Thinking of writing a book

[Dazzling]

Hi chaps,

Was strolling through the financial section of the bookshops last week and noticed a plethora of books on budgeting and paying down your mortgage and a veritable array of books about shares and residential housing.

Nothing seemed to be available for what I invest in, namely non-residential direct property investments.

A few people have asked before if it was possible to put down some of our experiences, which I'd be happy to do....but I'm held back by the thought of sprouting off when there are far more experienced and "big fish" in this pond that we swim in.

I've found they are a very tight lipped bunch, with little to no lessons forthcoming, even when using a crow bar.

It would be the nitty gritty of how we sourced / negotiated / financed and renovated the props and then attracted the tenants, including leasing tricks. None of this high level "now this is how to do a budget, and if you take your lunch to work you could save $ 2,500 per year".

Would anyone be interested in this ??

[NigelW]

Absolutely Daz!

Put me down for the first autographed copy. ;)

Cheers
N.

[Rixter]

Hi Daz,

Sounds a terriffic idea mate. Like you mention I also think there is a gap in the market for this type of information.

Put me down for the 1st author signed copy hot off the press after yourself :)

[JIT]

YES, YES, YES!

There is a severe lack of practical information on commercial property investing in Australia.

I have bought books via Amazon from authors in the UK and USA, there are many books overseas, but almost none for the Australian market, apart from the one by Chris Lang and Martin Roth.

There is very little internet forum discussion too on commercial property investing, whereas the UK and USA have several forums with high activity specifically discussing commercial property.

Thanks,

GSJ

[willair]

Would anyone be interested in this ??
Dazzling, I think the book would work and an opportunity worth pursuing
as long as it fulfills the primary requirements..
good luck willair........

[ani]

Sounds a great idea. I'd read it:)

[ozi]

Go for it Dazz! I always enjoy reading your posts and would definitely read your book :cool:

Cheers,
Ozi

[lizzie]

yes please - don't forget to include small examples for us small investors! :o

i was looking at developing a cafe/beauty shop corner in an up and coming suburb - but had no idea how to start structurely and financially (not to mention every other way).

something to read, and re-read, would be fantastic.

[grossreal]

hi dazzling
I'd like a copy
put me down for the don't forget to include small examples for us small investors.
I look forward to it
make sure you do an electronic version.

[DaleGG]

Hi

I love the idea and would also been keen to buy a couple of copies (preferably signed, of course:D )

Go for it, mate

Dale

[Dazzling]

Dazzling, I think the book would work
as long as it fulfills the primary requirements..


OK, so it seems like there is a tad of interest out there in investor land.

The trouble is I suppose, we are a very small bunch indeed in terms of the larger population. No point putting something together that would entail a bunch of work (especially when I have no idea of the real processes involved with churning one of these out) when the target audience may be as small as a few hundred or maybe a thousand people....who knows.

And what exactly would it be that you would want to read. I constantly hear that the fin. authors gloss over the nitty gritty and that's where all of the real lessons are for first time investors.

Of course, I could present the manuscript to 5 or 6 publishers who could all collectively say this is complete garbage and no-one "out there" is going to be interested in this nonsense. When you have to compete against the essentials like Mills and Boon, it might be tough.

I could generalise about industrial areas and the high level fundamentals, or recount the exact step by step ups and downs and really get specific.

What exactly does everyone want to know.....other than how to buy properties that grow in value and spin off large amounts of cash ??


Signed copies.....OK OK, we'll cross that distant bridge if it ever shows up.

Title suggestions ?? I'm thinking something like....The nitty gritty of Industrial real estate. Whaddayareckon ??

[dallee]

Dazzling - you could think about a collected volume of case studies or a handbook, with you as editor. Once you convinced one prominent investor or developer to contribute, I bet others would join up. You could get someone even more prominent (I'm being vague here as I know a little about books and nothing about commercial property) to write a foreword. Maybe if there's something similar in the residential property world, you could approach the publisher and pitch the idea to them.

[grossreal]

simple investing in industrial property

[XBenX]

Renton's book covers most areas of commercial investing, however it is quite a dry look at the subject area.

Perhaps as you suggested an experiences based book would be more successful.

[Rixter]

How to Build a Dazzling Muliti-Million Dollar Industrial Property Portfolio!

:)

[aef]

To borrow from a proven marketing concept - Rich Commercial Investor/Poor Residential Investor? ;)

Slightly tongue in cheek, however I think if your book explained the complexities and/or differences between resi and commercial maybe as seen from an initially resi perspective then this would give most readers a ready frame of reference. (Especially since you have experience in both.)

Good luck - maybe talk to PS regarding who he recommends you pitch to.

Regards
A

[Leandro]

Maybe DaleGG could offer some suggestions in regard to what is required in putting a book together as he has been down this path.

I would read the book, as i know very little about commercial property except for what i have read in API.

As for what it would say, well your guess would be better than most since you have been down the path. Maybe, think about yourself before you went down the commercial path and what you would have liked to know upfront before you jumped in. Following that, what would have been nice to know while you were doing to avoid costly mistakes.

[FrankGrimes]

I would be interested. Can I also suggest, if you didn't want to go through a maintstream publisher you could always write an "E-Book" and charge a nominal amount for a download. This book would be more directed an non first time investors.

There are plenty of IT people on the forum that I'm sure are happy to assist from a technical point of view.

[redwing]

Maybe DaleGG could offer some suggestions in regard to what is required in putting a book together as he has been down this path.

I would read the book, as i know very little about commercial property except for what i have read in API.

As for what it would say, well your guess would be better than most since you have been down the path. Maybe, think about yourself before you went down the commercial path and what you would have liked to know upfront before you jumped in. Following that, what would have been nice to know while you were doing to avoid costly mistakes.

Exactly, great points;

You could go down the path DaleGG has or go "commercial" in regards to publishing and look at what Jan Sommers, Michael Yardney or Kieran Trass has done.....would you have to approach publishers and as you say; how big is your Market and is the interest (at this stage) :confused:

I'd say there's a market right here at the moment Dazzling and you can be assured of support from the majority of members here I'm sure.

You can also sign off each chapter "ker-ching" ;)

Put me down for a signed copy mate

[Dazzling]

Righto, I'll sit down and bash out a contents page....and then flesh it out from there.

Any suggestions you wish to make are more than welcome.

[ani]

I'd prefer a detailed project by project version.

E Book sounds a great idea - that way you can test the demand but still sell it. Maybe put an E book up with the first few chapters and judge the response.

Start a blog about it so you are getting hits and have an email sign up page somewhere so you can let people know when it launches.

[kissfan]

Title suggestions ??Hi Dazz.

Was thinking along the lines of " How my 'dumps' turned into goldmines"

As you've already mentioned, a lot of authors print books and make it look just too easy. Sometimes, it's like following a step by step plan except it appears that some of the vital points have been eliminated, so the puzzle isn't quite complete.

Also like to hear of pitfalls along the way (not just the prosperous ventures), as it keeps readers aware of what to look out for.

Regards
Marty

[sailor]

Hi Dazz, I accidentally (well it was my fault really) bought 2 commerical units. But I had no idea what I was doing at the time...and would really be interested in reading what others have done. I'm keen to read your book or e-book. Especially interested in the gory details of others' experiences.

I think there would be a tremendous demand for your literary work.:)

cheers
Sharon

[Les]

G'day Dazzling,

Excellent idea !! And you write well (that helps :D ) Count me in for at least one copy - and if it's really good, up to another 10 for family members. Autographed, of course... ;)

My thoughts re the whole deal:-

1. The "Story by Story" style is an easy (and useful) read for many. Can you do a series of "what worked (didn't work) for you" stories? In fact, it could START off this way, then after a few stories, get into the nitty gritty and all the numbers stuff, pitfalls, possibilities, etc.

2. How about a title like "If you like Property Investing, TRY THIS !!" Would be guaranteed to have every property investor reaching for it (at least... how many is that?)

3. Or perhaps "Get a little Dirt on your Hands" with maybe a sub-line explaining things like "My way of Investing in Industrial Property" (but in much smaller type).

Go for it, Dazz - I'm cheering from the sidelines,

Regards,

[Barracuda]

How about "How to get your Missus to evict an angry Bikey, a cronical of industrial property investment."

Cheers,

[geoffw]

Dazz

I would certainly be interested in a book like that. Me, myself, personally.

But, as you mention, it would have an extremely limited market.

People have mentioned material available in the US and UK- where there is a much bigger audience. A book like that might make a little amount of money over there. Here- probably a very small chance.

I'd try to find out how the Roth & Lang (http://www.moneybags.com.au/default.asp?d=0&t=1&id=4731&c=0) book worked. That was fairly general, but was available in the bookshops. Yes, it covered non direct commercial investment as well- but any info you get on the sales of that might give you a little chance of finding the size of your own potential market.

Alternatively, as people have mentioned, publish it as an ebook- or, as Dale has done, as a loose leaf "manual". With such a limited audience, you would be treading a very fine line between getting a little return from your effort, and turning people off completely based on a price too high.

I'd hesitate to buy any book at the bookshop over $30. But I'm happy to buy Dale's at $99. It's had credibility from this forum. And I can see that Dale's manuals are well worth their money. So it has a track record.

I'd love to see the book- but I'm not sure if you would get enough back to make it worth while.

(And also remember, that even though people here are probably doing quite well with property investments, many have a "frugal" mindset- they do watch their pennies).

[paulie]

I would love to get my hands on a copy, and to be honest i would probably pay a fair whack of change for it, especially if the book was promoted as being a limited run - ie only me and another 9,999 people have a copy.

Another thought I had, Is there any way to stop e-book's from being copied?

cheers


paulie

[yadreamin]

G'day Dazzling,

Excellent idea !! And you write well (that helps :D ) Count me in for at least one copy - and if it's really good, up to another 10 for family members. Autographed, of course... ;)

My thoughts re the whole deal:-

1. The "Story by Story" style is an easy (and useful) read for many. Can you do a series of "what worked (didn't work) for you" stories? In fact, it could START off this way, then after a few stories, get into the nitty gritty and all the numbers stuff, pitfalls, possibilities, etc.

2. How about a title like "If you like Property Investing, TRY THIS !!" Would be guaranteed to have every property investor reaching for it (at least... how many is that?)

3. Or perhaps "Get a little Dirt on your Hands" with maybe a sub-line explaining things like "My way of Investing in Industrial Property" (but in much smaller type).

Go for it, Dazz - I'm cheering from the sidelines,

Regards,
Great ideas here Les and l think the title "Get a Little Dirt On Your Hands" is just sheer brilliance:) l like it.
Dazzling the book sound like a good idea.You write well and entertaining.You have mentioned in some posts a couple of old blokes you have met along the way and they have given you good advice.A bit of a write up of those characters would be good.And like others have said dont gloss over the little stuff because thats important too.
Good luck l am sure your mind is racing a million times [$$s] per hour
cheers yadreamin

[JIT]

Agree GeoffW,

If you go into any bookstore, the only good, easy to read, and relevant book on commercial property is How to Invest in Commercial Property by Chris Lang and Martin Roth.

There is literally nothing else worth reading.

I´m sure Lang and Roth had some degree of success with that book, given the lack of competition. It´s in almost every bookstore I´ve been to.

As GeoffW says, their sales volumes should give you an idea of the size of your target market. Could call the publisher or e-mail Chris Lang (see his website), not sure about Martin Roth´s e-mail.

GSJ

[lizzie]

i would love to see a "story by story" book as said above. if you know others in the industry (or on this forum who will contribute) it would give a wide range of types of commercial/industrial investment, tell us the nitty gritty of how each did their deals (or multiple stories for multiple different deals). everything from building two small shops for let written alongside outfitting an office premises right up to setting up a large industrial/warehouse sites,

it is the nitty gritty that i want - not generalisation that "one size fits all".

a story by story would also perhaps mean less work for you as a collater, rather than total writer, where you would record the stories and then mould them into shape.

very exciting.

[Pete]

Dazzling,

A fundamental question - why write the book?

If for non-commercial reasons, maybe consider a web page or something similarly inexpensive. You could test the waters on this forum.

If motivated by profit, well, it seems like we are all guessing...

Regards,

[Dazzling]

i would love to see a "story by story" book as said above. if you know others in the industry

it is the nitty gritty that i want - not generalisation that "one size fits all".




Yeah Lizzie, that was sort of the format I was thinking of. Maybe 10 or 15 pages of really nitty gritty details per story....no executive summaries or overarching statements, just full on details on how the deals came about and exactly what steps were taken to get both the sales deal and the leasing deal over the line. Lots of fin. numbers and recounts of conversations that precipitated the deals.

My next door neighbour has been doing C&I deals for the past 25 or 30 years and is about 8 times bigger than us operation wise, but getting info out of him is extremely difficult. He's a good bloke generally, but squeaks when he walks....if you know what I mean.


Pete - why write a book ?? Well yesterday I awoke at 4am bright and alert with this epiphany of writing a book. I was charged with energy and couldn't get to sleep. Compared to the mind numbing feeling of getting up to go to work, if was very refreshing.

But....I'm not that charitable, the main reason would be commercial, and who knows where it could lead to from there. As I said before, I feel a bit embarrassed as we are very small fish in this industrial pond, especially when I look at what my quasi-mentor for one and my neighbour for another example....but no other bugger seems to have put pen to paper.

If it's a flop and only a cuppla hundred copies are sold, well then, I will have wasted my time and I'll move onto something else after having licked my wounds....no biggie. Keeps me off the streets though.

I feel with the increase in people's equity over the last few years with their ressy props, perhaps there is a leaning, or at least a desire to see what is over the other side of the fence. Sometimes the grass is greener.

I'd like to include some good and bad stories. She's not all fresh daisies and skipping along. The wife with her big marine grade chain and lock confronting and then locking out the bikies will probably make an appearance.

Anyway, most likely procrastination will set in and nothing will come of it...who knows, with a full on reno, 3 kids, a full time job and a bit of property to manage, time is not in abundance at the moment.

[sailor]

The wife with her big marine grade chain and lock confronting and then locking out the bikies will probably make an appearance.


Mrs Dazz sounds like an amazingly assertive lady. I'm all ears to hear this yarn.:D Sounds like a real gem!

cheers
Sharon

[lizzie]

please don't procrastinate!! i am sure with more people looking at smsf there will be a good market - but not huge.

i like to informally teach what i know about investing as well as invest - basically feel comfortable talking to people and sharing what i have learnt - although i am barely a tiddler compared to your small fish. this comes from wanting to give something back to society and pass on my knowledge to eager minds ... if your book comes from that motivation then i'm sure it will do well. karma and all that jazz.

[thefirstbruce]

you know, out of appreciation to the Somers for the way they educated a couple of generations of Aussies about property, I wonder if a series of books might be put together on res and comm dev't....how to's with real meat in them....

they could also be a composite of different forum members' experiences and detailed workings of how to get finance, project manage, feasibility study, manage cash flow....in fact, I wonder if Ian has another piece of software in him- property development stuff, similar to devfeas or estatemanager.

having the Somers' endorsement would I am sure, get a series of books into the stores a lot more effectively...and be good for sales...

And considering the big push for self managed retirement, I think it'd be a positive thing for Australia in general.... Would be good to see ethically minded locals designing and developing local commercial and residential property....I reckon when locals deal with locals, there's less likely to be someone getting ripped off. Word travels fast locally. Out of towners can just keep moving around trying to stay ahead of their tarnished reputation.

[redwing]

TFB,

I've come across this one as well http://www.devfeas.com.au/html/feastudy/feastudy.html

I still say "Go For It" Dazzling, it may be Cathartic and as you say give you a new drive, why not start a Blog as you compile some stuff and put together the pieces; leaving the meat for the book of copurse but it may also *whet* the appetite and give you an indication of interest etc, there may be a lot of possibilities right there...:confused:

All the Best ;)

[thefirstbruce]

Yes Red, have been messing with feastudy6.0 demo.....
http://www.somersoft.com/forums/showpost.php?p=242914&postcount=15

I have only found one other software prog for property dev't
http://www.estatemaster.net/australia/

Both seem to be well patronized in Australia.....

[crest133]

You dreamed it Dazzling, go write it and sell it.
I was going to say "Naaahh, don't bother writing that stuff, no-one here wants to make any money out of boring old real estate", :p but decided against tongue in cheek and wanted to be encouraging instead.
If it's in your head and it works, please write it, it'll sell. :D
Cheers
crest133

[mja]

Hi Dazzling,

A very resounding "yes, please write a book" from me.

If you can including something about the psychology of commercial property, I think you'll do well. Most of the people I know who have even a couple of investment properties won't go near commercial, as it's either too "hard", or too much of a "black box", or "only rich people invest in commercial property".

I'd be interested in how you tackled finance, Ie, what's the first reaction that a bank has when you want to purchase your first ever commercial property? :)

Best of luck!

-- MJ.

[Pablo]

DO IT! DO IT! DO IT!

Dazzling I find your posts very informative and have been tempted many times to encourage you to write a book.
I even volunteer to proof read it!

Cheers Pablo.

[lizzie]

If you can including something about the psychology of commercial property, I think you'll do well. Most of the people I know who have even a couple of investment properties won't go near commercial, as it's either too "hard", or too much of a "black box", or "only rich people invest in commercial property".


i agree. i find the thought of buying commercial daunting as one has to get involved in all sorts of scary things like gst, different advertising/market, location (buy a res ip anywhere and it generally will rent - comm is different).


but if someone would allay the fears in a fun, easy to read book that would be great - then i could read it over and over until it all sunk in.

[Dazzling]

Righto,

When I find some spare time, it'll come together.

However, everything has been put on hold.....as for the first time in over 12 months we have found a property on the market here in Perth that finally fits our criteria.

Investor first and foremost....budding beginner author a distant second.

It's really ugly and big and smelly and hopefully puts everyone else off from buying it. The big fish in the industrial pond are circling, but we are determined to muscle our way into this opportunity.

So it's all hands to the wheel, chasing down research and doing the due diligence on something that should set us up for the remainder of our days.

This place will be worth triple what it is now in 5 or 6 years time. :)

Ah, the thrill of the hunt, I love it. There goes the low LVR if we get it.

Wish us luck, we won't be pipped at the post by some Eastern States institution or mutual fund this time around. :mad:

[grossreal]

hi dazzling
as I told redwing maybe catching up on that scotch very soon.
I have consummed a vast amount of the liquid stuff on the last project so will have to go light on the consumption.
hope you get your dirt.
I am sure that you will;)

[JIT]

Why not do a seminar instead, with a brief handbook in writing to accompany it, wouldn´t that be a simpler, more profitable way to share your knowledge/experience?

GSJ

[lizzie]

nooooooooooooooooooooooooooooooo :eek:

book please, book please, book please ....

[Aceyducey]

Having written and published a few books in the past, Dazzling the first step is to get a publisher onboard.

Lots of people write the manuscript first then shop it around - this is the hard way. Less than 1% of manuscripts get published.

Identify three appropriate publishers.
Do a market review on the topic (Amazon is good for this) for both local and overseas books on the topic.

Identify the potential market - investors, people working in the industry (real estate agents, people working for companies who are buying commercial property, etc). Put a figure on the size - locally.

Look at whether the book is transferable to other markets - this generally involves being very general or including specific chapters for nations/regions. This greatly broadens the market.

Develop a chapter guide (a bit more than a contents page) and synopsis, plus a few examples of sections/chapters or similar (of several pages in length) to demonstrate that you can write and showcase your style.

You could consider the ebook approach or self-publishing if you cannot find a local publisher.

Note that commercial property is perceived as a niche area and property is out of favour at this time, so you may find the self-publishing route best for the first book.

I've never self-published, always made sure I have an agreement with a publisher first, but Dale and others have and can give you an idea of the pitfalls.

Oh - and don't expect to make lots of money. I've had books selling 20,000+ copies (enough to qualify as best-sellers in Australia, but sold via the wrong channels to be counted) and the return isn't as much as you may think.

Cheers,

Aceyducey
(A list of about half of the books my partner Jas and I have written are up in my Wordsoup site (www.wordsoup.com.au).

[sailor]

A good literary agent can take a lot of the hard work out of it for you....and they have good contacts in the publishing area.

http://austlitagentsassoc.com.au/index.html

cheers
Sharon

[Bricks & Mortar]

Daz,


Suggestion for a Title " The Dirt on Commercial Property"
you said everyone is tightlipped on devulging info, perhaps that will be a additional selling point for you.

Sure the demand may be limited, but it may also generate sales internationally as your tactics may be universal and be useful in other countries.

Perhaps an extra blog teaser on the back of the book from one of the bigger hi-flyers bagging you exposing the commercial market letting out the secrets that they hold so close to themselves.

Food for thought

regardless put me down for a signed copy too!

PM me if you need some help to design the graphics for the cover design.
GOOD LUCK!

[michaelg]

Hi,

Just a thought, something I've heard about is a technique called "fly catching" - someone mention starting a blog before... well on the blog you could include an email form with the question, "What would you like to know about Commercial Property".

The idea is that your market could tell you what they want to know and that may help you tailor the book (or work out what to put into the book) to satisfy your customers.

The "fly catching" concept is to generate ebooks by creating content based on input from the public.

You select a topic, then set up a page - screen the questions (get the ones with the most occurances) then write an ebook to answer those questions.

Then (in theory) sell the ebook back to the niche market.

In your case you could use it as a guide to determine what to put into your own book - maybe something you think is common sense is the one point everyone asks about.

Regards
Michael

[Maurice_Meade]

Hey there Dazzling,

In line with XBenX’s comments, looking back on the residential prop investment books I found most valuable weren’t the ones that offered a recipe for replication (step 1, decide structure, step 2 source financing, step 3, research etc) but were more the ones that talked about the subjective elements of the process. Don’t give up when your bank declines finance, your Dad may not be your best financial mentor, it is possible to acquire 135 properties in 15 minutes….those sorts of evocative leitmotif’s. I think if you portray your industrial storey’s as you’ve done in these posts, and sprinkle with only a few practical hints, like William Faulkner’s ‘As I lay Dying’ novel, you’ll entice the reader to piece together their own adventure from the multiple perspectives offered, with the right balance of guidance and prescription.

I think it’s a little strange that you appear to be less than confident about what you have to say, as you have a tremendous amount of experience in the field, and are chasing deals that I would regard as career end goals, or the realm of registered property trusts.

In order to save a lot of work, perhaps it would be better to approach the publisher with your intention (confidentiality assumed) rather than the manuscript, and also perhaps the title will come out of discussions re the target market and whether your primary intent is book sales revenue (‘Industrial property investment for dummies’), education (‘A guide to Industrial property investment’…zzzz) or a record of your personal trials and achievements (‘Industrious Property’).

Just some thoughts….

Cheers

Maurice

‘Why eat a cake, when you can have good hair’

[Rixter]

Just some thoughts….


Excellent thoughts for a hairdresser ;)

Welcome aboard the forum Maurice.

[flatout]

Go for it Dazz. I would definitely buy a copy. As to what to include, I would approach the book in say 3 parts:

Part 1 - Convincing the reader that commerical property investment is worthwhile and rewarding and perhaps not as hard as one might think. So begin with the basics and concentrate on demystifying the whole industrial/commerical property investment arena.

Part 2 - Now that you've convinced me to consider CIP as a viable investment option, how do I get started? Cover topics like selecting a CIP. ie. what makes a good CIP? How to find tenants? Property management. Getting leases drawn up etc.

Part 3 - OK, so I've taken my first baby steps into the CIP arena and I like this game. I'm getting a bit more confident and looking for more sophisticated deals. Here's where you could perhaps tackle some of the trickier aspects of CIP. Putting together deals, financing etc.

I would definitely include some real life deals and perhaps some case studies. As well as inspiring, I think these bring the message much closer to the reader.

Hope you don't mind my input. Now, go get busy writing...I need this book ;)

Flatout

[trugoy]

Having some experience with information products for niche markets, I would say that writing books is now pretty much DEAD as a commercial enterprise.

With the amount of royalties that you get, it's not worthwhile unless you sell millions of copies. The only people writing non-fiction books these days are either people who have a need to "establish a reputation", or basically as a lead generation exercise.

All those famous authors you see in the business/investing/non-fiction arenas make 95% of their income through capitalising on the reputation that they gain through the book(i.e. speaking/seminars/consulting etc...) not on the income earned through the book. In the 21st century, a book is literally a lead generation exercise.

Case in point would be Chris Gardner's commercial property book.

The biggest thing about niche markets is that the people actually interested in the information in a book are usually willing to pay a lot more than the price of the book for that information.

That's why you see so many $$$ seminars, DVD sets etc in the "how to make money" niche.

Selling information on the "nitty gritty" of commercial property investing would be very lucrative, however a book is not really the right vehicle for it.

[ggumpshots]

The Nuts aand Bolts of Industrial realestate.
Whadyareckin ?

Sounds direct and down to earth.

[Glucose]

When's this fabulous book coming out? It's now 7 months down the track and I'm anxiously awaiting the arrival on the bookshops shelves of "How to build a dazzling multi-million dollar Industrial Property Portfolio!" Or can I, too, get an autographed copy? Or, hang on, what about a tax deductible trip around Australia to do book signings?

[Bushy]

Dazzling

No excuse for avoiding the book, with all your spare time now :) . I'm in for a copy when its done. BTW well done with LOE

Regards Bushy

[Dazzling]

Agreed.....it's a sad and sorry situation. A full 16 months have passed and not a jot has progessed on this initiative. I offer no excuses.

Did pick up a place last year worth about half a million books, so that's sucked up a bit of time.

I do however, keep running up against this wall of other industrial investors merrily going about their business makign a motza....and keeping their cards close to their chests.

In the end I think it will boil down to whether I want the money or the fame. Weight of numbers given the current gaggle of practitioners goes for the money. Maybe I should replicate my peers.

Bushy - in terms of LOE, we aren't there yet. We've got the wherewithal now, but have not approached the Bank as yet. Seeing as though it'll be their money, and seeing as though they are a bit skittish at the mo', I fear an uphill battle might be looming to actually start LOE.

Anyway...still plodding at work for the time being...better get back to it.