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G'day Grossreal, And thanks for the clarification. OK - back on track. My initial point (about a 26.5% profit) was simply this :- Since your costs all up are $7.9m, for a $10m deal, then the $2.1m profit (against the $7.9m cost) is, in reality, a 26.5% profit. You seem to...

G'day Grossreal, Actually, in answering, I'm more confused than ever. Initially, I'd overlooked the "extra zero" that was missing. So, I took your figures (most of them) on face value. i.e. I read that you were making $210k profit leaving $790k as outstanding (and you commented re...

G'day Grossreal, Isn't this, in fact, a 26.5% profit? Regards,

G'day Aikido, Thanks for the clarification. The way you state it, it sounds like it could be a good deal. I guess the "sticking point" comes about because the $250k "deposit" just happens to be the same amount that the unit is "discounted". Is that REALLY meant to be a FURTHER...

G'day Aikido, Hmm - I didn't read it that way, and neither did Simon. Doesn't "default" mean that you don't get your $250k back? In which case, you've paid $400k +$250k (defaulted) for a $650k unit. I'm still with Simon at this point. Sounds like "the words" in the contract are...

G'day Geoffw, Thanks for the example from BIL. As always (for all others) this forum is called Caveat Emptor for obvious reasons. If it sounds like a reasonable deal, (and it could be), just be sure to protect your own interests legally from the start. The subject matter is an...