Hi muppet

you know we are pretty clever folks us australians

we havea master plan
let you beat us at Netball
let you beat us at Rugby

then when the important game happens the world cup

we get absolutely slaughtered
westan

hi guys

actually it was our boat that sank in the US a few years ago. sorry i’ve got a stupid sense of humour.[]

regards westan

Hi all

i’m 39

But i’m really good looking and everyone reckons i am only about 24

westan

Bad day for aussie sports, but at least our boat didn’t split in half and sink during an america’s cup challenge[]
anyway i’d better go and fix a fence it’s nealy dark and i’ve spent too long on the forum.

bye all westan

Hi Richmond

whats the bet ACA has exactly the same story in a few nights ?

Aaronj
your right it a sensible story would be nice,

westan

Hey Muppet
those Bangladeshies aren’t too bad ! I though the tests would be over by lunchtime.

While we’re at it, talk about bad sports

i remember years ago seeing a Kiwi batsman throwing his Bat. Disgusting sportsmanship ! i hope it didn’t upset our bowler at the time – Trevor Chapple.

regards westan

hi brimmy

sorry mate like the rest of us you have to do your own hard work. Finding them is half the fun. Sort like when you a single fella looking for a lady[].
You may need to look more creatively because half the country is using realestate.com and other sites.
regards westan

Hi Muppet
Thanks you’ve done real well[]
westan

Hi all

To you people that are waiting for prices to tumble i think you will be left waiting. the prices that will tumble will be the inner city unit prices in Melbourne and Sydney.

These are not the sort of properties you should be buying if you are after cash positive properties.

Regional areas prices i expect will hold. After being…[Read more]

Hi all

i’ve never met Steve or Dave but they are buying up Big. Steve’s book will need to be retitled very soon, with the 130 looking quite small compared to the figure today.

While many on the forum are saying it can’t be done Steve has been very active and doing it.

My source isn’t even someone who knows steve, that all i want to say.

westan

Hi Arty2003

in the interest of “if they can do it” i hope this may encourage you.
In 1997 i finished Bible College my net worth was $25,000 i started anew job 4 days aweek on about $35,000 PA. i needed IP’s to help us survive. i was able to buy 9 IP’s over the next 12 months. as these have increased in value i’ve bought more today i think i have…[Read more]

Hi Guy’s
Living in a country town is great our family (wife and 4 kids) survives well on only 60k PA. (we don’t live on any of our property income)
But it’s not how much you make that matters its how much you spend. I know people who earn heaps more than me and yet they are living week to week.

Congrads on the promotion Richmond, Eddie must be…[Read more]

Hi Guys

i use Homepath a lot. http://www.homepath.com.au
Once again as with all the others they are often incompetant but
They offer rates of only 5.65%
No monthly account fees
No application fees
No valuation fees
i have not found a product out there as good as there’s.
on the down side they take 60 days to settle.

Hi Nativemetal

some thoughts i have about your post. The strategy of buying multiple properties (say 8-10) if you could afford the repayments was a great stategy to use 5 years ago and those who bought in capital cities have done well for themselves. But what about the future with N.G properties they have to appreciate faster than the cost you…[Read more]

Hi guys

that’s very true that they are working for the vendor (in theory). My experience is sadly they are working for themselves. Most have little regard for the vendor. as a buyer and seller i have found the above true. If they work for me as a buyer they know that one day i could be a seller, were the seller is often gone out of the area. i…[Read more]

sorry one other comment. i’m actually selling a few (about 12 properties) but i’m using the money to reinvest in another area of the property market. The reason i’m selling is, my property prices have risen and this new investment has better returns.
westan

Hi alf

yes you need a good accountant. i’ve just made contact with one many on the forum use. He is a property investor himself and is very knowledgeable about all investing and trusts etc. He has written a book on trusts. I found that the acountants i was using knew about the same as i did about tax and property investing (a worry). I think i…[Read more]

Gee Alf

we need a bit more details if you want some response.
Like where the property is.
how much is it rented for
what is the market value now
what will be the cost to keep ie any large maintenance issues.
if you sell how much CGT will you pay
what you will do with the cash?profit if any (ie another property and then we need all the info on the…[Read more]

Good on you Richmond

Thanks for taking on the responsibility of a moderator and helping to maintain this fantastic site.

regards westan

Go Tigers

hi all
up until recently these deals were all over the place, in regional towns and cities.
In the past 18 month i’ve bought
40k rent 110pw
44k rent 130pw
40k rent 100pw all in Hamilton Vic
40k 115pw in stawell Vic

an example of this year
75k 155pw in Horsham Vic
42k 105pw in Stawell Vic

so they were out there Steve was able to buy when there…[Read more]