I’ve gone the other way – I’ve sold three of the four properties. I’ve only kept the dual occ. property. I’ve given property a miss for awhile.
I’m now share trading. If I keep going as I’m doing at the moment I could chuck taxis and my job. Not that I am going to do that, but every morning I think about it.(It’s easy to make money on a rising share market).
The taxis are doing well( I now own four).My next step is to lease six plates, employ a mechanic and the book keeper, lease a industrial property and set up a business. My input would be to do nothing, but oversee all and fill the breech if there’s a need to.Mechanical or driving. When not doing that I would be messing around with the shares.
Not owing the bank over one million dollars is a nice feeling!!!!!!

bbruham.[biggrin][biggrin][biggrin]

winners make it happen.
losers let it happen.

The more times they forecast, the more chances of eventually getting it right!!!!
“They” say even a stopped clock gets the time right twice a day.

bbruham.
winners make it happen.
losers let it happen.

It all sounds like sh*t to me!! BIS Shrapnel, a few years ago fore cast a depression!!!!!
The whole property market was going to collapes.
I also don’t believe Residex either. I listern to John Edwards every Sunday on 2ue radio.Out come these wonderful figures. Yes you get $$$$ for your home etc.
There’s only one way to value a property, put it on the market.
Every odd day people tell me how much their property is worth. They add thousands every couple of months.
In the other post (Cringe, location location) the old couple thought the sky was the limit for their house. Everyone has a limit.
My way of valuing a property is to search the estate agents windows, making a few offers after the inspections.
Buying houses is so easy and enjoyable.
The hard bit is having the sellers accepting your price.

bbruham.

If you’re a bankrupt you don’t have too pay anything back. That’s the beauty of being a bankrupt!!!!!!
Never been there myself, but you never know!!!!!!

bbruham

winners make it happen.
losers let it happen.

G’day residentialwealth,
In my opinion, never, never invest in home units. Cheaper to purchase and easier to maintain. But those bloody strata levies, they average out at about two thousand dollars a year.
The laws are changing to allow tenants to have pets.
Nothing you can do to stop this.Just another pain in the bum!!
bbruham[V]

Winners make it happen.
Losers let it happen.

G’day all,
I loved S.McK’s comment “no tire kickers”. For a thousand dollars you would have too be a rich tire kicker.
I’m mean and miserable, I wouldn’t spend that amount of money on any seminar.

bbruham.
When will I earn, as much as I spend?

G’day Kay Henry,
Australia’s greatest entertainer!
To see this man in action is like the second coming.
I’ve been twice to see him in all his glory. Prancing
up and down the stage.Brilliant!!
Henry Kay will live with-in me till the day I die.
You just have to keep your hands in your pockets.And of cause don’t believe a word he says.
My tickets were for free.

bbruham.[8]

Hello Rich (mond) and Mini.
I was becoming a little addicted to this website.
So when the FLICK came,which supprised me, I was at a loss for awhile. I went and annoyed the Yanks. they’re too thick to insult. I also tried the Kiwis, no fun there.They are just too serious.
Mellowed Rich, yes my court case is getting closer.
I’m being sued for four hundred thousand dollars. Never
trust anyone,especially family.My bloody mother-in-law. I also made a mistake of telling her that I had a bullet with her name on it. Another court case there.
This the third time some one has sued me. The others were not related.I won the other two cases.Fun,fun,fun.Not just a boring old fart!!!
Mini, I would love to buy property in N.Z. but…. I
can’t go there to have a look.
I’m not allowed out of Australia.No passport.I owe the tax dept a couple of dollars.I’m paying them back very slowly, at five dollars a week. Let them wait. So no passport until I “do the right thing”.I owned a couple of business once and I creamed too much off the top, leaving very little for tax.Sprung!
Anyway, back to property.One of my taxi passengers had bought in the North Island, a place called Whangarei.She said the place is going to be big. Pronounced Whangarei if you’re white,”Fong-er-ray” if you some other colour.
Careful…
You learn so much when you drive taxis.
So there you are Mini.Question,how does ONE buy property over there without ONE seeing it?
YOU DON’T!!!

Seen on a back of a Sydney bus.
“When will I earn as much as I spend”.
Bruce G.
bbruham .
The old fart.
(what ever).[][][]

G’day Yack,
A year ago I said the same as you,except my perfect location was Sydney-Northern Beaches.I went on to say
why have one dozen (or even two dozen) properties costing you twelve (twenty-four) times the overheads of
a person who has four Sydney properties(me).
Sydney/Melbourne properties growth are KILLING all those country towns.
I borrowed just over one million dollars in 1999, bought four properties, over two years.Today they’re worth just under three milliom dollars.
There’s only so much coastline.GOD ISN’T MAKING ANY MORE!!!!(sorry S.MC K.).
The country boys(and girls),on this website gave me a huge mouth full about sneering at country folk.(Rightly so).I jokingly said plastic food was far better for you than that fresh country stuff they grew.
The posting was so heated that the powers to be put a lock on the post.(Richmond,I think).
Eventually I got the FLICK from this website.I’ve only just returned.My sense of humour was not appreciated.
Damn and blast!
So no more humour.
NEVER!!!!!

This old fart is are here for ever.

bbruham.

Winners make it happen.
Losers let it happen.