Forum Replies Created
Hi Jancrows,
I’m glad you found the problem before final purchase. I hope you are able to negotiate a great price.
Just goes to show that you really need to be careful when buying a renovated house, I prefer to buy unreno and do the work myself.
Great tip, thanks,
Sue [
]“Be careful not to step on the flowers when you’re reaching for the stars”
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”
Hi Kay,
I’m the same[]
Just thought I’d better explain it properly[]
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 properties are likely to be positive.
Have a good search through old posts as this, and other formulas, have been discussed often.
Cheers,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
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“Be careful not to step on the flowers when you’re reaching for the stars”
Well done, Steve & co,
I imagine that is going to be a very popular service.
I’ll certainly be staying tuned….
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
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,
I just got a 5 minute warning at the top of the screen, better get out….time clock is ticking…
now where are those kids? []
Sue“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Leigh,
Why the name change? Not doing the Enjo anymore?
Good to see you’re not actually leaving []
Sue“Be careful not to step on the flowers when you’re reaching for the stars”
OMG 48 hours!
That’s a long time, I might actually catch up on some housework, or even talk to the kids….
Cheers,
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 independence and then teach others how to achieve it.
With my fortune?….as well as the usual charity support, I’d like to support scientific research.“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Bear,
Didn’t look too closely, but I think it is actually in WA
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Shame that…after a quick search, BHP is not in Hopetoun Victoria [
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Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Why are rates so high in small country towns? I find it quite amazing.
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
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”
Wow, I’ll take four!!!
Just kidding,
Not bad for a holiday house though, paid more for my last car []
Sue“Be careful not to step on the flowers when you’re reaching for the stars”
Rebecca?
I am sure you have something to add here…
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
Good question Bear,
I also have seven years of tax records cluttering up the place.
Could someone please clarify this one?
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
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