I am considering buying a studio apartment at the Signature towers located in the grounds of the MGM grand and would like to hear from owners how much income they produce based on the rental pool. Is it self financing?
2007-12-08 07:50:21 · 2 answers · asked by wayneocallaghan 1 in Business & Finance ➔ Renting & Real Estate
Hi & welcome = you are the first millionaire to post here !
I'm surprised your financial advisers have not prepared a full break-down of this investment - however with rooms at the Towers going for $300 pp/pn you can expect an apartment to bring in at least $1,000 per night ... of course you will have to pay service / repairs / maintenance etc. out of that ..
NB> although I'm sure you have structured your US Company to minimise any US Taxes, the UK Inland Revenue continues to crack down on foreign companies controlled from UK so you will have to do this 'at arms length'.
I strongly suggest you get back to your US Company Lawyers and ask them to prepare the usual material (including pay-back period, tax implications, liability insurance etc. etc) for review and if the figures add up they should make their own decision .. (plainly if you organise UK finance you will be liable to UK Taxes, so they should finance via your US Company).
2007-12-09 18:47:59 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
you are going to Vegas for a 2-day holiday and additionally you're thinking hotel spa? Huh? I continually stay on the MGM with the aid of great rooms and atmosphere yet no longer for the loos. Luxor is darkish and dungeon-like. (i assume it fairly is the subject they are going for) forget approximately the $one hundred twenty room. stay on the MGM for a $50 widespread room and spend your money on nutrients/beverages and playing. it fairly is Vegas.
2016-11-14 22:14:46 · answer #2 · answered by ? 4 · 0⤊ 0⤋