[deardamoMember@deardamoJoin Date: 2004Post Count: 4]

April 25, 2005 - 1:35 pm

Hey Demps,

Thanks for the question.

I’m no expert but I wouldn’t see why not. The 11 second solution gives you (all things being equall)a 10.4% rental yield gross.

That means that all things being equall, once you deduct your loan costs and other reacuring expenses, eg. Property management fees, Insurance, Maintenance costs etc. You should still end up with a positive cashflow property.

So 10.4% is what Steve estimates is the yield or rental return% that you need to get too, in turn to still recieve positive cashflow after expenses.

This is only a guide though and you need to do your due dillagence before going ahead, probably speak to professional for advice as well.

I think you need to compare the reacuring expenses in the UK with Australia. That will determine if it will work for you over their.

Goodluck Demps

[deardamoMember@deardamoJoin Date: 2004Post Count: 4]

December 4, 2004 - 5:40 am

Thanks lifeX

Business Cards & Buttermenthols, nice idea, help keep you alert.

anyone else been to a Masterclass?

Damo

[deardamoMember@deardamoJoin Date: 2004Post Count: 4]

December 2, 2004 - 9:31 am

Um, as you can see this is my first post
and I don’t know how to use the smileys

……hmmmm. : (