Hi There,
I was wondering if someone could please tell me what Hans Jakobi’s “Rent to Purchase Price” Formula is?
Thanks alot,
BonnieWeekly Rent x 500 <= purchase price.
IE weekly rent = 100$ per week.
Times 500 = 50,000.
Purchase price should be no more than $50,000
If you quickly do the maths it’s EXACTLY THE SAME as the ’11 second formula’
which isweekly rent divided by 2, times 1000 <= purchase price.
Cheers
alwayscurious.In my opinion Steve’s books & courses etc are better value for money.. Especially as I went to the book launch in Brisbane which was FANTASTIC
Hans writes some very interesting stuff, well worth a read.
From what I can tell this formula simply looks for properties that have a rental yield of around 10%.
No need for a ‘secret formula’, just year 7 maths.
[laughing]
This reminds me of the Simpsons…Michael Jackson: Homer, this is Floyd. He’s an idiot savant – give him any two numbers and he can multiply them in his head, just like that.
Homer: OK, 5 times 9!
Floyd: 45.
Homer: Wow.
ha ha ha , without humour we are dead
MLV
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