funny, sereberro is now trying to reinvent the wheel...
a friends house that just sold on day one, returned a compound interest of 8% for the last 10 years it returned on average 5% in income....so 13% is not bad for a mug property investor
it is better than the 7% rule....and in light of the GFC is right up there...nearer to the 10% rule
in all my years investing....with the numerous global crisis, I have still been able to achieve the same long term returns, except for the blip when they tripled within 2 years
I suspect I am a bit smarter, and more diligent with my assets and returns, than the average bear...or investor
it has nothing to do with throwing money at it either.... the secret is finding the house in the right location
some investors, quite wrongly believe they need to do major reno's to gain value, and then over capitalise the project
