All Topics / The Treasure Chest / low property prices == low rents ?

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  • Profile photo of madeinozmadeinoz
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    @madeinoz
    Join Date: 2003
    Post Count: 11
    August 12, 2003 - 2:42 pm

    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?

    Profile photo of deckartjazzdeckartjazz
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    @deckartjazz
    Join Date: 2003
    Post Count: 14
    August 12, 2003 - 10:01 pm

    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.

    Profile photo of madeinozmadeinoz
    Member
    @madeinoz
    Join Date: 2003
    Post Count: 11
    August 13, 2003 - 7:53 am

    I haven’t given up, and still looking hard. it is frustrating with such low rents around

    Profile photo of KennyCKennyC
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    @kennyc
    Join Date: 2003
    Post Count: 17
    August 13, 2003 - 9:47 am

    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

    Profile photo of KennyCKennyC
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    @kennyc
    Join Date: 2003
    Post Count: 17
    August 13, 2003 - 9:50 am

    Believe and you will find! =)

    Profile photo of maggiemaggie
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    @maggie
    Join Date: 2003
    Post Count: 34
    August 13, 2003 - 10:25 am

    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

Viewing 6 posts - 1 through 6 (of 6 total)

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