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Me either. But i'm not sure its about being brave. Maybe more about what you expect from your property investing. I wont accept 10+ years of no growth, regardless of yield.

Possibly yes and the fact they are claiming 'results' just from the fact they are buying these places. How can the purchase be a result? I bought 5 houses on the outskirts of Brisbane in 2001. The results have been nothing short of spectacular since then. Only becasue i bought them at the...

You must be talking about Elizabeth etc. Of course i would. And i bet the yield would have been huge at the time. But you are speaking with 15 years hindsight and you can see the 'results' since then. You wouldn't have been able to claim the 600% appreciation a week after buying them as a...

Buying run down cheap properties in dud areas is not results. Results is how they perform in the future, not just buying them. Anyone can do that. These properties will not have any decent cap growth for a loooong time. There's a reason why anything is able to be bought cheap and property is no...

Thats a funny reply coming from you sparky. :eek: I know what the situation is. Lets just see how it turns out. As they say, the proof will be in the pudding.

Sorry guys, am i missing something here. I could go out this week and buy 10 dodgy properties in non descript areas and feel great about it. Then in a year or 2 we could be in the middle of a recession, in a huge post FHBG slump, 9% interest rates, 10% unemplyment yada yada and then what...

All i'm saying is that no wealth has been created yet. People should stop patting themselves on the back until things are proven and profiable. The place could be a termite right off, Non recourse's predictions could be right (or even half right). If you've been investing for a while you...

Naysayers...nayasayers.....no wealth has been created as yet and Nathan isnt wealthy. Most of the so called "naysayers" on here already have the runs on the board, been investing for more than half an hour and are reasonably wealthy. Big difference between gonna be wealthy and already there...