Hi, this my first time in the forum. I have just finished Steve’s book & thought it was fantastic. However looking at properties on the internet & their rental return the 11 second formula didnt work on any of them. Any ideas anyone
You’ll really have to search hard – most of the properties this applies to are cheapies and in regional areas. Investigate widely into areas outside capital cities and check real estate institute member lists for some local agents and see what they have listed.
Hi Garger
I searched the net and found 6 properties that fitted the rule in about 15 minutes.
Its more about finding the right sites and restricting the search to outside the bigger cities.
Try
http://www.domain.com.au
or…
http://www.realestate.com.aubut whatever you do…DO NOT STOP LOOKING!!!
Kind Regards
Rob [8D]
There are heaps on the net, if you look hard enough. I found that a lot of the agents don’t always post on the net that the property is currently tennanted. I made a few calls to agents, and many of the properties on the market that fit my criteria do have tenants in them.
So I would recommend that you find an area in your price bracket, and then make a few calls and get an idea of rental return. Don’t just make a judgement on whether they fit the criteria from what you see on the net.Good Luck.[
Aim for the moon, even if you miss you will end up amongst the stars!
Hi Garger,
It is worth keeping in mind what goals you have set yourself. If you are looking at a monthly income then the 11 second rule is the best one to apply as this gives a good indication of the yield you will be receiving. However if you are looking at long term growth then the 11 second rule may not be useful. Generally high yields do not give high long term returns. So your investment may not grow as much as you have expected.
Anyway just make sure you align your goals and your property.
Cheers
Adam
[8D]Hi All,
Tty this site also
Cheers
Teylu“Has anything you’ve done, made your life Better?”
(American History X)Hi gargar
Not sure what State you are looking in but certainly Qld is still blessed with 101 positive cash flow properties. We certainly find that most agents don’t get chance to list the best buys as they go quickly. Lets us now if you need help and consider interstate.
Cheers Richard
[email protected]There is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
And a few more just in case…..
http://realestateview.com.au/
http://www.hockingstuart.com.au/
http://www.connallys.com.au/
http://www.ljhooker.com.au/
http://www.realestateguide.com.au/Regards,
Arty.
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