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George has the handouts. Please look at the proposed cost and the fact that 40% of the land will be used for community areas. That will leave us with 240 acres to subdivide. The lots will average half an acre. That is 480 lots to be marketed at an average of $150,000 each that gives us potential gross revenue of $34,500,000."The cost of the improvements will run around $5,000,000. If you take the cost of the land to be $8,000,000 and the improvements and the plan management of $2,000,000, throw in a $5,000,000 contingency and $2,000,000 to the landowner. I figure we'll need $22,000,000. Between Phil, Blaine, Michael, and me, we were ready to invest $49,000,000. Another $1,000.000 of investment capital will be explained later. That leaves $28,000,000 of investment capital available," I told them.Phil spoke up, "John, if your figures are correct, then McKenzie was looking to pocket at least $16,000,000 of our investment money for himself." Exactly," I said. "Wait, there is more. Phil,. I know her breast size because, since I am both mother and father, we go clothes shopping together. I think she wants me along only because I have the checkbook. I’ve offered to let her have the cash, but he says she enjoys torturing me when we go shopping. She’ll shop at what seems to be every store in the mall. She’ll hold up the underwear she wants and loudly asks for my opinion. "Daddy, do you think this will look good on me?" Though she is a beautiful girl, she is also my daughter, and I’m not thrilled when she does that. I want to dig a hole in the floor and crawl in it. Then, guess who gets to pay for the clothes. In addition to the house and the property it sits on, I also owned a dozen rental homes in my home county. My rentals are almost always rented out to dependable families. Once in a while, one of my renters will get a little behind due to some unforeseen problem. Usually, a brief rent reduction or forgiveness will get them over the hump and they get back on track..
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