All Topics / General Property / Rent Formula

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  • Profile photo of heath_SA_78heath_SA_78
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    @heath_sa_78
    Join Date: 2004
    Post Count: 2
    April 20, 2004 - 11:53 am

    hey everyone!!

    please bare with me as i’m new to this and i may ask some stupid questions but i really would like to know if anyone could help me is what is the formula for working out what u would have to ask as rent??

    Thanks
    Heath[withstupid]

    Profile photo of RussHRussH
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    @russh
    Join Date: 2004
    Post Count: 342
    April 20, 2004 - 12:10 pm

    Are you refering to amount of rent to make a property +cf.

    Profile photo of DramDram
    Member
    @dram
    Join Date: 2003
    Post Count: 82
    April 20, 2004 - 12:14 pm

    Are you talking about the 11 sec solution? Or in general?

    11 sec solution…divide purchase price by 1000 then multiply by 2 gives you the rent required to meet this rule/guide.

    eg: $60,000 purchase price…../1000=60…* 2 = $120 per week to meet the 11 sec solution.

    If you are talking generally, then ask local real estate agents what the average rent in that area is for you particular property type. Also you could look at the rental section of the local paper as a guide.

    Profile photo of heath_SA_78heath_SA_78
    Member
    @heath_sa_78
    Join Date: 2004
    Post Count: 2
    April 20, 2004 - 2:04 pm

    yeah the 11 sec solution

    thanks

    Profile photo of redwingredwing
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    @redwing
    Join Date: 2003
    Post Count: 2,733
    April 20, 2004 - 9:26 pm

    Buy the book Heath..[grad]

    Lot’s of good information in there..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”
    Count The Currency With This Online Positive Cashflow Calculator

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