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  • Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

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

    Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

    Thanks to allwho replied to me.

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

    Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

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

    Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

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

    Cheryl

    Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

    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 what extent.

    Profile photo of cherylcheryl
    Participant
    @cheryl
    Join Date: 2003
    Post Count: 10

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

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