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Real estate
Taking a loan to buy land as investment
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[QUOTE="Kingsley, post: 214559, member: 30278"] When you access loans for the purpose of acquiring a land without haiving any other motive as to what to use the land for, it might amount to a waste of time. Since you are going to access a loan to buy the land, you must certainly need some sought of benefit coming from the land to pay back the loans. Else one will be seriously indebted, it is always better to think of other things you can do on the land, maybe one can use the land to farm and realize some profits and payback the loan. Then wait for sometime for the land to appreciate before reselling it to acquire more profit on the land. If otherwise I wouldn't consider it a very profitable venture because the interest on the principal will keep Increasing with the passage of time, and if there are no other sources to pay back it will amount to a huge problems. And you wil be forced to sell the land for something far less than what you bought the land initial, because it will be a panic sell. Before making such a decision make sure you have other plans on ground to cover for the loan. [/QUOTE]
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