Help, Friend in need

[Mich the Tester]

Hi Mich,

I mean, sell the 'big' house and perhaps 5 acres around it and the access road.

Alternatively rent the 'big' house.

But keep the estate - farm land - rent that out or farm it depending on the situation.

If there are tied houses which do not have historical tenants rent those or let them go.

Use the money from the sales of the houses to buy more farmland.

Therefore, turning the houses from cash burners into revenue generating assets which maintain value with inflation and can be transferred through the generations.

Milan.

You have a point there; the farmland might be quite profitable in the future.

[suityou01]

yes SY01,

I may indeed be in your eyes,

but on this subject, rest assured, I knows my onions
Milan.

Oooh I luuuurve people that use that expression. I really hope this is part of your online persona and you're not such a numpty IRL.

[milanbenes]

thank you

have a look around, the families which have been the most successful at preserving intergenerational wealth are those who have revenue generating assets - farmland and rented houses


the 'big' house is a trophy from the success of an ancestor and although nice to have, if the current generation do not have the capacity to service the 'big' house it will become a cash drain

better to accept that the acestoral home has to go and take the cash from the sale and put it into land which can be rented and transferred through the generations

the golden rule... never bet or sell the farm.

Milan.

[milanbenes]

SY,

apology accepted.

Now, go back and read through the posts, you might learn something useful.

Milan.

[MarillionFan]

So come on Suity old boy. How many bookings had he taken since yesterday or has someone called the rozzers instead about the sex parties?

[milanbenes]

to be honest,

the mis-spelling of the Meta Tags and SEO key words, is the funniest thing I have seen this year

Milan.

[suityou01]

So come on Suity old boy. How many bookings had he taken since yesterday or has someone called the rozzers instead about the sex parties?

I booked in the family for weekend after next.

[MarillionFan]

I booked in the family for weekend after next.

You take the kids to a sex party. You sick ******* ****!

[amcdonald]

Before judging someone, walk a mile in his shoes.

Ah but once you've got their shoes you can run a mile, then you'd have their shoes

[Mich the Tester]

So come on Suity old boy. How many bookings had he taken since yesterday or has someone called the rozzers instead about the sex parties?

I booked in the family for weekend after next.

You take the kids to a sex party. You sick ******* ****!

Jealous, MF?