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  • Profile photo of Rick.Rick.
    Member
    @rick.
    Join Date: 2002
    Post Count: 2
    March 5, 2003 - 8:52 am

    Hi Brett,

    Yes I saw both the Sunday Times & TT stories. I too have a few properties scattered around various metro suburbs of Perth. I have aquired all of them using 100% other peoples money (OPM), not using a cent of my own to aquire them. I also use OPM to cover all my purchasing & legal costs.

    All these properties have been cashflow positive from day 1 for me, where by the tenants & the tax man pay me in excess of all my associated cash outgoings in order for me to hold them in my name.

    I too use DEPpro for my all my Non-Cash Capital & Plant deppreciation….The costs to commission the Quantity Surveyor is recouped tenfold in the first year of my 40 year QS report.

    How about you Brett – whast your Investing Strategies?

    Cheers
    Rick Alias Rixter

    Profile photo of Rick.Rick.
    Member
    @rick.
    Join Date: 2002
    Post Count: 2
    March 4, 2003 - 8:34 am

    Hi Perthites,

    I’ve been interested and invested in Perth Property for a few years now – holding a few scattered around the metro area. I also would love to meet up & networking with other like minded Perth Investors.

    I can be contacted – [email protected]

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