G’day Guys n Gals…

Thanks for your comments.

A link of interest…Facts & Figures.
http://www.infochoice.com.au/banking/news/04/06/article11841.asp

Those that know the “Real Bill”, would consider me to be enthusiastic and positive…. even about Real Estate….. but at the right time and place. Yeah, ok, a few other things too.

Impossible to…[Read more]

Hi Misty 1….

Yes ! All costs in the persuit of income are tax deductible…. don’t forget all the councilfees etc

Billfromoz

G’day re lack of activity….

For what it’s worth … my brother runs a training program in the Sharemarket at a modest price…. March has been his worst onth on record.

Just a one off wonder? … I don’t think so!

He wrote nearly $200k in biz 3 monhs ago..then $100k… then $79k and March to date $13k?????

The Share market did not follow…[Read more]

G’day again…

I could not pass up the opportunity to comment on Docklands…. however why not ask Richmond to post all my warnings and emails to him off forum.

Folks the tremors and Scams at Docklands started back in October/November. ACA were not interested then… now 3 emails and telephone calls a day… what a difference a few months and…[Read more]

G’day again…

The US and GB are leading the way for a Bust , not only in Real Estate but you can now add the Stock Market to the list. Bank Shares will tumble as the R/E Mkt tumles along with the Dow Jones.

There are other opportunities to be had…. time to think outside the square. Yes I did predict the Dow Jones to break through the 10,000…[Read more]

G’day again…

A few months ago I offered to mentor/help people with
Investment issues etc.

Why did I make the offer? Because I have the experience to do so and it may make a difference in thier life…which makes me feel good…. so at the end of the day I do it for me, even if they may have benefited.

Perception ? People on this Forum and…[Read more]

Hi Celivia….long time no G’day….

An experndure incurred in the pursuit of income is tax deductible.

If you got 2 reports and walked away…. then another report on a third property that you ended up purchasng I feel sure that you can claim all three…. remember that all costs in the persuit of income is tax deductible.

I believe you have…[Read more]

G’day….

To get ahead with your finances you only have to do two things.

(1) Buy and read/study …”The Richest Man in Babylon”.

(2) Pay yourself first. If, for example your take home pay is just $600 pw then Bank in a special account 10-15%..$60/$90 each week. My kids have a “Don’t touch account”. It Works!

No excuses …. arrange it…[Read more]

Hi
Seriously…. I am stating what to me is the obvious.
I have seen properties that sold recently in Sydney and Brisbane that I feel will not fall in value… rents are good and maybe just a 5% CG.

But I refer to the majority… they are spending too many after tax dollars on property and using the
“lotto size gains” over the past 7 yrears to…[Read more]

G’day ….

The economists making “sweeping statements” remind me of some of my earlier comments. Blue Ribbon Real Estate should hold it’s own but with much slower growth.

As most of the market is overpriced, in peoples ability to service(particularly the majority of investors) their mortgages given another 1 or 2% rate rise. Then the Domino…[Read more]

Mini…

The only reason I hate the term “due dilligence” is because it’s Steve’s term. I have always referred too it as either… doing your sums…doing your homework…educating yourself… checking it out etc

The majority of the Forum don’t even have a mind of their own. To see people constantly using “Steve’s words”….like “due dilligence”…[Read more]

G’day to all at the Forum….

I know if your reading this you’ve had a gutful, but as I have said “I am not the ripp off merchant some would have you believe”. I write this, acknowledging that I cannot change a mind made up..irrespective of the truth.

The gentleman who sent out the email asked my permission before doing so…I had no…[Read more]

Steve… I gladly accept your right of reply….

I just spent 30 minutes in doing so….typo in my password…and lost it all.

Will re do another time soon…as it is time the Forum has all the facts and they are not what is being portrayed.

Bill

Bill O’Mara

Hi guys…

You have missed my point!

I am not writing options on behalf of anyone on the Forum.

I do not do biz with anyone until we have met and get to know one another, if we are like minded then maybe.

As for R/E… I have never said “sell up” but warned others that buying IP’s now is a certain loser.
Just be patient and…[Read more]

Mini & Westan and a handful of other novices….

You are sadly mistaken. A forumite cotacted you Westan for a second opinion on Option Writing…. what would you know? In any case the prson concerned dismissed your comments as uninformed and lacking in any real Knowledge.

I am fussy who I do business with and Don’t do business with anyone I have…[Read more]

Hi Mini…

There was no need to mention the properties you have sourced are in NZ. With those yields they have to be in a Country tht will show negative growth and what happens when the 25% decine comes into play.

I hope you have a concious… what then”? Suva?

NZ will prove to be worse than Country towns in Aussie.

I also note that Westan is…[Read more]

Hi Kay and Bec…

Forumites don’t like Authentic people/views/experience
unless it’s what they want to hear.

Cheers

Bill

Bill O’Mara

Apologies..

4th para above should read early 1987 not ’97.

Bill
ps. No edit???

G’day once more…

It never ceases to amaze me that people “into” Property think that this time it may be different.

Pigs might fly…

A little story on the Share Mkt,will give you an indication that you can compare to the latest Real Estate Boom. 1986 the “smart” money got out of the Share Mkt.. and placed funds into Cash Mngt.

By early 1997…[Read more]

G’day Steve…

I will put in my 2 Bob’s worth at the weekend. Just about to leave town for a couple of days.

Cheers for now

Bill

Bill O’Mara