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Mark
 
Posts: n/a
Default Property development

raden typed:



So you buy at 150k and hope to sell at 200k?
gross margin 50k

it's a business so factor in all the costs of a business



And then, it's liable for capital gains tax ...


Creative accounting is a another necessary skill needed, as is a good
accountant, but in the present market I doubt you would make sufficient
profit to warrant the expense with a Beeny type project.


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