All Topics / Hotch Potch / Photos of IPs

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  • Profile photo of Prop16Prop16
    Member
    @prop16
    Join Date: 2003
    Post Count: 145

    What about showing/attaching photos of the +cashflow properties bought by people in the Forum? Probably with the purchase price attached but without naming the location of course?
    This might motivate the beginners (like me :)) and to show that 11 ss is possible? It will also show what you get for the price.
    Comments?

    Profile photo of ArtyArty
    Participant
    @arty
    Join Date: 2003
    Post Count: 884

    Prop16 i like that idea !.. [:D]

    Im starting to believe the house prices are becoming too high for the 11 second rule to work at the moment.. maybe when house prices drop ?
    [8D]

    Regards,
    Arty.

    [:)]
    “Why work to the age where you cant enjoy
    what you have worked for !.” (Author: Me)

    Profile photo of Prop16Prop16
    Member
    @prop16
    Join Date: 2003
    Post Count: 145

    Arty,

    somebody said this morning that he bought a few + ones last week (between 30 and 80K) I think. And the rent, mind blowing. Realy +cashflow and 11 ss!!!
    It’s still there somewhere.
    It would be interesting how the IPs look like, isn’t it

    Profile photo of ArtyArty
    Participant
    @arty
    Join Date: 2003
    Post Count: 884

    Prop16,

    Yeah it would be good to see the condition of the place.[:D]

    We we talking about the 11 sec rule, and thought about things like.. if you got a house, that just made the 11 rule, then you cant find tenants for say 3 months, you will need to pay the loan for 3 months worth of re-payments, thats a big chunk of your wage just so you dont lose the house.[8)]

    Regards,
    Arty.

    [:)]
    “Why work to the age where you cant enjoy
    what you have worked for !.” (Author: Me)

    Profile photo of Prop16Prop16
    Member
    @prop16
    Join Date: 2003
    Post Count: 145

    Arty,

    Yes, I think we have to add a few dollars in the budget, just incase it happend.

    But somebody bought a +cashflow IP for a little over 300K. Looks like this is also possible.

    Profile photo of ArtyArty
    Participant
    @arty
    Join Date: 2003
    Post Count: 884

    quote:


    But somebody bought a +cashflow IP for a little over 300K. Looks like this is also possible


    Geez, 300K would make the rent at least $600pw wouldnt it ? [8)]
    what sort of property ?[;)]

    Regards,
    Arty.

    [:)]
    “Why work to the age where you cant enjoy
    what you have worked for !.” (Author: Me)

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