I have just read to book and looked at various areas and applied the 11 second soultion. I tried such areas as Bathurst, Yass, Goulburn, Queanbeyan and Bega and every time the answer came up where the sale price was at least $35,000-$50,000 over the answer I got using the 11 second solution. I am going to use the equity I have to get started. The only way around this as I see it is to use more equity to reduce it down to a positive cash flow, but then I can only get one or two properties. I this the correct way around this??
Any ideas??/advise???
ThanksNo… the ‘correct’ way (really there is no right/wrong) would be to keep looking. Throwing more capital at a property will just give you a lousy CoCR anyway.
If the numbers dont work dont rework the numbers, investing is not a race, did your father tell you the storey of the old bull and the young bull talking at the top of the mountain looking at the heard???
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Hi,
Expand your search and look further afield – use the equity wisely because once you use it – it might be a while before you build some more
cheers,
bluecatDo today what you want to do tomorrow
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