On the hunt again

Dazz said:
It's highly unlikely that we shall purchase anything ever again.

Time to jump off the property buying treadmill.
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Reading an old thread of James yesterday and found this post, just shows you can't trust a smiling crocodile after all.:D

Interesting in that thread Dazz started by declaring himself as "retired" and months later as "working for himself", the recent purchases suggest the second option is probably more accurate as hard under 40 to just collect the rent without the occasional hunt and associated adrenalin rush.

Also shows that buying urge is hard to resist even when u don't really need it but the thrill of the hunt is addictive.
 
Bigtone said:
hard under 40 to just collect the rent without the occasional hunt and associated adrenalin rush
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In his dreams! :p (I'm about six days younger. :cool:)
Dazz said:
Of course, being married and with a bunch of kids who like hanging around their old man, they don't want me to go for such a long time.
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Aw shucks, well bring them along, then! Get 'em a Harley each. :D
Dazz said:
I'd love to do a trip around the capital cities and perhaps give a brief chat to the SS crew in each state of how we do what we do.
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Can I be in charge of organising the tour t-shirts? I think magenta would be noice...
 
A post you wrote here in 2006:

If I ever get the chance I really should write a nitty gritty 'how to' book on our industrial successes and our commercial attempts that ended in non-starters. My biggest blocker at the moment is time - lack thereof - currently supervising the drilling of oil wells off the coast of WA.....it takes a bit of time and effort managing an operation costing the company $ 500 / minute.....for weeks on end.

Anyway, let's see what happens in the new year....might call it something like "Tales from the industrial property trenches - what not to do"

No sounds to me like you're off those oil wells. I can lend you a pencil.
 
Dazz said:
Of course, being married and with a bunch of kids who like hanging around their old man, they don't want me to go for such a long time.


I'd love to do a trip around the capital cities and perhaps give a brief chat to the SS crew in each state of how we do what we do. Only trouble is I wouldn't be there in a suit and tie.....people would have to get used to a big fat, hairy, smelly bloke who doesn't use polite English. Certainly not your usual polished slick presenter type.
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Crikies Dazz, next you'll be renewing your vows in Antarctica and trimming your mo. :rolleyes: Just do it! My husband and I have often left the kids - but mostly at differtent times. I think it's great for their growth to realise they can survive for a time without both. Often I've gone over east for a couple of weeks, or hubby has gone North - bush, with his dad mustering. Last adventure they went to Tassie for 3.5 wks with their Nan to visit their cousins. They adapt better than you'd think.
 
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Dazz said:
Yes, we are mildly pleased with it. The respective family members have taken minor equity positions to come along for the ride again, like they did with the Sydney office earlier.
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Dazz

2 questions...

1. With this purchase are you setting up a trust or a company or a joint venture with your family members?


2. and is this purchase structure separate to the last family purchase?

If you are coming to Brissy to catch up with SS members count me in...


Thanks
Sheryn
 
Bigtone said:
Also shows that buying urge is hard to resist even when u don't really need it but the thrill of the hunt is addictive.
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Jaaaeesus.....tough gig. I'm getting clobbered around the head with stuff I wrote up to 4 years ago.

Is that nonsense still admissible your honour ??

Yeah, the hunt bit is good.....but the ongoing cash pouring into the pocket is mildly useful as well. When I walk past a joint like this, all I see is a cash bowser where I can pull up and fill my boots every week for free.

Why wouldn't I ?? Only takes a wee bit to set up, and forever after there is a very small amount of ongoing work to do.

I'm not so precious that I won't bend down to pick up a dollar.
 
I can lend you a pencil.
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No doubt. :rolleyes:


Unfortunately I've gone the way of the dodo bird, and the author in me gave it away as a bad joke. My knowledge base which earns me a modest sum reduced to a scabby book which flounders forlornly on a second hand book shop shelf for $ 4.95.....or worse still, gets flogged around the internet in the form of an e-book for free....hmmmm.....no thanks.


There's far larger barracuda swimming these waters with decades of experience on me. I've quietly noticed none of them write a book.


I don't particularly like the normal Aussie trait which I've heard on numerous occassions at seminars of "Yeah, well if he was any good, he wouldn't need to flog some stupid book for $ 29.95 or stand up there and charge us $ 49 to come to some dodgy seminar. Why doesn't he just go out there and do it himself. Nahhh, don't believe a word he says, he's full of ****."


I think I'll take that gentlemen's advice and travel the same route as the older guys before me, and just stay out here doing it myself, and not be exposed to any of that rubbish.
 
INVSTOR said:
Crikies Dazz, next you'll be renewing your vows in Antartica and trimming your mo.
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Yep - all true points.

If I ever get to the stage that my spelling gets as bad as his, well, just finish me off quickly but kindly.

Raised it last night at a party with the extended family and it took all of about 0.2 seconds for it to be howled down as a complete nonsense by all and sundry. There is a tad of resistance there.
 
Dazz said:
After all costs, all interest and all payments, free rent pouring into our pockets will be 10K per week for the next 10 years. That's fair enough for sitting on my bum doing nothing.
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Niced work; you're playing my song - cashflow.

If you don't mind divulging, or if you don't mind to PM me if this is too public; what sort of purchase price are we looking at for a return like this?

I have not done any comm as yet, and I've heard tell that it's pretty much a waste of time unless yer up over the $.5mill range.

I'm happy to go at this level, but obviously the real cream is on a bigger playing field, so some clues on what level to look at would be handy.

And finally, where did you find this gem Dazz? I wouldn't think it would be yer average corner branch of Century 21 r/e agency.
 
If I ever get to the stage that my spelling gets as bad as his
who's the his
any chance of giving the net net return
so return after all costs paid
I only come here every so often now so may have missed a bit
I hope you well on this deal but there are a few around at the moment
I have a 11mil with a 10% net net return comm thats 2 storey now is about to be gazetted to a 15 storey site which take it value way over price
now do you buy it.
only if you have a lender on it and thats the problem
yes you could say just buy with your own money
true
but profit on profit for me is the way to go
there are alot of deals around its just a numbers game
I would like net net return
and bracket
so is it a 100k
1mil 10 mil 100mil where does it site
as the net returns start to reduce the higher you go
if you do wish to tell thats fine
I wouldn't
but if you never ask you never know
hope you do well.
I don't wish to ask a funny queston but will ask it anyway because thats me
how come if you ask to cancel dazz and then start another name( which I did not understand in the first place) how do you come back as the person that wanted to stop comming back.
most people would not ask this question because they are a bit more sensitive then me.
for me if I do some thing I just do itand I never understand why people ask to be barred or stop me doing this or that
and for me you are different as you have come back not as a new name ( which I think is a bit silly like him or hate him there is only one grossrealisation) but back as the old name.
I am just trying to get my head around it
by all means just post get st-ffed if you wish and there is no problem for me
just trying to see why you would ask to leave come back as someone else or new name and then back as yourself
if it is as I think it was that you got alot of flak on some thing
well welcombe to the kitchen don't like the heat stay out
I dont see a time soon that I will change gross don't care what people post
put thats me
would be interested in your views dazz
ps why are you not back as a mod as well your back as a member not a mod
( I am not a great lover of the mods as alot of my post seem to go to the bin )but why are you not back as a mod for me you have 1 vote to have you back as a mod
 
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BayView said:
Niced work; you're playing my song - cashflow.

If you don't mind divulging, or if you don't mind to PM me if this is too public; what sort of purchase price are we looking at for a return like this?

I have not done any comm as yet, and I've heard tell that it's pretty much a waste of time unless yer up over the $.5mill range.

I'm happy to go at this level, but obviously the real cream is on a bigger playing field, so some clues on what level to look at would be handy.

And finally, where did you find this gem Dazz? I wouldn't think it would be yer average corner branch of Century 21 r/e agency.
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Under 500k in my experience of looking for property, their is hardly anything out their. I did have a good look @ a bunch of shops and residential units in st marys (nsw) which i think will still be on real commercial. But wasn't really worth it in the end.

Agents don't really wanna keep you on the books to show properties because the commission isn't big enuff, you are dealing with johnny bananas as a tenant.

But it can be done their is 1 or 2 people on this forum that i have spoke to with comm properties in the sub 500k price bracket and they have done well.

Dazz said he found the property online
 
Dazz said:
No doubt. :rolleyes:


Unfortunately I've gone the way of the dodo bird, and the author in me gave it away as a bad joke. My knowledge base which earns me a modest sum reduced to a scabby book which flounders forlornly on a second hand book shop shelf for $ 4.95.....or worse still, gets flogged around the internet in the form of an e-book for free....hmmmm.....no thanks.


There's far larger barracuda swimming these waters with decades of experience on me. I've quietly noticed none of them write a book.


I don't particularly like the normal Aussie trait which I've heard on numerous occassions at seminars of "Yeah, well if he was any good, he wouldn't need to flog some stupid book for $ 29.95 or stand up there and charge us $ 49 to come to some dodgy seminar. Why doesn't he just go out there and do it himself. Nahhh, don't believe a word he says, he's full of ****."


I think I'll take that gentlemen's advice and travel the same route as the older guys before me, and just stay out here doing it myself, and not be exposed to any of that rubbish.
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Its interesting Dazz, the best 'books' i have read on investment, werent written for a profit motive at all. The people were self made, they had a wish to impart knowledge thats it, any profit is just a side line and i dont think they even saw the figures. None of them have any after sales 'seminar' services.

A few that come to mind:
"the intelligent investor" and "securities analysis" by benjamin graham
Common stocks and uncommon profits: Philip A Fisher
Contrarian Investment Strategies: David Dreman
One up on wall street: Peter Lynch

Jan Sommers books, for the property fans here.

You are still young Dazz, with a long and interesting journey ahead of you.
Fast forward 20 years and you might think differently (why do i think this maybe the case, because you are still on this forum, even though your knowledge base in your area of expertise (and wealth) mean that this forum is not here for you to 'learn from' or trade ideas.

This forum serves two purposes for you:
(a) at least you can 'chat here', try talking to your next door neighbour about your exploits.
(b) in your own sarcastic way you try to impart knowledge.
 
Ridin-High said:
Under 500k in my experience of looking for property, their is hardly anything out their. I did have a good look @ a bunch of shops and residential units in st marys (nsw) which i think will still be on real commercial. But wasn't really worth it in the end.

Agents don't really wanna keep you on the books to show properties because the commission isn't big enuff, you are dealing with johnny bananas as a tenant.

But it can be done their is 1 or 2 people on this forum that i have spoke to with comm properties in the sub 500k price bracket and they have done well.

Dazz said he found the property online
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I think you misread my posr RH; I was thinking you need to go above $500k.
 
BayView said:
I think you misread my posr RH; I was thinking you need to go above $500k.
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I agree. If you want a tenant who is more recession proof, like a multi-national, they're more than likely to need a lot more than 500m2 in the burbs.

In Brisbane it is scarey how many 'for lease' signs there are on reasonably located industrial/commercial sheds up to 1500m2. Less so on retail.

I wouldn't even consider a bank branch like this, because I think banks are unpredictable in their suburban retail presence strategy. Current owner isn't even grossing 8% on what he paid in 2003. today's land value is 51% on 2003 price. I've seen vacated bank branches sit vacant for 18mths.

I am courting an insurance company that wants to relocate to the Brisbane cbd. an ideal tenant. lots of recession resistance and stable as. Though has to be a JV.
 
you have to be careful what and how you buy comm
lease can be walked away from and the lease is the most important part of the deal
I have seen alot of comm that we have looked at vacant at the moment where the tennant has just walked
that includes a government dept
and a chain
and all because the lease had a hole in it
comm is not for everyone thats why I don't recommemend direct investing in it
if you do it as a group then you can reduce or change the design for a new tennant
have fun
 
grossreal said:
you have to be careful what and how you buy comm
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for our first dunk into cbd comm, I'd use a specialist lawyer of reputation to negotiate the contract, and consult with at least one other.

If I wanted a contract with wobbly wheels, to travel a road of potholes, I'd stick with resi.
 
grossreal said:
you have to be careful what and how you buy comm
lease can be walked away from and the lease is the most important part of the deal
I have seen alot of comm that we have looked at vacant at the moment where the tennant has just walked
that includes a government dept
and a chain
and all because the lease had a hole in it
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Hi GR

The lease seems to be the only part of the deal:eek:;)

What sort of holes? Could you eleborate?

Cheers
 
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