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My business plan

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    My business plan

    I am thinking of short term investment in the real estate sector. What I plan is to use 1 million US$ to buy a land and use that plot as mortgage to secure a housing loan and build a house with it. Later, I can sell it for a slightly higher price and take the profit and keep on investing the rest of the money in the real estate sector again and again.

    I built three houses two of which was sold recently. The third house is nearing completion and I plan on utilizing the funds for yet another house.

    What do you think of the investment plan?

    #2
    Wow that's a great plan, the real estate is a good investment specially when you have the resources and i think you have it covered. The only thing to do is managing and having good decisions through out the process.
    Just be sure to have a backup plan in case of problems, We all know prices involving real estate like materials and taxes are erratic. It may or may not be an advantage but having a backup plan could make a difference.

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      #3
      This is a great business plan and I must say you're doing great with it.This business plan will work well with my country or location because a lot of people are seeking to own homes but the problem has always been funds,it never easy but if one has the needed funds then it very easy to delve into this line of business

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