hi guys
yay, just put a Steve technique to the test, and it worked!!!
I have this property which was going to rent out for $110.
‘the lady loves it”, said the rental manager, “and it’s in the same street as her mother, and she has two daughters and would be an excellent tenant. But she says there is no shed for the bikes or firewood and they might get stolen.”solution – after researching that a shed costs about $390 NZD for a kitset one 2230 X 2202, (a ‘pandora’ from mitre 10, for those that care) – walk in with lockable doors – plus a couple of hundred to get the concrets slab made and the thing assembled – ‘would she be willing to pay $115 if I build her a shed?’
“YES!!!”
So the return on that $500 investment will be at least 50 percent.
(win)
tenant happy and gets a shed (win)
capital gain to property (win)
love it!
That sounds like a great deal Mini! You get extra money, the tenant gets the bike shed and you get the capital gains benefits. Love it!!!
Well done Mini! [
]You’ve made us forumites proud! [
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)thanks! Never mind that i can’t add and 390 plus 200 is 590,
but it’s still good at a 44 percent return!
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]The topic ‘win/win/win!!!’ is closed to new replies.
