Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of MonsterMonster
    Member
    @monster
    Join Date: 2003
    Post Count: 2
    September 28, 2003 - 12:16 pm

    Yes, just registered & began a search for “commercial property” & found the thread.

    Now, I’ve got work on getting my 3 houses to be
    cashflow (+)ve (only one of them is at the moment),
    so I’ll keep plugging away.
    [:D]

    Profile photo of MonsterMonster
    Member
    @monster
    Join Date: 2003
    Post Count: 2
    September 28, 2003 - 12:06 pm

    Don’t forget to divide the weekly rental in half before multiplying by 1000.

    As such, weekly rent = $351.35
    Divide by 2 = $175.68
    Purch price approx $175,680.

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
    Applying 11 ss rule:
    Weekly rent : $18,270/52 = $351.35
    Purchase price : $351.35×1000= $351,350.-
    (well above the sale
    price isn’t it?)
    Pittfalls??
    Is it a good investment?

Viewing 2 posts - 1 through 2 (of 2 total)