Thanks for the explanation.[thumbsupanim][thumbsupanim]
This has given me another option in my quest for finance.

Thanks to allwho replied to me.

I will keep looking for property that is closer to 11 sec rule.

How does putting a larger deposit down bring the property closer to the 11 sec rule?

Thanks for the words of encouragement everdine. It’s true that it is disheartening when you are ready to get started.

Cheryl

Andrew,

I was about to ask the same question myself, so thanks for getting in first.

I have found a property that I would offer $85,000 for that has a tenant paying $145 pw.

Can someone tell me if this is a good deal or not?
The house is neat and low maintenace.

Like you Andrew I am not sure when to step outside of the 11 second rule and to…[Read more]

Thanks for the advice, especially the tip about checking out rental properties.I’m thrilled about ‘dressing down’ as well.