What I seem to find is that the rents of properties under $100K (in regional SW of WA) seem to be proportional to the property prices i.e. a property for $95K gets $120/week and never make it close to the 11 second rule?[
] and cheaper properties are getting cheaper rent still.How is it possible to find one that has positive cashflow with such low rents?
It is possible, you just have to look harder.
I have found at least one in the last week, though the numbers were rather tight it was still positive cashflow.
I haven’t given up, and still looking hard. it is frustrating with such low rents around
Yes I found 2 in the last week, however there are some problems with the property. Need to get quoted on how much it will cost to repair
Believe and you will find!
Hi everyone,
Can you guys tell me how you do it? Where do you start when you look in regional areas?
I have tried using the Internet it got me nowhere!!!
Maggie
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