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Hi, I am a newbie and currently deciding whether to proceed with a townhouse development versus a large home purely to sell for profit and then do it again. Townhouses in the suburb I'm looking at sell for $800-$900K and the initial land purchase price is $900K. When I do the numbers, they...

Hi, I am a newbie who is interested in setting up a company with a friend to develop property and then sell for a profit. I am struggling around the accounting side of things and have seen two accountants who haven't been very helpful. The questions I would like answered are as follows: 1)...