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% profit
tali
Posts: 709 Forumite
ive been told that rental income should be your mortgage payments plus 15% as a rule of thumb so when selling a property what % profit should one be aiming for as a rule of thumb ? as i find people always talk in cash profit
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Comments
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Twenty percent.
But that's when you buy it, not when you sell... You obviously can't just make up an asking price just because it's 20% more than you paid.Everything that is supposed to be in heaven is already here on earth.
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Gross or net?Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0
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Gross.
And a good accountant.Everything that is supposed to be in heaven is already here on earth.
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