Where on earth can I find property in WA that meets the 11 second test?
So far, the rents for advertised properties means that I should only be paying half the asking price!!
Any suggestions, hints??LindaB
How much do you want to invest?PM me if you want.
So many +CF properties out there.Let me help you and achieve a win win situation.Russ.
Try Kalgoorlie 12% yields no problem
Here is a typical property in Kalgoorlie
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=101436604
What do you think ?
Hi
I am also wondering were these properties are hiding
your example property would have to be reduced by 15-20% to meet the 11 second rule – wouldn’t it
confused
breaking outBreaking out
You are not confused. This property does not meet the 11 second rule in its present form. It has a yield of close to 9% and would either need a huge reduction in asking price or a filthy big deposit to become +CF. Don’t forget to add in strata levies, rates, and other costs.
I guess his point is, with little work, he has found something that returns a reasonably high yiled.
What the property is like is a different story.
‘Eat rich food, barbeque a yuppie’ [greedy]
If all the properties advertised meet 11 seconds solutions then it will snap up quickly.
There are a lot of property advertised which meet 11 seconds solutions but you got to call the advertise agents to find out.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Why not research the going rents in a certain area that has good yields, then make offers according to what you would like your purchase price to be – no harm in trying that
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