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Badly burned by investing

Discussion in 'Introductions' started by Bounce, 15th Jun, 2016.

  1. Bounce

    Bounce Well-Known Member

    Joined:
    15th Jun, 2016
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    52
    Location:
    Brisbane
    Hi everyone, I am another long time lurker on SS and Prop. Chat and have finally decided to open up about my experience with investing. I am mid 40's although look much younger;) and have lost everything including my marriage due to bad investing choices, :oops: still luckily I am a positive person, so don't believe in being dragged down by the bad experiences i have had.......life will go on and I'm sure it will be awesome:D just wanted people to be aware of how wrong things can go with bad advice from people who shouldn't be giving advice:mad: look forward to chatting..........
     
  2. datto

    datto Well-Known Member

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    23rd Jun, 2015
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    Location:
    Mt Druuiitt
    So, what happened?

    Anything we should be wary of?
     
    legallyblonde likes this.
  3. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    18th Jun, 2015
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    Location:
    Perth WA
    You certainly aren't alone there - there are a few similar stories around here.

    Let me guess - mining towns?
     
    DiligentPM likes this.
  4. Mick Butterfield

    Mick Butterfield Well-Known Member

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    15th Jan, 2016
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    Location:
    Bermagui NSW
    Welcome. Hopefully there can be a new and exciting chapter in the near future for you mate.
     
    DiligentPM likes this.
  5. Bounce

    Bounce Well-Known Member

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    No nothing but inexperience and putting trust in a mortgage broker who is a very seasoned investor.
     
  6. Biz

    Biz Well-Known Member

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    Come on mate, spill your guts so we can give you a paddling. It's the PC way.
     
    legallyblonde and jim1964 like this.
  7. Bounce

    Bounce Well-Known Member

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    Yes Jess......mining, OTP unit and house/land!!
     
    DiligentPM likes this.
  8. HUGH72

    HUGH72 Well-Known Member

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    Location:
    FNQ
    Gladstone, Emerald,Chincilla ,Dalby or Moranbah?
     
  9. Bounce

    Bounce Well-Known Member

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    So many wrong decisions that led to this outcome, as I said to Jess we bought new as we thought that would be best maintainance/tax wise etc but paid too much and lost everything we have worked for
     
  10. Bounce

    Bounce Well-Known Member

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    Location:
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    1 Gladstone which we sold last year for about $100k less than we paid...1 still in Dysart...no tenant and only good move is 1st investment in Brisbane.
     
  11. Tony Fleming

    Tony Fleming Well-Known Member Business Member

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    Sydney
    Sorry to hear :( Perfect opportunity to turn it all around and kickass. Your positive attitude will certainly help
     
    ellejay, wylie, Leo2413 and 1 other person like this.
  12. Bounce

    Bounce Well-Known Member

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    Thanks Mick......There is only one way from down here
     
    WattleIdo likes this.
  13. monalisa

    monalisa Well-Known Member Premium Member

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    Sydney
    Hi @Bounce
    Welcome to PC! Sorry to hear about your real estate experiences.
    You have an excellent attitude!
     
  14. Bounce

    Bounce Well-Known Member

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    Location:
    Brisbane
    Thanks Dark Night, I think everything happens for a reason (yet to figure out the reason) Despite everything I know that property done the right way is still the way to go.
     
  15. The Y-man

    The Y-man Moderator Staff Member

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    If we need to be wary of this, should we put our trust in a broker who is NOT a seasoned investor? :confused:

    The Y-man
     
  16. Bounce

    Bounce Well-Known Member

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    Thanks Monalisa
     
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  17. Bounce

    Bounce Well-Known Member

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    No problem if you know exactly what your goals are.
     
  18. chindonly

    chindonly Well-Known Member

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    Thanks for being open Bounce. Expensive lessons, but they will never be forgotten!
     
  19. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    14th Jun, 2015
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    Location:
    Sydney & Adelaide
    Welcome @Bounce I and many others look forward to learning from you and hopefully your knowledge and experience will help others with their investment journey
     
  20. Bounce

    Bounce Well-Known Member

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    Location:
    Brisbane
    Very expensive emotionally and financially!:(