as usual westan, my sentiments exactly
im not as astute as you but i have similar opinions about what you are saying
im not in a positon to travel and i like to be close to my properties for the psychological security
therefore im happy with 6-8%yields in areas which i think has potential CG in the next 5-10 years
alternatively i can think outside the box and invest elsewhere but i would not be able to put in the due diligence required due to my busy job(which i like)
im only 3 with 4 properties overall CF +ve and i can see myself working for another 20+ years
i wouldn’t know what to do with myself otherwise and i can’t see myself just doing RE stuff only although its great
So anyway Westan, i’ve spoken to you a few times and thx for replies.
Any suggestions that you think might help me would be greatly appreciated
Perhaps one day i will get to meet you in NZ

Cheers

i dont think i can sleep at night doing what these people do
no matter how you sugar wrap it; Steve or anyone out there, the wrap technique is never helpful
higher interest rates, wrappee is like a modern day slave with an invisible collar around their necks, no potential insurance to cover their potential mishaps to keep up payments thus potentially losing all they earn forif the law is for the people it should ban wrapping
im just very angry to see these bastards drive mercedes, get plastic surgery, Armani etc – non-essential things in life, prosper out of everyday honest individuals who wants their own home AND to earn it (unlike the Scotts in TDT who trashes props)
even if one is an Atheist you would get the feeling these people will have to pay for it one way or another
Do it the traditional way, provide reasonable rent, be a good landlord and just be kind to one another
Easier said than done. Im no angel but all should strife to sustain a level of integrity that we can say “I am a human being”

is that the laverton or the noble park one

another thing
population growing
people can live with a sky over their head 24/7
like food and water, a roof over our heads in the most affordable area is a PRIMARY need meaning you will sacrifice/commit either buying or renting to stay alive
in most regions – 50 within CBD, large regional areas prices will at least hold or increase at CPI rate where supply < demands ie residential not apartments etc

Ive to agree with sis and yack. The old adage of you get what you pay for applies in 90% of life. Sure fortune favours the brave etc, however, an investment for me is an investment both in my future and my psychological well being and being able to slepp at night knowing i have a neutral or slightly -ve geared prop but able to provide constant good rent with good tennants that arent going to die in my faulty house

FJFICM/FRACP

Like my dad tells me, “If i had an idea which i can make quick millions, why the hell would i want to tell everyone else, even for a high price”

There is only a finite wealth pool in this world and if someone is making miilions fast, many is going to have to lose quick. So if this someone tells this “secret” to everyone else who tells it to more people, sudddenly there would be hundreds if not thousands of millionaires and the economical infrastructure would have to collapse at some point.

So there we go, fear and greed, basic human emotions, that allow time and again, us to put ourselves in a position of ruin; financially, emotionally, mentally and sometimes morally.

I try to tell myself everday that what I have may be not as much as some of you guys here( 3IPs in good burbs) but I have a sound job that makes a difference to people’s life, a supportive family and in a position of reasonable comfort if i contine in my path.

Those in similar position or not i think should think about all the good things in their lives and not worry about getting or missing out on the next superb IP deal.

However, i feel that sometimes this site can offer false hopes to those who are new or disiilusioned with life to find new ways to make a living and to emulate Steve and Dave; though most of us know the effort in 2004 is about 10X more than 1997.(I’m not saying this site is unscrupulous, its great and informative but one must understand before indulging into areas unknown)

Sorry about my ramblings but had to get this out

FJFICM

what i really hate about people like this is the way they prey or your average hard working wage earning individuals who invest in their family’s interests as well as a promise of a better life which we all hope for. Unfortunately, not all has the resources (eg. knowledge, family and friends) to guide or at least reflect upon what they are contemplating and therefore fall into an ever spiralling trap that they can’t get out from.

For example, I heard that one migrant wanting a better life for his family actually borrowed $20,000 or thereabouts to attend the courses, got nothing and now has to pay interests on something that gets him no profit ie extreme negative gearing if you could call that.

These bastards like HK creates prisons without bars and those can be the worse kind there is.

FJFICM