Bill those returns are very attractive and indeed beyond anything Ive come accross in the last few years. I find the profit ends up being a good deal lower once it all comes out in the wash.

If it was as easy as your figures suggest, we would all be doing it and I would sell my business which is hard day to day graft compared to one development per year making upwards of £300K profit.

I arrange finance for developers and I can say for sure the profits are often meagre especially once the cost of finance, Tax and selling costs are accounted for.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year