Decreasing stock on market
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Decreasing stock on market
So do I ....
Cliff
There are some who like to 'give a taste of the cream on the cake' whilst telling people that the recipe is 'out there' if one spends enough time looking for it.
And there are others that have shared openly.
For myself I will always be indebted to Keithj for this post:
http://somersoft.com/forums/showthread.php?t=32265
I have adapted it to my own way of investing. But I probably have never got to where I am now if it hadn't been for his post.
Thanks again Keith.
And in the interests of sharing, let me share one basic formula for residential apartment investing in capital cities that is an absolute killer:
Time to invest is when
(a) apartment gross yields is greater than 6%
(b) vacancy rates are down near 1%
(c) city is experiencing population growth
(d) price of replacement value of new apartments(ie New apartments/OTP) is approaching 20% higher price than that of existing supply.
When this happens apartment prices surge within a few years.
I have only used this for capital cities, not small regional cities, but boy does it work. Unfortunately it does not come along often.
I have posted kudos to a couple of replies which indicate the poster knows what " the Secret " is .
Can't work out how to see if a post has received kudos
On another note, when does an apprentice timing lord become fully fledged
Everything you need to know is on rea.com