Joe and Beth Smith Case Study And Analysis Help With Solution

Joe and Beth Smith want to make a financial plan. They wrote you a letter and attached their financial information. The land is located in Pitt County outside of the city limits.

The letter:

Dear Financial Planner,
We are considering building vs. buying a house because of the current interest rates. We both are very interested in purchasing some land to establish our own family farm to be able to develop and even possibly offer lots to our two boys one day. Here are the details:

We can purchase a 1 acre lot for approx. $20k

We can purchase a 40 acre farm for approx $120k (3k/acre)
Ideally we will stick with a 20 acre lot due to the costs.

We currently own our home and only owe $17k before being paid for. It was given to us by my husband’s family and we took out a loan for some renovations. We plan to keep the home and use to it generate rental income ($700/month is our guess).

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Features

Features for Assignment Help

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Relevancy
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Related Services

Current Monetary Assets (also see financials below):

$25k CD (earning < 1% interest)
$120k Mutual funds (earning about $10k/year in interest)

Our home sits on about 3 acres with a side lot. We have even considered either 1) selling that lot or 2) putting a house on the lot for additional rental income.

Other than my vehicle (still owe $15k), we do not have any other outstanding debts. We currently pay $1000 month in day care (sons are 2 and 8 months). We plan to enroll them in public school so in about 3 years we will not have the $1000 daycare or $500 car payment. My husband's truck is paid for as well.

Based on the data above, what is the most attractive option and why?

Options

A. Remain at current residence

B. Remain at current residence and add-on needed space after payoff

C. Purchase 1-3 acre lot and build

D. Buy an existing home move-in ready

E. Buy an existing home a lower price and remodel

F. Buy farm and begin generating revenue only. If option F, what are ideas for generating such revenue?

G. Buy farm and build

Product Code :Case64

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)

You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

Summary