Ali-G replied to the topic Time rich, money poor! in the forum Creative Investing 20 years, 10 months ago
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Hay Peter, Dont listen to milkman’s narky comments.I havent hurd of such a thing, but that dosnt mean there is’t such a thing.
Im currently half through Steve’s book. You did say you where unemployed, I would probably look for a job then look for property in my spare time.
It should only take you about 30 min a day to find a great deal……[Read more]
Ali-G replied to the topic A couple of questions in the forum Help Needed! 20 years, 10 months ago
The 11 second rule is,
When you’re purchasing a property, you work out the rent it will produce then divide it by 2, and then times the result by 1000, the answer should be roughly the purchases price of the property.
E.g.:
Purchases price = $70,000
Rent income = $150 / 2 = $75.00So if the property price is on or less than the purchased it i…[Read more]