secrecy

[brains]

Hi all,

I asked as part of another post why so much privacy when it comes to disclosing locations of forumites' IPs and the response was, lets say, less than enthusiastic.

So i decided to create a new thread and ask again and see if there are any forumites that are willing to answer the following question:

What are the pros & cons of not disclosing the locations of IPs on this or any forum ?

I can offer my own thoughts (but im relatively new at this game)

Pro:By publicising as much as possible the locations of IPs you can create additional demand in the area your IPs are located and therefore increase the price in the area. (even at a minimum, a negligible amount is something)

Con: As previously posted by bribie,If you are looking to purchase properties you might like to keep queit as you dont want additional competition. But surely not everyone is looking in the same price range, in the same area with the same investing strategy so that would exlude a lot if not all the competition.

[Michael Croft]

Hi Brains,

Sorry I missed your original post on locations of IP's and I've been a tad busy. This is a public forum and understandably many here are guarded about their personal lives.

Money is the greatest taboo. People judge you more by how much money you've got than your sexual preferences, politics or religion. Try talking money/investment with extended (even close)family.

As you progress up the financial success ladder not only do you change your solicitors and accountants to cope with the increase in wealth and complexity but friends change too.

It doesn't matter what you post about what and where you are doing IP's as there are more good deals than we can handle. Moreover here's something to chew on; of the motivated people who attend investment seminars (a statistically small number) less than 1% actually apply what they have learnt. Of the people who buy investment books (again a small number) less than 10% read past the first chapter.

Doesn't tell you too much I know but it's a start.

Regards, MC

**This post has been edited after thinking about Sim's last post and questions about privacy/security issues:(

[JoannaK]

Originally posted by brains

Con: As previously posted by bribie,If you are looking to purchase properties you might like to keep queit as you dont want additional competition. But surely not everyone is looking in the same price range, in the same area with the same investing strategy so that would exlude a lot if not all the competition.


There have been a few instances on the old forum (before my time I've been told) where people have been open about good deals they are about to purchase only to have another forum member go and purchase it.

People don't always look for specific price ranges or areas, they simply look for a good deal that stacks up well, so this would include any area.

I've got no qualms discussing where current IPs are and where I'm currently looking for new opportunities, but I wouldn't be mentioning any specific deals until they're done.

As Michael said, money is a taboo topic, and people are judged more by how much money they have than anything else, and I would suggest that IP's are the same.

How many properties one has and in what areas they are is really of no consequence - more importantly is the strategy one adopts and whether or not they are reaching their goals.

[Glenn]

Hi Brains,

Did you ever go to hotcopper.com.au before it was closed down? It was full of people spreading possibly price sensitive information of dubious integrity about real and no so real companies....nothing like the community that has evolved since the Somers family created their first forum for property investors. After seeing both forums, I definitely see both points of view...I have friends that will not discuss with me how much they pay for property/structure finance/like to buy and I also have friends who will tell me everything about every deal they do.

Glenn

ps...Mt Lawley and West Perth ROCK!!

[tonyd]

Originally posted by Glenn

ps...Mt Lawley and West Perth ROCK!!

So that's where I should be looking!

:D

Tony

[Glenn]

Ahhh Tony.....I am but a Pup with anger! Long way from being a master, may never be a guru!

In the last 5 years, I have been lucky enough to meet 3 people that have become millionaires through long term property investment.....2 of them made it through purchasing 1 and 2 bedroom flats with the other going via commercial property but the common theme seems to be: buy as close to the beach or the cbd as possible and let the market move your mountain an inch every year rather than thrashing yourself to save a molehill in cash each year, never sell, fix rather than replace.

Glenn

[ocean view]

Point taken with the CONS: section Brains. thank you for your feed back again

What Bribie aka "ocean view" was guilty of in the previous post re(" ip's in qld") was not giving enough information. Being new to the forum I was not sure on how much is to much. There is also a factor yes I have property there "bribie island" & intend to purchase a lot more over the next 2 years. My purchase prices however range from $160k to $1mil. All types, but mainly land. I have purchased the odd home this year as well.
Doing pretty well on all factors exepted for rental return , but this will turn around in two years.

But ,,brains has asked the question why keep things a secret?
I surpose there is a number of reasons. Maily financial profit !! Due to Certern stages? u could go on & on. But reading the multitude of different types of investors on forum I guess it won't make much difference to ocean view. The great thing on investing we all have a choice on what to do & when to do it! It is part of the exitement.

I agree with Glenns? comment re buy" near water & CBD" it works for me.
Sorry for any anger caused from non disclosure on previous , will attend to that in future!

Cheers ocean view

[Sim]

I don't tell people details of my investments because it is none of their business !

I am happy to share concepts and generalities, but specifics are only shared with people who I trust.

This has nothing to do with ramping or with protecting my turf and everything to do with simple privacy.

[XBenX]

i wonder why everyone is debating this topic

each to their own (that goes for both this debate and whether you disclose details)

keep smiling :)

[Sim]

The reason the topic is debated is because people have differing expectations - as you can see brains admitted to not knowing what level of detail was "expected" by people when posting.

Some people expect privacy and get offended when people press for details - and of course some people give details freely and get offended when people don't give details themselves.

I think some tolerance is required - and some respect for people's privacy. Just because you don't care who knows what about your own details, don't assume that everyone else should not care either.

[XBenX]

Originally posted by Sim

I think some tolerance is required - and some respect for people's privacy. Just because you don't care who knows what about your own details, don't assume that everyone else should not care either.

um, thats what this is...

Originally posted by XBenX

each to their own (that goes for both this debate and whether you disclose details)

[Sim]

Originally posted by XBenX
um, thats what this is...

... and I was going to finish off my post by saying: "Each to their own". (ie. I was agreeing with you !) :p

[XBenX]

lol

I apologise again

Number of times XBenX has taken something in the wrong way today 99,849 (and rising as fast as the US's foreign debt)

[brains]

Great to see some feedback on this one.........

Michael, thanks for the dissertation on wealth, im doing just fine thanks, i dont think theres any problem with conspicuous consumption (i just sold my BMW, am looking for another and wear a $1500 Tag Heuer watch)

Some people justify being a tight **** with not being the ostentatious type, im not saying thats your style but ive seen it a lot of it and fair enough, each to their own.

But i think you missed the point of my question , i wasnt asking for specifics on peoples holdings or wealth, just generally, things like "i just picked up a great deal at so & so area, its a hot spot, have a look up there guys" I never see that sort of stuff on here and was wondering why.

Glenn,

I used to get on Hotcopper a fair bit and still visit Ozestock & Stockhouse now & then and yes, the posts are totally different with less of a how to (its already expected you know how to trade shares) and more info on specific shares, stuff like "QAN has huge buy market depth today, keep your eye on it" and lots of false info, but thats easy to sort out, just like it would be on here.

Anyway, thanks for the input.

[Sim]

Brains, one of the big differences with shares and property, is that it does not really matter all that much how many shares you as an individual investor own, or how many your friends own... generally a couple of individuals will not make all that much difference to the market - so telling someone else about a hot share is relatively harmless.

With property, there is a finite resource in a particular area. Individuals can make a difference ! If you were to go into an area where you can buy property at $40K showing a $100pw rental return, you might want to buy as many as you can. It won't take that long before you and other people (damn those wrappers ! :p ) have bought all the property and driven prices up significantly.

When there are millions of shares on offer, the impact of buying several thousand is minor compared to buying several houses in a market of only hundreds.

[brains]

Fair point Sim, but that doesnt stop posters on share forums trying to ramp up the price by constantly posting positive messages across all forums and the reverse for trying to push prices down, lots of day traders and the instos can have some effect.

Not to the same extent as property it must have some effect.

Dont know about you but i I know im not capable of buying whole suburbs of pos. cashflow property with 13% gross return, so if i find one i'll buy a few and then share with the forum.:)

[bbruham]

G'day All,

Doesn't matter one bit where these miserable people buy investment properties, they're just miserable *****s. Keeping all their information secret, counting all their assets nearly every night (Scrouges).
Miserable with their money and information. The amount of people
who read this website would amount to nothing compared to the amount of property buyers out there.
The locations investors buy is good for people not sure where to look when getting started.(And for us sticky-beaks)
When I started out I phoned the Somers to ask where would one go to invest in property,Ian Somers nearly had a stroke.
"The Wife" is another one who gives nothing away. Ask her about
where she buys etc and see what her reaction is.
As Glenns post said near the beaches and CBD.
I'm 150 metres from the water at Harbord beach, and 250 metres from the water at Dee Why beach.These are residential, I have one commercial at Chatswood ( Chatswood is a city with-in Sydney).These three properties have been valued at over one million dollars.
I live in a house( owned outright), at Narrabeen, near the beach.
If I can't afford investment properties near water then I won't
invest at all!

Bruce G.

Winners make it happen.
Losers let it happen.

[investor]

Originally posted by bbruham
G'day All,

Doesn't matter one bit where these miserable people buy investment properties, they're just miserable *****s. Keeping all their information secret, counting all their assets nearly every night (Scrouges).
Miserable with their money and information. The amount of people
who read this website would amount to nothing compared to the amount of property buyers out there.


Hi all

I'm with u 100% on this one bbruham I can't believe how secretive some of these guys are. I for one will tell u everything I know and if u learn something and r successful in a purchase I will be the first one to congratulate u. I get honestly happy when I hear that other people r successful especially if they have done what I have done and wish them all the best.

I will take u with me to an auction i'm interested in, and if u outbid me then more power to u. There will always be another good buy just around the corner.
I think what may play a role here is that we r in sydney and that we don't wrap properties at least I don't. Here in sydney i am interested in the eastern suburbs, anyone of those 10 or 12 suburbs will do me as long as it's a good buy. It's no secret that those areas r hot. U may be interested in the northern beaches good luck to u and i'm not gonna rush to chatswood anytime soon.

I think that guy that stole the sale of the other forumite is a bloody idiot.

All u wrappers out there u don't have to be so secretive to all the newbie wrappers, help them out a bit. Don't tell them about your best suburb or even your second best, tell them about your third or fourth best at least get the poor *******s started.
I'm sure if you have bought 20 or 30 IP's you have quite a few suburbs in your head.
I was in a forum I think mcnight's and a poor newbie had been to one of their courses or had bought a wrap pack and he asked on the forum which suburb he should start from because he was having trouble finding suitable properties. I was disgusted when I read the reply of those that sold him the pack.
" I can't tell u because then I will have hundreds of wrappers coming into my area "
Well tell him something !!!! I swear if new I would have told the poor ******* there and then.

For heavens sakes these 30 to 40K properties are a dime a dozen
;)

Anyways that my 2 cents worth

Regards

[geoffw]

Hey, I have seen guys pipped at the post because the told someone about where a property was. I don't really think that's fair. You do all your due diligence, and know the area and its values well. You've worked the area for three years to get a good iadea of the prices. You pay for inspections, and perhaps take off work to go to the auction. You mention in a forum that you're going to an auction for a property at Rivkin- and ten people on the forum, who know Shareville, all turn up for the auction. You're outbid by someone who does not have an idea of what the area is like, but because he considers you an expert, bids.

I have been to auctions mentioned in the forum. Not to bid, but to learn. Auction details were not given- but it wasn't rocket science. I learnt from the auction, and I appreciate the knowledge that those people shared. I've posted questions about the auction after it finished. But I think it's ethical for me to be just an observer in such a situation. And, by not being in competition with the person who generously posted the information, I feel I will have the chance to continue learning from that person.

This has certainly been my experience to date. I'm continuing to learn from people who have vastly more experience than me. And I do not want to cut off that channel by doing the wrong thing by them.

[Sim]

So what exactly is it that you frustrated folks want to have spelled out for you ?

There is no "magic" suburb. There is no "secret" location. All the secrets have been let out long ago. Jan Somers tells you exactly where to buy. So does Paul Clitheroe. So does most of the other property investment books I've ever read. They do not usually name suburbs - they name features. Work it out for yourself ! Which suburb was good yesterday is not necessarily as good tomorrow. What was a dump last week is a gold mine next week.

Do you want the gurus to hold your hanky while you blow your nose too ?

Or do you just want me to tell the whole world about the latest deal that I am negotiating on before I complete the deal ?

What is it you actually want ?

Do you want the passwords to my online banking accounts so you can see how I've structured things ? What's more, do you want me to post that information on the forum so that everyone can "learn" from that knowledge ? How much is enough for you ?

[investor]

Originally posted by Sim

Do you want the gurus to hold your hanky while you blow your nose too ?

Or do you just want me to tell the whole world about the latest deal that I am negotiating on before I complete the deal ?

What is it you actually want ?

Do you want the passwords to my online banking accounts so you can see how I've structured things ? What's more, do you want me to post that information on the forum so that everyone can "learn" from that knowledge ? How much is enough for you ?

he he

Hi Sim

I think there has been a misunderstanding here.

In the original post all brains was asking about is why there is so much secrecy in fellow forumites disclosing where their current IP's are located i.e already purchased location, area, possibly suburb

He was not asking about IP's which the forumites are in the process of, or are thinking about purchasing. I would certainly not disclose that info if I was still in negotiations. Nor was he asking how the forumites have structured things.

But if you ask me where my current IP's are I will tell u.

Then again that's up to the individual.

Regards

[Glenn]

I bought a flat 5 years ago close to the Perth CBD for some of the following reasons:

Close to nightclubs (cabs are cheap home)
Close to cafes (love a coffee and a chat)
Close to the city (shopping is easy)
Close to my work (hate travelling more than 15 minutes to work)
Close to a beautiful lake (love running - this is a great place for it)
Close to gym (200m walk is a good warm up)
Clost to pool (Perth summers are hot!)
Close to 2 Tafe campuses

It seemed (and was/still is) so good, I bought the place next door

If you look at any city in the world and look for features in a suburb/property that make it a spot nice to LIVE rather than thinking just of a nice place to INVEST, you will have no problems renting your property....people live in properties - not lifeless rent cheques.

I am not setting the world on fire, but have met my goals for the last 3 years now and intend meeting next year's by September 03.

Glenn

[brains]

Sim,

No need to get excited mate, we are not "frustrated folks" and i dont want (or need) your bank account details and/or your IP details.

You have already made your position clear on your privacy and thats cool, thats your thing, but not everyones.

I was just wondering why there is so much secrecy and paranoia on the forum.

Anyway, thanks for the input everyone and i hope we get some more points of view.

btw...i havnt seen one valid reason for the secrecy and paranoia yet;)

[Sim]

Originally posted by brains
btw...i havnt seen one valid reason for the secrecy and paranoia yet

Have you ever been stalked, embezzled, attacked or hacked ?

It is an unfortunate truth that there are people in the world who resent others who have been successful with their investments and have become financially independent. I know several people who have been put in very difficult and frightening situations because of their financial position.

The only real way to protect yourselves is to be very very careful about the details you share in a public forum. In private, it is a totally different manner - but not in public.

In some cases - the paranoia is simply about protecting your own family !

[Michael Croft]

Hi all,

One of the things I have found very profitable is to know specific areas and trends really well. An area may be 3 or 4 four adjoining suburbs. Invariably the prices in these suburbs will get out of sync and come back into balance over a 1 to 2 year period.

I'll use a specific example in Canberra, the suburbs are Garran, Hughes and Deakin. These suburbs are adjacent all are considered 'inner south' and over time maintain parity pricing.

In the last 4 property cycles have always Deakin and Garran boomed first with Hughes following on about a year latter. Saw it again in this cycle where the 3 bedroom BV home in Hughes went from 220k to 380k. Last cycle it went from 120k to 200k. If you put in sweat equity (aka reno) $180k to $420k was possible ;)

So the question is; knowing this what would you do? Of the 5 or 6 people(would be property investors) I told about this 2.5 years ago not a single one acted on the info. Each could have bought 2 or 3 houses and each would be about $500k + better off without it costing them a brass razoo.

There are examples like this for every capital city only the numbers change. Just ask the area agent where she thinks the undervalued suburb is and why. Check out her reasoning, look at the historical evidence, compare with current trends and make up your own mind.

And Brains congrats on getting rid of the BMW it was only a means of getting from A to B. As for the watch, it is but a tool which tells time. Before you get defensive I confess to having owned many expensive toys over the years - If you think cars consume money, try competitive long distance ocean racing as a hobby!

regards, MC

[brains]

Michael,

To you a watch is a thing that tells time and a car is a thing that gets from A to B. Thanks for that insight into your personality.

To me (and millions of others) a nice expensive watch or car is a beautifuil piece of european engineering, and a reward for years of hard work. And i happen to be a incurable car nut.

I intitially disagreed but Im starting to agree with bbruham re his post about miserable, tight people.

I have an (ex) friend who has a lot of money, the more money he made the tighter he got (in personality as well as financially), watching his bank balance rise and his friends and associates shrink was a fascinating experience. There's no great skill in getting rich by using tea bags 3 times over or having to go home every time its your shout at the pub....

Well, thats not me, my way is if i want to spend more money i just have to get out there and make more money.


And Sim, while i accept what youre saying and its an unfortunate fact of life i dont mind helping people if i can without the thought of being stalked or whatever in the back of my mind.

[Bill.L]

Sim
Online bank account password....thanks.
er.. sorry I seem to have misplaced your account number, could I have that to please? :D

bye

[Michael Croft]

Hi Brains and I'm sorry to upset your preconceptions.

I'm far from miserable and actually very happy with my life and could die tommorrow without regrets even though there is so much to live for.

As for being a car nut - been there done that. I have owned and enjoyed over 50 cars in my 25 years of driving - mostly European, fast and well engineered. I also raced and rallied cars in my extreme youth so I do appreciate a well engineer machine. I earn't the money for my first watch, an Omega Seamaster 300, in 1969 age 11 and I was very proud of it too.

Tight? Money is not important to me and never has been and that's why it's so easy to make and give away. Every year I donate hundreds of hours to non profit/charity orgs and money that most consider significant.

The fact that you confuse material possessions/money with happiness/success is not surprising given the culture in which we live. However it is the journey that is the reward not the toy at the end.

regards, MC

[Sim]

Originally posted by brains
And Sim, while i accept what youre saying and its an unfortunate fact of life i dont mind helping people if i can without the thought of being stalked or whatever in the back of my mind.

So that gets back to my actual question in my post - what information do you actually want ? How much is enough ? (and hence my sarcastic comment about the PIN numbers).

There are lots of people who post regularly on this forum offering all kinds of help and information. Yet people are still upset that not enough information is given !

I get the feeling that some people belittle the contributions of others - those who are "just miserable *****s" and those who supposedly keep "all their information secret".

So I ask yet again - what information do you actually want and how much is enough ? Give me details please.

[davids]

Guys,

I feel like I'm in the schoolyard watching the seniors square off!

So lets just have a little fun.

BTW EVERYONE knows the best engineered cars are the ones produced in AUS (ever heard of a Kingswood )

Davids:D :cool:

[brains]

"As for being a car nut - been there done that. I have owned and enjoyed over 50 cars in my 25 years of driving - mostly European, fast and well engineered. I also raced and rallied cars in my extreme youth so I do appreciate a well engineer machine. I earn't the money for my first watch, an Omega Seamaster 300, in 1969 age 11 and I was very proud of it too."

Funny how you mention all this only after my post, i thought a car to you was to get from A to B and a watch a thing only to tell time.


"The fact that you confuse material possessions/money with happiness/success is not surprising given the culture in which we live. However it is the journey that is the reward not the toy at the end."

For you maybe Michael, its not everyones reality.

Sim,

Its not content im after, its context:)

[Sim]

Originally posted by brains
Its not content im after, its context

Sorry - not sure I follow. Please explain ?

[Kevmeister]

Any intelligent person using these forums should firstly learn that *advice* given on these forums is caveat emptor.

In that capacity, whilst I have strong respect for everyone on these forums who presently hold IPs (I don't, yet), I still realise that my own due diligence is necessary, even if someone makes a recommendation on an area.

I think some people may choose not to disclose details of their IPs for fear of it being seen as boasting.

bbruham: your comment of "miserable *****s" is simply beligerent and does nothing to promote well-mannered discussion on this forum.

brains: you and Michael Croft seem to have opposite views on how you should each display or wear your wealth. I think you have said "each to their own" several times, but then you seem to keep casting subtle denigrations at MC.

sim: I understand your sentiment, but things like financial deception and embezzlement are more likely to be committed by person's known to you (in positions of trust) than not. Like your account or solicitor.

I think the nature of the forum is such that it's unlikely too much information ever comes out anyway. If someone has 50 IP's, I doubt they're gonna write a list of every property and its street address and post it to the forum. They might say "I invest predominantly in suburbs X/Y/Z, occasionally in A/B/C".

Is that really "giving too much away"?

Is telling someone that you structure your finances using a LOC secured against your IP's giving too much away?

Just say what you feel comfortable saying...

Now, where did Paul Clitheroe say the best place to buy was :-) ??? (or did he pick the Sydney Botanic Gardens like Jan).

[Michael Croft]

Apologises to all,

I agree with Davids's comments this does seem to have degenerated into a school yard 'mine is bigger than yours' discussion therefore I shall bow out.

take care, MC

[XBenX]

Originally posted by Kevmeister

Just say what you feel comfortable saying...



thats my opinion as well, I still dont know why this debate is going on - everyone should just get on with things and post as little or as much detail as they want :rolleyes:

[investor]

Hi everybody

Brains I think you are being a bit unfair to Michael. I understand what MC is saying. He has reached a level in his life where expensive material possessions don't appeal anymore. Only the fact that he could have pretty much anything he desires is enough to satisfy him.
I have not reached that level in my life yet as I too am a car nut (12sec quater miles etc etc) however since the birth of my baby girl and since settling down abit material possessions are becoming less and less important to me as well.

By the way I haven't worn a watch for 3 years now. Everywhere I go there seems to be a clock in front of me. Most of the "times" I don't even want to know what time it is.:cool: :cool:

Regards

[XBenX]

I dont by any stretch of the imagination mean you HAVE to stop - if you feel the discussion is worthwhile then by all means continue

(just to clarify my last post)

PS this forum has the largest number personal attacks Ive ever come across (it seems ppl think they need to justify everything that they do/or have done/or have/will become, perhaps some insecurity here ?)

just relax ppl - I thought this forum was about sharing information about property investment rather than how successful you have been doing it.

[Castle]

Its my understanding that this forum is designed to help and educate others in the property investement game.
Therefore why not share specifics in regards to where and why to buy.:)

[brains]

Sim,

See my post, #14

[Aceyducey]

Personally, I think it's up to the individual how much information they give out.

It is a privilege to read the stories and receive advice from experienced investors & related professionals. It is NOT a right.

Remember also that this is a public forum. It is possible for non-investors to review the posts and potentially possible for criminals to work out where individuals live & how wealthy they are...under these conditions it is only right to be careful about the information anyone provides on this forum.

If you feel that more experienced people, who freely give their time to answer questions on this forum for no material return, are holding out on you, then go somewhere else.

Or alternatively, pay to attend a seminar where a speaker reveals all about their investment strategies and how they applied them. At least here the speaker is rewarded for their time.

Cheers,

Aceyducey

[Sim]

Originally posted by brains
"i just picked up a great deal at so & so area, its a hot spot, have a look up there guys" I never see that sort of stuff on here and was wondering why.

So what makes an area "hot" ?

[Sim]

Originally posted by Castle
Therefore why not share specifics in regards to where and why to buy.

Because "where" is a moving target - what worked in the past is not necessarily going to work again in the future. It is also dependent on where you are at, what your goals are, what your financial position is, what the vendors of a particular property are willing to do, etc etc.

Most people will find it more valueable to learn "how" to buy - how to identify those areas which are going to be good to invest in, how to identify a potentially good investment, how to look for a motivated vendor. It is this stuff that I was referring to earlier that Jan and Paul have outlined in their books - how to identify an area which is good.

Telling someone to stick their fishing rod in the water from this rock isn't going to get them very far in the long term - explaining how to identify which rocks would be good spots to try fishing from is going to get them much further.

[bbruham]

G'day all,

Thankyou Michael Croft, you just told the newbees the type of location we were mentioning. Now the newbees can grab their
street directories and figure out how you do it.
Never give an area before the auction.
If you ask anyone on this forum where did you buy an investment property? Most will tell you. I asked Jude H. about her three investments in one year in Melbourne. Jude appeared on TVs A Current Affair programme. Jude told us all, on the forum.
I don't know Melbourne suburbs that well, so I got out the UBD
and had a sticky. Didn't do me any good, except I now know. some of us folk "need to know".
I'm going to the Sunshine Coast in February for a holiday, but I'm also looking for beach side investments.
Someone I struck along the way, mentioned the suburbs of Mudjimba and Marcoola.
I don't know anything about these suburbs, though I will before
I put my hand into my pocket. If I do.
This is what I think this forum is all about.
INFORMATION. And It's great!!!!

Bruce G.

[brains]

I think this controversial cow has been milked to exhaustion and therefore it might be prudent to let it die a natural death.

Just a couple of points first :


Id like to thank all contributors, positive & negative, for forwarding their point of view, controversial or otherwise.

Being controversial has never worried me as has asking the "hard" questions, so there might be a couple more in the future........oh no!!!

I find this type of debate stimulating, entertaining and educational
and maybe we can all benefit from the open & honest posts in resonse to my question.

The true meaning of my question got a bit skewed and it turned into a personal thing (apologies Michael, Sim), i think either i didnt ask the question succintly enough or emotion got the better of the respondents, or both.

I have been investing in property for only 7 months and i am exchanging contracts (NSW) on my 6th IP in that time today and will reach my goal of 10 in my first year and 10 per year for the next 3 years.

The point i am making here is that i dont need to pick peoples brains as to the exact location of their IPs or their net worth or whatever. It just might have come across that way.

I have always thought the business world was secretive, I still believe the IP world is more so, but if thats the nature of the beast, so be it, i can live with that.

If i can assist anyone (especially newbies, cause im no IP guru) with specific details or whatever and if they can benefit from that , i will.

Anyway, im off to Byron Bay for a couple of weeks on Sunday so id like to wish everyone on the forum a merry christmas and a safe & prosperous new year.


Wayne

[Jas]

Originally posted by Sim
Telling someone to stick their fishing rod in the water from this rock isn't going to get them very far in the long term - explaining how to identify which rocks would be good spots to try fishing from is going to get them much further.


Now is a good time to stick in this thread. Pay attention to the message from The Wife

http://www.somersoft.com/forums/showthread.php?threadid=859

Jas

[asy]

Exceptionally well said Jas, (And TW...)

By the way, TW, we miss you...

asy :D

[JoannaK]

Yes...where has she disappeared to???

[Kevmeister]

She might have gone fishing ...

[see_change]

She has gone fishing , in a different pond.

She welcomes people into her pond. Some people have a look in and because they don't see an instant answer move on looking for a different pond with instant answers and prepackaged fish .

There are a group who go to her pond an a regular basis and are meeting likeminded people and are gradually building up networks of people who will travel with them on their way to catching bigger and bigger fish.

Somedays there's nothing to catch and it's quiet , or maybe things arn't as organised as they could be ( someone left the bait at home ...)

but sooner or later there are fish to catch..

and people who tell you where to fish.....

see change

[Robert]

Originally posted by see_change
She has gone fishing , in a different pond.

She welcomes people into her pond. Some people have a look in and because they don't see an instant answer move on looking for a different pond with instant answers and prepackaged fish .

There are a group who go to her pond an a regular basis and are meeting likeminded people and are gradually building up networks of people who will travel with them on their way to catching bigger and bigger fish.

Somedays there's nothing to catch and it's quiet , or maybe things arn't as organised as they could be ( someone left the bait at home ...)

but sooner or later there are fish to catch..

and people who tell you where to fish.....

see change

Hi See Change

It's been a long time since I've read a quality post like this. It's magnificently written and greatly explanitory.

I have forwarded the post to The Wife for her to have a read.

Cheers
Robert