Hi MR,
As richmond said do a search of the threads, you will find a lot of info.
Once you have done that and still have some definite questions, then ask away. Your first post was a little too vague to generate much of a response.
Keep smiling,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hello RickHy,
The most basic formula used is the 11 sec rule.
You take the rent, divide it by two and then multiply by 1000. If the asking price for the property is at or below this figure, you may have a cashflow positive property.
eg. Rent $200/2= $100, $100 x $1000 = $100,000
This formula is used mainly as a filtering tool to ascertain which…[Read more]
Well, I thought I had a trivial problem to point out, and that maybe I wouldn’t mention it….but thanks guys for beating me to it!
It is a little frustrating…I replied to one post and didn’t realise that someone had already answered the question on the next page! Doh!
The improvements are great, otherwise []
Sue
Hi yack,
Have to agree with tools I’m afraid.
You’ll have to come up with an original source. Perhaps direct from real estate contacts.
Good luck with it, and keep thinking up ideas,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi guys,
Sorry, slightly off subject, but how come there are two Julians? One from Oz, One from NZ.
One of you might want to change your sign in name slightly so we can tell you apart…
Keep smiling,
Sue []
P.S. I guess I should answer the question while I’m here….ultimate goal?
Ummm….to be successful at real estate investing, reach financial…[Read more]
Working on the 11 sec rule, the rent would only need to be $30 a week!
Of course, it doesn’t really work at this price as the rates are probably more than the yearly interest bill []
Sue[]
“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Pmaurice,
I think RodC mean’t that the Oz government will give you credit for taxes you have paid in NZ. For example, income tax on you cash flow positive property in NZ
Hope that helps alittle,
Sue []
“Be careful not to step on the flowers when you’re reaching for the stars”