Forum Replies Created
G’day all,
I’m with you Crashy, reading these books is just time wasting.I’ve read a few different authors and you read along thinking, I KNEW THAT!and THAT’S SO OBVIOUS, so why keep reading.I don’t read any author books on investing as they might change my own style.Change your own style could be the beginning of bad run.
I have two sayings that I live by.
“Have the courage to take your own advice”
and
“Winners make it happen,losers let it happen”
Bruce G.Hi all,
I’m being sued at this moment! And I still can’t see why everyone would need to have a trust.
There are insurances for every occasion. Besides,
this is the third time I’ve been sued and on two
of the occasions I’ve won and MADE money out of them.On this court appearance(supreme court)I’m
waiting for the date to be set.I’m counter suing
at double what they’re going for.
Money for jam!!!
Who’s suing me??? My bloody mother-in-law!!!!!!!
Bruce G.It was the longest ad. on television — ever.
And it didn’t cost S.McK. a penny.All for FREE.
Well done. When you can beat the big boys in town
you deserve high praise.
Still won’t be buying the book.
Bruce G.I’ve been to two Henry Kaye’s seminars (free invitations) and they are the best entertainment going.Don’t miss them what ever you do!
He’s a raving nut case, called the police to one seminar because this old bloke called out that “you’re wrong” to him.
I wouldn’t do any business with him, but you might learn about sharks!!!!
Bruce G.G’day all,
Why have a trust? It doesn’t protect you.I can place a caveate on your house any time I like!
If I feel that you owe me money, it justs costs $350 approx.And it never will protect you from the money lenders.Nothing on earth protects you from them.Out of Alan Bond’s empire only the banks got their money.
Bruce G.quote:
G’day David U.,
The thing that worries me about your LEMMINGS
post is that I might be one of them!!!
It’s always in the back of your mind when you’re in the last throngs of completing a property transaction.
My safety first action is to have my LOC account
cleared, and ready for that unexpected event.
To cover no rent etc. I’m ready for another interest rate drop, them I’ll be locking in on fixed interest rates.
Bruce G.B’day David U.,
The thing that worries me about your LEMMINGS
post is that I might be one of them!!!
It’s always in the back of your mind when you’re in the last throngs of completing a property transaction.
My safety first action is to have my LOC account
cleared, and ready for that unexpected event.
To cover no rent etc. I’m ready for another interest rate drop, them I’ll be locking in on fixed interest rates.
Bruce G.hello Leigh,
Retirement!!!! My goodness Leigh why would you want to retire? Sitting in GODs waiting room waiting to be CALLED!!!!! Remember that call is the next thing after retirement.
If you have a heap of money, then travelling the world seeing other peoples cultures etc is interesting for awhile(trying not to trip over your walking frame).It all becomes boring after awhile.
A few years ago, I had a little old lady in the taxi. It was a short trip, to the shopping centre.As she attempted to open the door she broke down, telling me how lonely she is.”Could you please talk to me”? Being too busy I almost threw her out of the cab.I had other jobs waiting.I think about her all the time.The last thing on this earth I want is to be is a little old lonely person like that.In the last days of my tour of duty, in Vietnam, I stole a service revolver with amo. When I become like that little old lady, BOOM!
SO NEVER RETIRE!!!!!!!!
Bruce G.MiniMogul,
Your post is amazing, how do you answer that post?
Being a city investor, the thought of buying in Broken Hill really does make you brave( I think). My logic is never buy in mining towns.When the mine runs dry and closes, the town dies. Just like B.H. The people of B.H. claimed that the mines would never close, unlimited resourses.
Not so. The joint is half dead! Only dopey investors are buying there.
As for investing ten thousand dollars to re-coup a net of twenty dollars a week, Mini you could earn that in one hour driving a taxi and keeping your ten thou. for a decent investment.
Bless you my child!!!!! Never mind you’ll learn
one day.
My brain says if you own twenty properties, I own four. That’s sixteen more headaches than me,
sixteen times your overheads than me.Sixteen more
of everything than me!!!!! BUT, our returns could be the same(I’m being nice) probably mine are way in front of you there.
REMEMBER, IT’S NOT THE AMOUNT OF TOYS YOU HAVE.
IT’S THE AMOUNT OF INCOME, THAT WINS.
I stole that from someone.
I hope, the win, win thing goes for all of “us”.Scott, don’t mention the town your playing in.
S.Mc K.mentioned a Victorian town that had huge vacancies, everyone on this website bought the place up and created an over supply of rentals!
Goes to show, plenty of those country sheep are out there waiting for someone to BAH!!!Bruce G.
Back again,
Yes Minimogal I did notice my spelling error after it was posted. zzzzzzzzzz there’s a few extra for you.
Mini your post, I read with interest,you say that you’ve invested in towns of three thousand populations yourself.Amazing! When I was smashing the keys in my crap post last night, listening to Sydney radio station(2GB)they interviewed a taxi driver from Broken Hill. He mentioned that houses
are selling for $10k each. They’re renting for $80 per week.41.6% return! Here’s your chance to
really be a Minimogal.Buy,buy, buy.
Mini, if you play with property on the net,most country towns property prices are going through the roof.Rent yields are coming down fast. So your little secret is out and about.Now every body knows buy, buy buy, anywhere just buy.
But not for me,You and Ronulas are braver than me.
David U, first time I read any posts on this website your post really impressed me. Like
S.Mc K. postings on another website years ago.
In response to this posting,top marks again, the smash and grab virus has everyone in it’s grip.
When I’m on my way home, you see shop fronts
signs displaying “your wealth partner” and shop fronts “investor finance avaliable-no money required.We will cross all the “T”s and dot the Is” There’s five of these type places from Dee Why to Collaroy.All in a three mile radius.On top of all these places, are the banks.No banks closed
on the Northern Beaches, actually increased.
On T.V. in the current affair shows we see, every night how to do something with property investments.How to sellect,renovate etc.
I waited three years until I bought my last house. Waiting for the bubble to burst. Still hasn’t.
G’day S.Mc K. I did spend some of my tightly held money on your tape,Fasttrack, I play it in the taxi when I’m bored.I’ve listened to it three times,You and your mate come over very well. In the beginning I thought you and your mate were really “mates”. Not so as the tape later proved.
There is no way in hell I’ll be buying a property in thirty days though. I’ll be waiting for those interest to start climbing.Can’t stay down for ever.
Bruce G.Hello my new friends.
Actually ToeEdge was the only one to reply to the post.My answer to your last question is I don’t know!! I thought the “bubble” would have burst by this. I waited three years before buying my last property.Kept waiting and waiting for that blasted bubble to burst,but nothing.I even
put money into shares.Straight after Sept 11th.
bought AGL,United Energy.After Bali, Bought more shares very cheap(love that word).CHEAP.
Hey Ronulas, I’ve done everything you descibe in your post. I’m a tradesman.And very proud of my
skills.After completing my trade I laboured in the
north of West Aussie.Mount Tom Price,on sledge hammers with steel pipe as handles, wooden handles
didn’t last. Working long side Thursday Islanders who wore white overalls buttoned to the throat in temperatures well over one hundred degrees, in the shade.Laying railway track.From there went to Exmouth for about twelve months,rigging,labouring
anything that I could do.
THEN I won the lottery, Twelve months overseas holiday. Included all meals and a new wardrobe as well.The lottery was called CONSCRIPTION and the overseas desination was VIETNAM.I’m sooooo lucky.
This makes me an “old fart” I’m 58 years old.
My wife calls me an angry old man.Barks all the time.Should buy her a mussel
Leigh,twenty-eight thousand persons, I’m impressed! The only trouble with small towns is that if the number one industry closes down the whole town is stuffed. Could you imagine doing a “Ronulas” and investing in so called towns of three thousand!!Never in my dreams would I think about that type of investing. You only need the local bank to pack up and you really are cactus.
Brave boy(I think!!!).
I did look at the Sunshine Coast in February of this year.Renting houses, no problem,but they are trying for Sydney prices.
One fellow I know now lives there at Maroochydore
and can only get casual work.Looking in the real estate windows there’s a whole window of “Buy yourselves a job”.Mowing lawns, window cleaning etc.
Susie_ Langmaid, Gee you know how to hurt a very sensitive guy!!The SHEILA I did the DEED with was a Susie!!!!
Sooshie your tenant, the unmarried mother of soon to be nine snotty noses. Do all of Australia a big favour, buy her a television set. Best contraception that I know of!!!
I’ve had two days off and this was fun.Tomorrow,
back to work.Seven days a week, Who said city boys don’t know how to work.Working seven days is the only way to keep the “old girl” from divorcing me.It’s not the divorce that upsets me, it’s the property settlement!!!Bruce G.
Have the courage to take,
your own advice.
Winners make it happen.
Loses let it happen.G’day AD,
My last purchase cost me $715k.It’s a house in North Curl Curl. High on a hill,unfortunately it’s facing the wrong direction, not over looking the ocean.Damn and blast! Because it’s raised high off the ground , a previous owner duplicated the same under the existing house.The house has six bedrooms two double garages etc.As it’s really two houses, it’s double the rent.$750wk.
The land size is just over 1000 sq. metres.
This place will keep me poor for a good few years.
But it’s screeming out to be three townhouses.
Waiting and watching for my next move. I’ve been holding on waiting for a chance like this. It took three years for it to come along.Joy,joy,joy.Bruce G.
hello again and again,
Leigh, your post was right,we all pay taxes,
in directly or directly, more than likely both.
Taxes are paid in different forms,stamp duty,
mortgage insurances,stamp duty on the mortgage etc
Your property manager taxes you every month, GST.
SSoo I told a lie when I said I don’t pay taxes,
sorrrrrry everyone, I lie.
Leigh, on your other post I had to look up Warranbool to find out where the place is hiding.
And your RIGHT it’s not on my investment list.
If you keep buying properties in Warranbool you
own the whole joint in a month!!!!
Dear Ronulas, Surely people moving into a town of
three thousand population could afford to buy
their own house.Can’t be too affluent if they can’t borrow $80k for a corrigated iron (tin) shed.Possibly a ‘lean too”,perhaps!!!!.
PeterP, If money didn’t hold me back I would follow the New York system.No one of normal means owns their apartments. So buying(or building)your
own block of units in Sydney would be the way to go.Twenty floors of tenants all paying rent. As
a New Yorker said to me (in the taxi) “this place is so much like N.Y”.Eventually Sydney will be the N.Y. of Aust.The only way I can see me involved in a building like this is to create a
property trust. Run by a board of the trust.
Everyone, who wants, can buys shares from the trust.Don’t list it as there’s too much paper work and regulations.
ToeEdge, the only thing wrong with Campbelltown
(besides the name being too long), is that I didn’t buy acres of the place years ago.Would have
sold on hearing that two thirds of the place was
dedicated to housing commission, and pommies.
Sooshie, thank goodness there’s SOMEONE out there looking after the dead beats. THANKYOU Sooshie.
I’ll do my bit next time I’m in the city, I’ll throw twenty cents into the street beggars tin cup.”Property investing is about people”! Again
Sooshie, I’ve learnt something from you, I always
thought property investing was for making a quid
or a dozen.How wrong I am!!!!
Michael v Kaye, bless your little hearts. Instead
of using the dog I could have used the term “bush
pig”. But I’m to nice for that, and beautiful, and sensitive and likable, I think!!Bruce G.
Have the courage,
to take your own advice.hello again,
Richmond, my new best mate!!(Your footy team hasn’t done anything since the West Aussie boys left the team.Perhaps I can pull on my boots and show them a thing or to. Couldn’t do any worse).
The reason I don’t pay taxes
is that my borrowings are so high. I own the taxi
but I lease the car and all the tracking equipment
plus the computers, radio transmitter,etc.
So It’s not that hard to legally avoid paying taxes. Just keep borrowing. I’m now checking out buying another taxi plate.In Sydney they sell for just under $300k.If you lease the plate to an operator, the return is $410 per week.Which is
7.2%.Not a good return, but there’s no overheads.
If the operator doesn’t pay the monthly installment, you just take back the plate!
SOOOOOO lovely to be in debt!!!!! I sleep like I’m
dead. Not the bank manager, tosses and turns all night.
Bruce G.
Winners make it happen.
Losers let it happen.Gee,have I trod on everyone’s toes!!!
Jars, most uncomfortable those two fingers!
Regina & Kaye I am too old for that game,besides I’m married(Why bark when you own a dog!!!?)
To all those beautiful “persons” who I upset about unmarried mothers, I meant the types who live off welfare, sucking on your money called taxes.Not mine, I DON’T PAY TAXES!!!
My mother was our family bread earner,like all your mothers “SHE WORKED”.Brought up three snotty nose kids.
Arn’t those country bumkins a touchy lot!! I to
am a country boy.From a country town in West Aussie.A wharfie father caught me doing the
“deed” with his daughter.Him and his mates were going to kill me.Ran so far until I ran out of land(Sydney).
Just to fill you in a little, I have four properties in Sydney. On the Northen Beaches.
Harbord,Dee Why & North Curl Curl.Plus one in the north side suburb of Chatswood. Total valuation
of just under two million dollars.
Two have become neutral geared and two are neg. geared.Another five years for these two to become
neutral geared.
I also own a taxi.This I run from home. I have drivers for most shifts. I drive on Saturday and Sunday day shifts.
I am a WOG!! Worker of the Government.
Sorry if I upset you cute little rose petals.
Bruce G.
