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  #1   Report Post  
Richard Faulkner
 
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Default Million Dollar property Experiment

What a pair of dickheads!!

They dressed the property, got an offer of 255K, undressed the
property, lost the offer, and blamed the estate agent.

Unbelievable!!!

The new agent gets it at a lower price, sells it quickly for 17.5K less
than the initial offer, and they are over the moon. - at 9.47pm it can
still fall apart!!

Whoops! its fallen apart again.

It's on again!

Its off again!!

Cant believe they didnt deal with the sound issue up front.

(I cant actually believe I have just commented on this whilst watching
it g)

Its on again at 231K

2K profit

MMM!

--
Richard Faulkner
  #2   Report Post  
in2minds
 
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Default Million Dollar property Experiment

"Its on again at 231K ... 2K profit"
[..]

and it only took 10 months to make that 2k profit (c;

Les


  #3   Report Post  
Angela
 
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Default Million Dollar property Experiment

Did you see the one guy burst into
tears.................................Jeez if they do that for a TV
programme good job it's not their real life or they would be hanging
from the rafters by now!!

Also if it wasn't for the builder guy they wouldn't even made 2k
profit as they wanted to pay for old school radiators which would
have cost 2k more than the funky, modern efficient radiators they
used!

Angela

"in2minds" wrote in message
...
"Its on again at 231K ... 2K profit"
[..]

and it only took 10 months to make that 2k profit (c;

Les




  #4   Report Post  
No-one
 
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Default Million Dollar property Experiment

On Thu, 20 Nov 2003 03:06:56 -0000, "in2minds"
wrote:

"Its on again at 231K ... 2K profit"
[..]

and it only took 10 months to make that 2k profit (c;


Less capital gains tax ?

  #5   Report Post  
The Natural Philosopher
 
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Default Million Dollar property Experiment

No-one wrote:

On Thu, 20 Nov 2003 03:06:56 -0000, "in2minds"
wrote:


"Its on again at 231K ... 2K profit"
[..]

and it only took 10 months to make that 2k profit (c;


Less capital gains tax ?



Think there is an annual allowance of 10k or something.



  #6   Report Post  
Reestit Mutton
 
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Default Million Dollar property Experiment

Angela wrote:
Did you see the one guy burst into
tears.................................Jeez if they do that for a TV
programme good job it's not their real life or they would be hanging
from the rafters by now!!

Also if it wasn't for the builder guy they wouldn't even made 2k
profit as they wanted to pay for old school radiators which would
have cost 2k more than the funky, modern efficient radiators they
used!


Actually, the moment they decided to use that corridor to the back
garden for the second bedroom, I knew they were on to a hiding. Who in
their right mind would want a bedroom like that?!!!

RM
--
unlocking Nokia and SonyEricsson phones in the Edinburgh area
email: reestit_mutton AT lauriem DOT plus DOT com

  #7   Report Post  
BillR
 
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Default Million Dollar property Experiment

No-one wrote:
On Thu, 20 Nov 2003 03:06:56 -0000, "in2minds"
wrote:

"Its on again at 231K ... 2K profit"
[..]

and it only took 10 months to make that 2k profit (c;


Less capital gains tax ?


They haven't made nearly enough "profit" for the taxman to bother..
The CGT exemption is 7.9k each...


  #8   Report Post  
Tony Bryer
 
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Default Million Dollar property Experiment

In article , No-one wrote:
Less capital gains tax ?


Your first 7,900 (IIRC) is tax free.

--
Tony Bryer SDA UK 'Software to build on' http://www.sda.co.uk
Free SEDBUK boiler database browser http://www.sda.co.uk/qsedbuk.htm


  #9   Report Post  
Adrian Sims
 
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Default Million Dollar property Experiment

On Wed, 19 Nov 2003 21:56:43 +0000, Richard Faulkner
wrote:

What a pair of dickheads!!

They dressed the property, got an offer of 255K, undressed the
property, lost the offer, and blamed the estate agent.

Unbelievable!!!


Riveting TV though! :-)

The program was much hyped up because most people believed when it
started that they would start with 100k and actually make a
million...which is not going to be the end result at all. Each week
they seem to need to borrow more money from the BBC...that's
cheating!!

You can't help wondering why "the boys" never lift a finger. Surely
they are competent enough to paint a wall?!

Are they actually a gay couple?...it always seems like they are about
to snog when they finally sell the property!!! :-)

A.

  #11   Report Post  
Mike Hibbert
 
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Default Million Dollar property Experiment

"Adrian Sims" wrote in message
...
On Wed, 19 Nov 2003 21:56:43 +0000, Richard Faulkner
wrote:

What a pair of dickheads!!

They dressed the property, got an offer of 255K, undressed the
property, lost the offer, and blamed the estate agent.

Unbelievable!!!


Riveting TV though! :-)

The program was much hyped up because most people believed when it
started that they would start with 100k and actually make a
million...which is not going to be the end result at all. Each week
they seem to need to borrow more money from the BBC...that's
cheating!!

You can't help wondering why "the boys" never lift a finger. Surely
they are competent enough to paint a wall?!

Are they actually a gay couple?...it always seems like they are about
to snog when they finally sell the property!!! :-)


I think they are actually. They were on something before as an actual
"couple".

Don;t mind that they are gay, just the fact that they are a pair of bleeding
prima donnas!


  #12   Report Post  
Toby
 
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Default Million Dollar property Experiment

You'd certainly want your project manager to be more like Nigel than those
two.
For those left to their own devices in the mornings, BBC1 at 10am is running
an intriguing show about houses bought at auction. So far it seems all the
properties have sold just under or close to their actual value, but with the
beauty of near instant possession.

--
Toby.

'One day son, all this will be finished'


  #13   Report Post  
geoff
 
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Default Million Dollar property Experiment

In message , Adrian Sims
writes
On Wed, 19 Nov 2003 21:56:43 +0000, Richard Faulkner
wrote:

What a pair of dickheads!!

They dressed the property, got an offer of 255K, undressed the
property, lost the offer, and blamed the estate agent.

Unbelievable!!!


Riveting TV though! :-)

The program was much hyped up because most people believed when it
started that they would start with 100k and actually make a
million...which is not going to be the end result at all. Each week
they seem to need to borrow more money from the BBC...that's
cheating!!

You can't help wondering why "the boys" never lift a finger. Surely
they are competent enough to paint a wall?!


The words "nail" and "chipped" spring to mind


Are they actually a gay couple?...it always seems like they are about
to snog when they finally sell the property!!! :-)

A.


--
geoff
  #14   Report Post  
Mungo Henning
 
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Default Million Dollar property Experiment


"Angela" wrote in message
...
Did you see the one guy burst into
tears.................................Jeez if they do that for a TV
programme good job it's not their real life or they would be hanging
from the rafters by now!!


You mean there's still hope??

Mungo :-)


  #15   Report Post  
Reestit Mutton
 
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Default Million Dollar property Experiment

Mungo Henning wrote:
"Angela" wrote in message
...

Did you see the one guy burst into
tears.................................Jeez if they do that for a TV
programme good job it's not their real life or they would be hanging
from the rafters by now!!



You mean there's still hope??

Mungo :-)



Actually, I believe that their program has one redeeming feature...it
shows all would-be amateur property developers that even with the best
project manager in the business it's still not that easy to make money
on property development after the cost of your time and effort is taken
into account.

The danger is that wall-to-wall TV property shows make everyone think
that it's a mug's game and that would end up stoking the housing market
even further - it's due for a correction as it is and I wouldn't want to
see it turn into a bubble.

TMPPE does a good job of actually injecting some reality into teh equation

RM
--
unlocking Nokia and SonyEricsson phones in the Edinburgh area
email: reestit_mutton AT lauriem DOT plus DOT com



  #16   Report Post  
Adrian Sims
 
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Default Million Dollar property Experiment

On Fri, 21 Nov 2003 15:43:05 +0000, Reestit Mutton
wrote:

Actually, I believe that their program has one redeeming feature...it
shows all would-be amateur property developers that even with the best
project manager in the business it's still not that easy to make money
on property development after the cost of your time and effort is taken
into account.

Quite agreed. But that is different to what most of us do. We can all
do at least something ourselves....even if it is only painting!!

The danger is that wall-to-wall TV property shows make everyone think
that it's a mug's game and that would end up stoking the housing market
even further - it's due for a correction as it is and I wouldn't want to
see it turn into a bubble.


Nigel Leck is actually quoted as saying it is easier to make money in
falling markets as you don't have to reinvest all your profits in the
next house. Presumably that means, however, that you have to work
really fast!

Adrian

  #17   Report Post  
The Natural Philosopher
 
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Default Million Dollar property Experiment

Reestit Mutton wrote:


Actually, I believe that their program has one redeeming feature...it
shows all would-be amateur property developers that even with the best
project manager in the business it's still not that easy to make money
on property development after the cost of your time and effort is taken
into account.




Damned right. And the biggest mistake is to over develop a property in
a crap location.

Who weanst a 14th century converted church in the middle of a council
estate on Hackney anyway?

The key is to find the shabbiest property in the best area you can
afford, and make it the best on the street...just.

  #18   Report Post  
Andrew
 
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Default Million Dollar property Experiment

In article , Tony Bryer
writes
In article , No-one wrote:
Less capital gains tax ?


Your first 7,900 (IIRC) is tax free.

Except in this case they are in business to 'make' money out of property
so they should be taxed on the 'profit' as a business - no cgt
allowance.
--
Andrew (change P to k in ...data)
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