hi melbear

since you went and exposed yourself to us all [], i suppose in response to your question so should i [].
first of all sorry to those who have heard it before please move to a new post.
i started buying in 1996 (when my net worth was just 25K) and bought 10 cash positive properties in the one year in adelaide(4), morwell(2)(vic), stawell, ararat, hobart, leongatha. since then i’ve continued to buy, getting about 25 in Vic and SA, this year i started to sell some and sold about 12 in the past 5 months, i’ve also been buying in NZ, got 13 there now and about 11 in OZ (in shepparton, morwell, adelaide, hamilton, stawell) with a couple on the market. i plan to move to NZ (not Bondi, maybe someone made a joke because there are so many Kiwi’s there). in NZ i will be holidaying and improving some of the houses. we are moving for 12 months buy may stay longer, i depends how it goes with the family (we have 4 kids).
the properties i buy are cash positive, have the potential to be improved by adding some value (ie paint), i also try to buy in areas that will grow in the future. i stopped buying in Oz in about April to focus on NZ. Property has been fantastic for us i’m 39 and will finnish working on Dec 19th [].
regards westan

hey fudge 111 who is your tip for woodem spoon?
mine is the bulldogs
westan

hi all
mcollins its not your house is it?[]

seriously, what do people think of Broken Hill these days. i know 6 years ago i didn’t buy there even though you could buy for 25k because the town was declining and had a few vacant houses. have things changed?
by the way this property would not be cash positive even with a 20% deposit.
bye westan

hi mel

wow over 500 “reads” and to think when we started i was aiming for 25.

sorry i thought as i wrote it, that if someone read it before i got all 3 on the board they would take it seriously, never mind we are being childish anyway (but sometimes you have to).

i never knew you could delete messages and it still counted. anyway it is the quality of the posts that matters (if at all) and yours are right up there.
soon you will pass me in posts[] i’d better stay up posting and deleting just to get over 1000.
bye westan

hi tools

welcome to the forum, thanks for your contribution.
regards westan

personally, i couldn’t care how many posts i had.
westan

so i can do whatever i choose with my time.

westan

hi all

i was talking to an agent in horsham Vic a number of weeks ago and he made the comment that they get so many emails it is impossible to keep up. his small office would need to employ a full time worker just to reply to emails. he isn’t willing to do this as very few email enquiries translate to sales. i suspect he feels that if people are interested they will make serious contact with the agent. i remember last year i would send off so many emails i forgot who was who.
westan

hi fatboy

is that 300k in equity? if so i’d look at turning some of it into cash, obviously it depends on your situation but over the last 4 months i’ve been turning that equity into cash (by selling not refinancing). With some of this cash i’ve been buying properties in NZ because the return has been excellent. i don’t think that the market where i own properties is going to collapse, so i’m keeping about 1.2 million worth of property here (all still mortagaged). with the cash i have left over i’ll sit on mortagages and look for opportunities, both shares and property. over the past few months most of my shares i’ve purchased have been Gold stock. where to put the rest of the money ??? i will take my time and look around. i don’t feel we are at the start of a bull run on the stock market so i’m happy to wait.
what do others think? what about you Fatboy what would you do. if i was a chick i’d probably ask you out 90k income and 400k in equity.[:X][]
westan