jyu143
Member
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?
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?