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Buying a new house that is unfinished
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[QUOTE="Alexandoy, post: 117991, member: 25510"] For those planning to invest in real estate you can try buying a newly constructed house that is unfinished. In our village there are several such properties. I have learned that the houses were unfinished due to shortage of budget. One unfinished house is just 50 meters away from our home. If only I have the money then I would buy that big house and would surely need a loan to do the finishing. My engineer cousin said that an unfinished house can be bought for a cheaper price because it is a non-earning asset. If the cost of the finished house is 5 million (in our currency) then the house that needs finishing can be bought for 3 million. Instantly you have a 1.5 million profit. That is a good food for thought to me. [/QUOTE]
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