Shaun you should have let me know – we could have gone halves.

You would have got the dedication and the first half of the book, I would get the second. With the mystery gift, we could probably have cut that in half too []

Cheers
Mel

But Del, it’s only Macleod’s Daughter now… I stopped watching it when they killed Claire off – soooooo not happy, and then I see that they gave BOM away (Mum still watches it, so I see bits and pieces, sometimes a whole episode)

Cheers
Mel

Jamie, why don’t you keep one of the houses you build in each estate? Obviously they are profitable for you, and you could use some of the other profit to fund any shortfall from the rent…

Seems you’re in the best place – being first into the estate, esp if prices rise in subsequent houses in said estate…

Cheers
Mel

Nugen, not CGT, but probably income tax.

You would calculate the interest you are paying to your sister as a cost to you also though, so it’s not as big as you first thought.

but if you are making a profit, then yep, the tax people will come for you…

Cheers
Mel

g7, ideally I agree. One building, one tenant (preferably government on a 25 year lease[biggrin]) would be awesome!

In an excellent location, you could probably do well – but a good building would probably cost more than $10m. With 100 houses you have a loooooot more paperwork etc. but less risk (unless they’re all in the same town, and there’s only 105 houses!) of something major happening to all of them at once.

If I had 100 houses, I would look at doing what Robert Allen has done in the past, and that is to hire one person (or persons) to manage the whole lot – and also to scout for other deals, of all kinds. I suppose I should have the financials to go for the bigger buildings too by then….

Cheers
Mel

I reckon I’d have to go and get a life![biggrin]

I certainly wouldn’t touch the computer that often… Maybe I’d do my tax return.

Hey, there’s an idea. Steve, can you kill the forum for a couple of weeks? I really need to do my tax return(s)…..

Cheers
Mel

So Steve, I reckon those of us that used your ‘quoted’ selling % should also qualify?

Cheers
Mel

Ignoring the $20K costs to start with

b) $28350.

You have not said that we have sold it, so it’s $38K – annual costs.

Or

c) $18350.

Again, we haven’t sold it, so it’s $38K – annual costs, minus another $10K cos we paid somebody 50% interest to borrow the other $20K to cover our costs!!

Cheers
Mel

Cost = $420K
Sale = $438K – $9855 = $428145

Yearly cost = $9650, so Sale – Cost – $9650 = $-1505.

Steve, how did you get your figures?

Cheers
Mel

Yep, my understanding is that they ‘want’ more…. But that doesn’t mean that you have to offer more.

I think if they want a higher price, they should advertise at a higher price…

Cheers
Mel