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
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