All Topics / General Property / 11 second rule

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of eterniteternit
    Member
    @eternit
    Join Date: 2007
    Post Count: 26
    August 12, 2007 - 12:04 am

    Hi

    Has anyone heard of the 11 second rule written in Steve Knights book? I cant see it working for any properties around Australia!!!

    Say for e.g. a property worth 265K needs to hold the 11 second rule then that would mean the weekly rent will be calculated as:

    265000/1000 * 2 = 530 per week

    That just sounds impossible.
    What are your thoughts on this?

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488
    August 12, 2007 - 3:24 am

    There have been several posts recently by people asking where the properties are that fit the 11 sec rule.
    They are in Kansas and Dorothy owns all of them except one; Toto owns that one.

    Profile photo of HutchHutch
    Participant
    @hutch
    Join Date: 2004
    Post Count: 137
    August 13, 2007 - 6:12 am

    Hi eternit
    By many of Steve's own admissions both publicly and here.
    That rule (circa 2003/04) from the 1st book, is just about obsolete in the current Oz market.

    Cheers.
    Hutch

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.