i have been to places and on the net… i have a hard time to find places that match 11 second guide,,,,, is the property market over heated or a i lookin in the wrong places???
Heated is an understatement.
MJK
howdy matty.
yes it’s overheated, but they are around, and not neccesarily on the net… hit the phones, go for a drive, travel… I’m in the process of settling on 4, and am spewing because there’s a number of other deals I’ve come across that I would love to go through with. I’m a bit conservative though, I want them to settle and get tenants before having a dip again. It’s just a matter of being patient, as the old cliche states “Rome wasn’t built in a day”
cheers mate
rmate,
where is this 11 second guide people are taling about here.
cheers.
i have been to places and on the net… i have a hard time to find places that match 11 second guide,,,,, is the property market over heated or a i lookin in the wrong places???Steve McKnight uses it to select property:
Basically if you divide the rent by 2 and times it by 1000 then that’s the max you should pay for it to ensure a return around 10.4% – and apparently this head maths takes 11 seconds.
Hope that helps, and if you find a pod of houses anywhere that fit the formula, let us all know !!!
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Mel
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