Hi Sidd, Coincidentally, I was also contemplating something in the order of $15,000 for (a particular) five acres of land I know of in Queensland, as a joint investment project. Now obviously there would be more profit potential if one knew of ten equal properties and could manage them with an economy of scale, but (with the smaller project) the risks would also be lower as experience could be gained as the project grows naturally and more projects are added one at a time.
Also $5,000 cost for "legal" structures, business plans, prospectus and research is a relative matter, considering the enormous potential for differences in the opportunity cost of the people doing the research and planning. As this is a global economy there would be many people outside the US of A with a much lower opportunity cost (at times) who would be prepared to investigate a potential property investment and management plan in the same way as it would be necessary no matter if you were raising $15K on PVCSE or from a redraw on one's bank home loan. As for providing proof of the reality of the investment from PVCSE and investors' point of view, I guess that photos, maps, scanned copies of (property) titles, council rates (property tax) notices and so on would be what I would have had in mind. These would not cost very much in themselves. The biggest cost for me if I were to go ahead would be the time and travelling costs to visit the property in Queensland, which is why I have not jumped at it myself thus far, unless I found something better and as affordable in southern or western Victoria. By the way, I am talking Australian dollars here. Any costs would be added to the project (if I were to go ahead) and the total capital required would still not exceed USD$15,000. I probably will not go ahead, simply because the particular property would take me days to drive to, and then days to drive back from, but not everyone lives as far south as I do, so I guess it would be worthwhile for someone. :) Maybe someone would like to buy it outright and I will simply charge them a finder's fee? Regards, Ian Green > From: Sidd > Sent: Wednesday, 1 October 2003 10:12 AM > Subject: [e-gold-list] PVCSE listings --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
