Hi Kay

Well I’m off to Italy….I will be an absolute sqillionare there

Regards

Neil

Hi..for my 2 bobs worth, I have always thought more globally and to my way of thinking to qualify as a millionare in Aus would require $1,320,000 AUD approx in uninumbered equity.(Assets minus liabilities).

That is equivilant to $1 million US (The benchmark currency).

Regards

Neil

quote:
I’ve done motels to death. I don’t want to be responsible for peoples needs on a 24 x 7 basis so I’ve never gone into one. But here are some rules of thumb picked up from agents, lawyers and seminars.

The ultimate aim is to own a freehold and lease it out.

They sell as leaseholds at a price which is roughly equivalent to the annual…

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