cheap birthdays no such thing, strange things can happen anytime , what you think you want one day can change the next, just a nice view to sit and watch and who knows where that shall be,
Thanks jake and Fred and every one else for the imputs, all is appreciated
I agree with Jake although its always a bit sensitive when mentioning trust and the wife`s family!!It has to be said though that Jake and I can see serious problems on the not so distant horizon.It all really depends if the "doors" idea is ONLY to help the family and not to supplement Steve`s and his wife`s income..The only way around something like this is for Steve`s wife to consult a lawyer to arrange a 25 year lease so that she regains control should the .... hit the fan.. Hey!!It may never happen!!The doors for students idea is a really good one though....... Not sure exactly how large a unit could be if he wants 5 on a single story but I reckon between 10 and 15 Sqr meters per unit..All depends on local building regs... Doable for just under a million if we base the construction cost at 12,000 per sqr meter.Anyway.. If the location is good (and Jake has a far better idea about that then I) then a 15 mtr unit with its own CR and shower will be good for 4 students paying 2k per month all inclusive of bills. No A/C of course..Just a fan and light. The units must be secured with a fence and gate and better still a guard.. Not sure if there will be room but a small Canteen Sari Sari and laundry area are good spin off businesses.A full occupancy could produce 48k per month and the store/food and laundry between 10 and 15k per month...Maybe more.. Lets say 60k a month.Not sure about school holidays though.. Pretty sure this will amount to OFF seasons so that needs to be taken into account..So lets say,all going well a business like that makes a safe 40 k per month,minus taxes,business permit renewals etc,etc then I suggest that that would be a great help for the family!!
Did I say 2k?? Oops... Looks like we have competition!!http://marikina.olx.com.ph/angel-s-r...-iid-4806019201.800 PHP per month..http://images04.olx.com.ph/ui/7/19/2...ld-Baytree.jpg
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