Mabye I made a mistake some where but i checked it over three times! [?]
That means you should be earning $40 a year. Therefore it should be a positive cash flow property.
K, saying that i did make a mistake. Oone way that comes straight to mind is to offer something to Tenant for example: (this might already be there) Install air-con. on the condition that the rent will be increased $5-$10 per week.
Just a sugestion. Hope this helps.
Matt
“If you do what you have always done, you will get what you have always had.”
Jaffasoft,
That would be a very good idea to calculate it for 48 weeks. Make sure that if it is a rural town especially that you check out the rental demand. Have fun with your house boat. []
Matt
“If you do what you have always done, you will get what you have always had.”
Other people have been posting about +CF Properties on this forum, if you use the search button at the top of the page you will find their threads. If you were desperate just to buy an IP then BEAR1964 and Rachel have been advertising in the Specifically Property! Topic to give you the deals as long as you pay them a commision. Probably a good way to start out.
Hope this helps. []
Matt
“If you do what you have always done, you will get what you have always had.”
Hey Bruce,
Its good to see that someone knows what I am talking about. A fact that Australia should be ashamed of is that, we have the most obese teenagers in the world as a ratio. We have more obese teenagers then America, i think that just wrong. Paul Pilzer is very successful person thats wfor sure.
Matt
“If you do what you have always done, you will get what you have always had.”
Hey Jaffasoft,
Well from what i can see you have done a reasonable amount of due diligence on this property. With COCR of 12.3%, that is a above the prefered 10.4%, which is good. Rurual areas like this town with only a population of around 500, imho is risky business. A thread was started about rural towns, use the search tool to find that for more info. Planning on having only 2 weeks vacancy seems me like it would not be enough, but i don’t know what the area is like.
Hope this helps, your’ve done a good job.
Matt
“If you do what you have always done, you will get what you have always had.”
Australian Longevity is a branch off American Longevity. Its was started by Dr. Joel Wallach over in America, and he has had nothing but absolute success with the products that he is producing. I personally had nothing medically wrong with but just my energy levels and attitudes have improved so much. One of my friends had serious lower back arthritis, and the doctors told him they couldn’t do anything but put him on pain killers for the rest of his life. After using Dr. Wallach’s products, i think for two months now, he has no pain, and his back is starting to repair itself. If your interested i coud recommend that you have a look at the website.
Hey Bear,
Thats interesting that you ahve spent the last ten years in natural medicines. I don’t suppose you have heard of Australian Longevity have you?
Matt
“If you do what you have always done, you will get what you have always had.”