Thank you one and all for the interest in the thread topic and kind words.
It was a struggle behind the scenes to achieve the result we eventually achieved, and required intense scrutiny of the wording of the Lease. Thankfully the chaps who wrote the Lease did a good job getting the Tenant to sign it.
Yes ffc, you are very astute, the prospect of being a simple rent collector is very appealing to both the wife and I. My wife is very conservative, and didn't like the idea much of LOE, even if it required only a very small growth percentage for it to work. Now the rents are in place, we don't need to consider chewing equity.
It has dawned on me that equity and capital are the things that simply make you wealthy, but it's the cashflow that allows you to sleep easy at night, and ultimately provides you with the freedom of lifestyle. This for us has now taken over as the prime concern.
The equity can tick along or drop, but having that stream of cash continually flowing through allows you some very attractive choices. Having an extra zero on the end of your net wealth doesn't help much if you are still tied to a job that you don't like, have to put up with being pushed around and have to get up to attend a BS meeting over a subject you have no interest in. This of course, pre-supposes that you do not sell any of your assets.
The book.....yes the book....well Lynn, it is on the list of goals to achieve this year. I had four goals this year, two of which have been achieved - goal weight and giving up the job.
The book thing has been on the goals list for the past 3 years, but I wasn't serious. Seeing as though I only have two goals left for the year - go on a decadent holiday and write the book - I reckon it might get a good shaking this year. I went through the airport newsagency just recently and despite there being about 30 or 40 different real estate offerings, most were very stale and were targeted at the FHB's and people trying to pay off their credit card debts.
There was absolutely nothing about advanced techniques for people with 3 or 4 houses under their belt looking for something a bit more juicy to increase their cashflows. I can see a gaping hole there and have plans to fill it.
What I need to do is stop pecking away at this forum and start to write the nitty gritty stuff that fills the chasm between "a decent property story" and "getting signatures on paper". The biggest thing that holds me back is that I know plenty of big fish in the pond that I swim in who could buy and sell me many times over, and it would be embarrassing to have them read my book, as I am an amateur to some of these 60 yr olds who own buku worth of property.
The big difference is that they have absolutely no interest in showing anyone what they know, especially not for $ 29.95 !! Ha. Of course, the great majority of poppy cutters in Oz - and there are plenty here on this forum - always love to stand up the back of the crowd, offering nothing themselves, but love to criticise anything anybody else does, and usually come up with the old line of "If he was any good, why isn't he out there doing the big deals, instead of teaching us and trying to charge us $ 1,000 for a weekend course. He's a phoney, they all are."
So far, I've been happy to stay "out there" doing the big deals.
Many people reckon that there is no money in books, and it is simply a good lead in, to get your ugly mug out there in the public eye so you can spin other merchandise products. Trouble is, I don't have anything to sell, and have zero desire to go down that path. Before you know it, the self righteous zealots who don't own any property have you in their sights ready to shoot you down. I have no interest in that either.
If you haven't guessed yet, I'm confused as all hell where exactly this is all leading. I got into PI in the first place to replace my job's income. Now that has been achieved, I'm a tad lost to tell you the truth !!