Sooooooo, I changed my username from SS, and I guess what it was is not that important but my story is probably a little different to many of the others migrating over and a new name gives a new start. I started out in resi property around 2000/1 when 10% returns were pretty common in larger regional areas. Over the next 2 years we (me and two mates/ me and the wife) had managed to buy 5 or 6 houses and 3 blocks of land facing the waterfront. About this time Mrs Trigger decided it was time to decamp from Sydney and return to the regional city we grew up in. Transferring with work wasn't an option so as a high flying MBAI figured buying a business was the way to go. We divested the “me and two mates” properties. Long story short, bought a pub marriage split up, sold remaining properties to pay out ex-wife, I kept the business met a lovely new lady 3 years later went all in and bought the pub freehold for $2M with help from parents Running a pub was never my dream job but it was certainly different. We did some major renovations which led to a rebranding and then there was this little thing called GFC and Kochie was telling everyone to eat home. We got really crunched there and burnt through a tonne of cash from everyone we could get it from - $25k a week was our nut just to keep rolling so it doesn't take too many bad weeks to get into dramas. Our particular “drama” was getting behind on our mortgage - pretty dumb stuff but we had tapped out every source of funds we had. We got straight, cleared out all our supplier arrears and we started whittling down the arrears (3 months) bit by bit until as a birthday present for me the bank sent in receivers. Getting legal advice and finance advice was a nightmare - the sniff of desperation must have been in the air as everyone had their hands out for "fees". After finding out our "lawyer" hadn't even been corresponding with the bank we had to get a new lawyer - 1 year down the drain. I started reading up and learning about famous cases such as Amadio where the little man won against the bank. Back and forth, back and forth, another year down, bank still chasing us. Eventually we end up in mediation with the bank. They tell us they sold the freehold and business for 40% of what they valued it at when they lent us the money, and they also provided the finance for the new purchaser. With receivers fees for a year or so they still wanted well over $2M to settle. Eventually we struck a deal that meant the parents kept their property and we kept our PPOR and would pay them cash – if we could get enough in a loan against the PPOR. Considering the state of our credit reports our broker did a great job (not a Somersoft broker) and 3 years after the nightmare began it was pretty much over. So since deciding I was a great business entrepreneur in the making I was probably down $1M. Humble pie anyone? Next steps? Well salvaging something was a pretty good result considering where it could have ended up. Our credit files are almost clean – we’ve paid out most things so far. We still have some blocks of land in a popular area we’d like to build on and personally, I’m halfway through a law degree (aged 41) – after the issues we had with lawyers, banks and brokers I think this is an area I can help people in the future having seen the other side of the fence. So there you have my “investing” journey over the past 15 years.