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Who'd have thought it, DL using JC's 10 streets method!
Joking aside, interesting how there's a glut of properties in a region of the country that sales are supposed to be high. It certainly isn't the case in the SE in my locale, although certain properties are going under offer quickly.
JC and I are quite alike ... in fact I would say pre 2015 identical
i used to leverage at the drop of a hat now I don’t
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
i used to levarge at the drop of a hat now I don’t
Neither does he any more if I've read his posts correctly.
Whoa ...I spluttered in my coffee when I saw the thread title
Pure plagiarism DL !!! I have a patent somewhere in my bottom draw
My solicitors will be writing to you in the morning :-)
My 10 streets strategy was more about learning the ropes. Educating yourself . Testing 10 streets
Becoming the expert locally in those 10 streets . Then taking those skills and applying them
Which could be buying in those 10 streets of course - but also the strategy can be transported to elsewhere
I did stick local though . All within 10 min drive .
My max in any one street was 5, 4 in another 3 in a couple of others
When you know a street inside out you can make instant decisions if one comes up
You can be all over it when it comes on the market as the DD has been largely done
While others um and ah you go in for the quick kill
I knew about a repo before the selling agent even did .
A tenant across the road phoned me when the notice went up in the window
Offered asking price and it was all wrapped up before it hit right move and the tenant moved in as a reward
DL we have similarities before 2015 but we were far from identical
You started with a million in cash and bought 40 units .
I started with nothing but released 40K equity from my main ressi and bought 1
The last time I leveraged was almost 6 years ago to the day
I did a lot or refurbing, adding value and remortgaging - I dont think you did ?
If I had bought in the NE I would have stood still for far too long because of low CG
You had an advantage because of your cash pile starting kit . And yields were good
I had the advantage of good yields + CG
But our journeys were rather different me thinks
Jonathan Clarke. http://www.buytoletmk.com
Pure plagiarism DL !!!
Agreed, "Ten Streets" is definitely your trademark Mr Clarke!
Why have their been multiple posts deleted on this thread?