Dude seriously don't hold me up like that I don't appreciate it…I myself realise that these things as you have admitted happen to seasoned investors…and what works for one person may not work for another…different people are comfortable with different styles of investing…My thing is that despite my griping and negativity, I am always looking for options and when one presents, try it as frustrating as it is and as depressed as I would have gotten to me at least I only lost money…hard earned yes especially at the time of only earning 35K/year gross, but at least i am willing to take chances and i will take them again as i have done and keep learning.

As for Class action and lawyers, when people's backs are almost to the wall just the mention of something can get them to pay up to tray to keep things quiet for a little longer till they scarper, in which i was lucky to be able to get something from Precise before they did.

Heck in Oz buying a house with other people as tenants in common is starting to be the way people can beat the rental racket and lenders are tightening up in oz, just this lat week i saw at least 4 houses that were previously under contract back on the market due to contract crash.

Interesting times and really it is a who dares wins.. i don't dare as much as others, but to some I dare a lot.

Again don't hold me up as a example as I am sure that there are plenty out there with the same sort of story,I just happen to voice mine on a forum hoping that some people will find useful information and possibly find the courage to take a risk for a better life even if they don't earn over 50K/ year gross.

I bought the property through Housebuyers USA… who have been in business in Australia for a number of years which is why i went with them, plus they have been featured on a few show here in OZ, and those networks do do their research. Since then many have popped up.  I have kept in contact with them letting them know of all the trouble i have been having since I have bought the property so that at least they can refine their procedures if they so desire.

Hey Gazz, Yep I have gotten the money! finally!!!! only took bout 9 months for them to come through…and no my place was not in a ghetto…sometime a few legal letters and support really do help.  I for one don't see a problem with owning "Ghetto "  property… depends on the type of ghetto, the tenant and of course your property manager.  Now that I have the money it is going to pay off the mortgage principal so I will pay it off faster…the new property manager is good so far.

I have had the same problem with the communications from them and when they do reply it is promises promises, but not showing the money. It could be several things or all, but regardless they were contracted for a service and they should be providing it. I have a lot of arrears and it has ceased to try my patience and irked my rationality.

it can be difficult and I am based in Australia.  At the moment the property management is the issue. unfortunately no new tenants atm as it is winter there and i guess most house hunting doesn't go on when there is cold and possibly snow. which is understandable.  Everything else has been very easy… but i guess it is the same as here there are dodgy property managers everywhere

LOL…that doesn't mean that having a higher paid job won't help, ( I have applied for a job in the mines…many times… still hoping, but realistically my spending habits will be pretty much the same)

I have an easy budget. I basically split my income into 3 parts…

1. Saving (automated amount)

2. expenses – you can either move it to a separate account or automatically schedule it to go to your credit card. and use it when you need to.

3. play money (this is crucial if you don't want to go bonkers)

for a few years whilst paying off a debt i only allowed myself $50 a week to spend as I wanted… I withdrew it out as cash each week (I was being paid weekly). Then if i wanted something that cost more than $50 and i hadn't budgeted for it. I would just keep it and roll it over to the next week.

I have helped friends as well by buying clippers and cutting their hair, i groom my own dog. free games on my phone are awesome. the local charity food shop is good as well…also anything that you haven't used in the past few years you might be able to sell at a market for some extra cash if you want to splurge more.

I have a 5 year plan which will work regardless of having a higher paying mining job or not, just having a higher paid job usually means that peoples' expenses grow to fill the gap.

By setting and forgetting your savings you can change your perception of how much you have and use it to reign in excess spending…if you like you can rename your online savings accounts to something dire like… Hospital or something… me I have renamed it "Set me Free" anytime i check it I am even more determined.

If you can keep up the saving for 3-6 months you will find that it is really not that hard…Nathan (Mount isa, QLd) I may stalk you for a job

Nice!!!! Also this page may help some people.

http://www.ato.gov.au/content/86652.htm

and here is the address for the short tax return for individuals.

http://www.ato.gov.au/content/downloads/ind00319718n84160612.pdf

No… USA Missouri

I have switched property managers and am consulting legal advice…Rentals arrears of about 7 months rent, new property managers managed to evict the tenants, who left pretty quickly when asked to provide proof of payment, and the state that the place was left in was not good.  I and my legal reps have contacted them multiple times and they have said that they will make reparations, but so far no joy.