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  • Profile photo of Anthony1Anthony1
    Participant
    @anthony1
    Join Date: 2003
    Post Count: 4
    September 9, 2003 - 2:31 am

    Dianne,

    Was wondering whether you have contact details for Bill Zheng?

    Profile photo of Anthony1Anthony1
    Participant
    @anthony1
    Join Date: 2003
    Post Count: 4
    September 4, 2003 - 2:20 am

    The 11 sewcond rule is onr that Steve McKnight refers to in “From 0 to 130 Properties in 3.5 years” pp30-32. He uses this rule as a filter to farm out properties that return approx 10% gross return on investment.

    (1)Likely rent divided by 2
    (2) Multiply (1)by 1000
    (3) Compare price to asking price.
    The price ascertained at (3) will give you approx 10% Gross ROI. If the asking price is lower than (3) then you are looking at good investment.

    In todays market though is this applicable?

    Profile photo of Anthony1Anthony1
    Participant
    @anthony1
    Join Date: 2003
    Post Count: 4
    September 3, 2003 - 11:30 pm
    Quote:
    Dianne,
    Do you know how one could contact Bill Zheng or whether he has an offic in Melbourne?
    Profile photo of Anthony1Anthony1
    Participant
    @anthony1
    Join Date: 2003
    Post Count: 4
    September 3, 2003 - 11:27 pm

    quote:

    Steve,

    I’ll answer your questions more fully tomorrow, just have time for a quick browse at the moment. Actually, I’d rather not be too specific on some items publically, so if you would like the unvarnished truth do you have a less public email address?

    Dianne

    “Make a decision, take the risk, pay the price, or reap the rewards”

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