having a success library of your own and I suppose that is what I have now.

Shawn

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October 3, 2005 - 2:25 am

Here is another one that happened to me a few years back and with a happy ending.

Project was to build a nice picket fence out the front of my old PPOR in Warrnambool (now IP ) .

Had to have the site prepared and all that with a bobcat so called the dial before you dig folks and the guy turned up with his gadget and marked the ground with paint where the gas line would be.All very well.

That was fine. I could get on with my fence project and started putting the posts in ..oooops
nicked the gas pipe with my spade in the bottom of a post hole… There was gas coming out every where.( paint marks on ground 2 metres away..go figure ). Just as it happens there is a large flash motel next door and the day this happened it was race day, the grand annual steeplechase which is big time for the town. People everywhere and all dressed up ready to drink plonk and go and do their dough …

So what did I do? I went inside and made a cup of tea and got the phone book out. I was about to ring someone when my friendly bobcat man pulled up out the front on his way home for lunch to see how I was going. Obviously the pipe needed fixing and he knew the local TXU workers and they came around and put a joiner in and bobs your uncle.

I’d say gas would have been going out for over half an hour. Could smell it a block away. Not much wind at the time.

Didn’t cost us anything as the gas blokes could see for themselves the spray paint mark on the ground was way off. Motel people were not impressed!

So thats my story

Shawn

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October 2, 2005 - 5:14 am

Near disaster Story

Had a case with a newly let property and the tenants got a couple of nasty electric shocks off the taps !!

It was a faulty earth as it turned out.

Tip

Keep an eye out for the earth peg and ajacent plumming.

Shawn

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September 29, 2005 - 9:56 am

Hi Hiri

I was in Opotiki about 30 odd years ago on holiday with my folks but the only thing I remember was the huge stingray my dad caught in the surf with his rod and when he finally landed it I dispatched it with a heavy piece of drift wood !!

PM Minimogul , She knows the area

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September 29, 2005 - 9:38 am

Thanks Stephen

Good point on the dual occupancy thing.
I think it’s a good way to pick up some more cashflow providing you can get approval.