Shaun Walker. Everyone else please ignore post.

Me too! Me too! I noticed 8 people had read it already, and as I just click next post, I was bound to read it anyway, so now I’ll add to it.

Hi Phil, Hi Westan – Shaun, hurry up and read the post!

Cheers
Mel

Easily that many. I looked back in to see what you had written.[]

LuckyPhil should pop in (or Shaun if he gets round to it) and tell us off for reading his message, and now that you’ve started replying, and I followed suit, there may be some other people post some kind words too![][]

Cheers
Mel

Bill, I can’t believe you of all people have jumped in on this post. I rated you so much more highly than that[]. And I don’t care about your excuses that you may be related to LuckyPhil and have had some secret dealings with Shaun – it’s just not on!![] LOL

Hi Westan, apology accepted but not necessary (although LuckyPhil does look after me well[])

I sort of ‘fell’ into the property game when I was 19, and my grandparents were splitting (after 51 years – unbelievable, but I digress). Grandma was in a nursing home, and I didn’t want them to have to sell their little townhouse, so I asked if I could buy Grandad’s share. At about the same time I attended a seminar where Jan Somers presented, and got two tier marketed by the company that brought her to Canberra.

As a result of negative equity, and complete lack of knowledge, it took me another 5 years til I was talking to a bank manager who told me that I could easily borrow another couple of hundred thousand. So I told him ‘I’ll be back’ and managed to buy a townhouse after auction (deceased estate) for $25K under val (in 1999).

Since then I’ve got smarter (although I’ve learnt some really expensive lessons), and spent a lot of money on education – and read just about every book I can find (I hate going into Dymocks cos I always spend money).

I don’t like to sell if I can help it, but we’ve sold some properties that we bought off the plan (and listened to dodgy brokers, and had bad solicitors) and were really badly finished, and because of things that had happened, tied up ALL and MORE of our cash. So we had them tidied up, and managed to sell some of them for a small profit, but with the equity we got back, we paid off the friends that had lent us the money to get us out of the massive crater we found ourselves in.

At the moment I’m ‘consolidating’ and getting all props revalued, and borrowing up to 80% on as many as the banks will let me, and then holding that cash in a LOC. This will help to cover any expenses (we’re now negatively geared thanks to recent purchases that were expensive, have had awesome growth, but poor rentals), and also enable us to jump back in when prices are better.

I own mostly in Canberra, except for my two tier marketed QLD property (which I kept, and is now worth as much as we paid for it – 10 years on!).

I was interested in NZ two years ago, but never made it across there, so I’m not sure if that opportunity has passed me by. The main strategy now is to buy cashflow positive properties, so that I don’t have to work, but again, that may have to be put on hold for a couple of years until rents start to catch up with the values again.

That’s pretty much my story, without going into TOO many gory details.[]

Cheers
Mel

Okay, okay
It appears the nuns were right, I just couldn’t ignore this post []
And Mel please go on with the story….

Sue []

“Be careful not to step on the flowers when you’re reaching for the stars”

Yep, sure do LuckyPhil.

My Dad is doing some work in the AFP’s property office at the moment – that’s where all the lost/stolen property ends up. He’s found some amazing stuff there.

He said a couple of days ago that all the rocks and other stuff (flying implements and things) that they collected to do with that inquiry were still in the office – it’s really quite sad.

A female (couldn’t say lady about this one!) that I worked with at the time was in a boat on the lake, and they had to jump into the water to get out of the way of some of the debris.

Thanks for the encouragement Sue, but I’m afraid my early life was fairly unexciting, except that I didn’t listen to my parents, and got sunburnt (very fair skin) and got blisters, and then got sunburnt on the blisters, and poor Mum got in so much strife from the Dr for not keeping me out of the sun, and I’ve got the freckles to show for it!! I also managed to knock myself unconscious a couple of times (one time Mum reckoned I stood on the back of a cane chair, and pulled the iron onto my head, but I don’t believe her – I am MUCH too intelligent to do that[]), and another time I rode my BMX (did I mention i was a tomboy?) down a curb whilst holding a tennsi ball, so not a very good grip. I think I whacked my head on the kerb (HOW do you spell it?). About 7 hours waiting at the hospital – my poor folks, at least I slept through it!

Hmmm, so much for not going into my life story[}]

Cheers
Mel

Muppet, I thought your cricketers were called the Black Caps (?). You are talking about them beating India for a chance to play Australia in the finals aren’t you?[]

Oh, I think you might mean the Rugby team.[]

It’s not my fault, it was like that when I got here!

Hey Phil, 94 reads, and still no sign of Shaun!![^]

Cheers
Mel