Home – New Forums Money matters Rooming house price? Reply To: Rooming house price?

#1091076
Marc D
Member
  • Total posts: 78
Up
0
::

I would think that the property and the business are two separate items and should be valued independantly of each other. Unless the bank is ready to foreclose, what, after including stamp duty, transfer costs, bank charges, capital gains tax, accountants and lawyer fees, would you actually gain by selling and rebuying to do the same thing again? Perhaps your problem lies in the way you treat the business. Are you charging enough? Why are you paying 10℅ on property? Equity is one consideration to banks but so is profit and cashflow. These maybe easier and cheaper to address than selling and buying

Regards

Marc