Syd, not sure I agree with that valuation.
Say you had 2 houses 1 sold for 100k
You were geared 60% or 60k.
You made a profit of 10k on the sale of one.
Would you value you holding on the other house at 10k or would you value it at 10k profit plus 30k existing equity.
BBW
babcock & brown wind partners group