Hi,

Just quickly… the 11 Sec solution is not redundent as such.

It remains the basis of my investing approach, yet times have changed as as such the application of the theory must change too.

The revised formula that I work on does not focus solely on yield (as does the 11 Sec), but on the way that annual rent AND rental yield impact the value of properties.

If you can understand the relationship then, when you combine that with an understanding of the broader market, you can spot opportunities and secure a position where you’ll be well poised to capitalise on opportunities.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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Hi Hector,

Thanks for your post and welcome to the community.

[8D]

OK – I’d use the deals that you find as a way to crunch the mnumbers so you become familiar with how to put a deal together and how one propety can return more or less than another by adding on an extra bedroom.

Just play around be be wary as the ‘net is a big time sucker.

Cheers,

Steve McKnight

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Hi,

All I know is that cleaning up an old site can be very expensive and time consuming. The petrol seeps from the tanks and contaminates the soil and ground water… very costly to fix.

Also, in recent times there has been very little margin in petrol. I suspect that there is much higher margin selling the chips and coke than there is in selling fuel.

So… the question is, what are you buying? The business (leasehold) or the freehold (property)?

Cheers,

Steve McKnight

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Hi,

Normally I just write off the debt to experience.

However, you can do one of two things:

1. Put the debt in the hands of a debt collector; or
2. Go through the legal system, obtain a tribunal order and have the sheriff seek to recoup the debt via cash, garnishee or by possession and sale of goods.

The amount doesn’t seem worth option 2.

Also, did you not have a bond?

Bye,

Steve McKnight

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Hi,

Yes, you would be entitled to rent at the previous arrangement, however establishing what that arrangement was may prove tricky.

Also, without a condition report who’s to say what condition the property was in when the tenant moved in.

May be better to offer a cash incentive (or perhaps offering a discount on the rent owing??) for moving out in exchange for gettin gthe house back in a tidy condition.

Yes – you could up and down trying to enforce your legal rights, but my experience is that this does very little to work towards a speedy outcome.

Cheers,

Steve McKnight

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Remember that success comes from doing things differently.
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