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Reply: 2.1.1 From: Michael G On 9/7/01 12:35:00 PM, Anonymous wrote: >Hi Michael, > >So you reckon there are a few >holes in dear Henry's bucket? > >I hear he is moving offshore >too! I wonder if it is just >to pursue the US market or >there might be some tax issues >involved as well? I...

Reply: 1.1 From: Michael G Hi, For such questions, its always a good idea to do a "search" in the forum or on the web. FYI - a promise made by an insurer that they will pay the deposit to the developer, because they know they bleed you dry to recover their money from you :) Michael G.

Reply: 2 From: Michael G Hi, The theory is good, only problem is the list of things that can go wrong... 1) building completes early (before capital gain. 2) building completes late - during bust 3) No buyers around and you have to take over property 4) Lack of tentants 5) the other 99...