Forum Replies Created
One BIG error in your calculations. [
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You have to divide the weekly rent by 2 prior to multiplying by 1000.Therefore.
$351 per week / 2 = $175
$175 x 1000 = $175,000Doesn’t actually fit 11 second solution. [
] But don’t automatically write it off. Look at other options. Also remember, that the calculations are on the price the vendor wants to see for – you might be able to decrease the sale price….[]Keep on trying…. that’s what I’m doing.
Hey Pinky…… Rugby World Cup.
Utt Ohhh. Lots more footy to come.[
]Enjoy the coming weeks[
]So true wayneL.
I had that in my initial post, but somehow deleted it[]I’m sure overseas investing isn’t as simplistic as it might initially sound. Although I’d be happy to be proven wrong…. might even encourage me to get involved.[
]Ahhh, Rugby……… Go the WALLABIES!![
]I have seen some Commercial Property which easily accounts for the 11 second solution. Another great aspect to Commercial Property, as Steve describes in his book, is that the outgoings are frequently paid for by the tenant.[
]Unfortunately, I’m still too poor in absolute terms to afford the deposit. Most of the truly lucrative deals (i.e. 30%+ CoCR) I have seen have been in the low $1-million range. [
]Good luck though…….
Great going poor student…… I actually bought my first property whilst a full-time student with the help of my parents. If they can help you or co-sign the mortgage you could certainly jump into the market.
By the way, GREAT job with finding the properties in the first place. It’s getting harder and harder….. I’ve been looking solidly for a month now and can’t seem to find any in my target area. Will have to look further afield. Maybe Cooma…..[
]All the best with your aspirations.
I have to agree. I bought my own residential unit before the boom here in Brisbane and it has appreciated ~50% in the last 2 years. [
]I can’t seem to find anything locally (5km from city centre) that comes close to the 11sec solution. [
]I’ll keep looking though…. who knows. [
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