All Topics / Heads Up! / ‘The 11 second solution’

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  • Profile photo of Johnny2Johnny2
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    @johnny2
    Join Date: 2003
    Post Count: 1
    November 23, 2003 - 5:14 am

    The properties which I found don’t match with this formula. Could someone explain it?

    Johnny

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844
    November 23, 2003 - 8:43 am

    Hi Johnny,

    Welcome to Property Investing, ok how the 11 second solution work is.

    Divide the weekly rent by 2, times by 1000 and the result will give a purchase price to aim and not exceed.

    eg.

    Rent = ($150 a week divide by 2) x 1000 = $75k The property you are looking at should be no more than $75k,

    hope this helps

    cheers
    s.i.s

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