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  • Profile photo of investroninvestron
    Member
    @investron
    Join Date: 2003
    Post Count: 92
    August 18, 2003 - 7:20 am

    i’d say it’s a good deal, as long as it’s not a high maintenance property.

    i just sold one i had in cairns n.q. for 155,000, rent 210/w, because of the high maintenance costs.

    i’ll buy a younger house next time.

    Profile photo of investroninvestron
    Member
    @investron
    Join Date: 2003
    Post Count: 92
    August 11, 2003 - 5:17 am

    ask your property manager

    if you havn’t got one, go and ask one anyway, i’m sure one will help.

    they know exactly what tenants want, and you porbably won’t overdo it that way.

    Profile photo of investroninvestron
    Member
    @investron
    Join Date: 2003
    Post Count: 92
    August 11, 2003 - 5:06 am

    smee again

    i stuffed up the last reply, twoz my first time.

    re + cash flow or not

    + rent / a
    – rates
    -insurance
    -maintenance
    -vacancy
    -interest
    if you end up with anything left after that, it should be worth it.
    don’t stop investing, just because it doesn’t match the 11 second solution.

    Profile photo of investroninvestron
    Member
    @investron
    Join Date: 2003
    Post Count: 92
    August 11, 2003 - 4:57 am

    quote:

    The 11 second rule is:

    (Rent/2)*1000

    So in your case:

    (253/2)*1000 = 126,500. So according to the 11 second rule, this is not a +ve property.

    To get +ve properities, you need to look outer suburbs in major cities (but even that is rare) or regional areas.

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