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Real estate
Taking a loan to buy land as investment
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[QUOTE="Rachael, post: 217398, member: 68963"] I will never take a loan to buy a land as an investment property. There are other ways I could raise capital by taking and tasking myself to engage in more part-time jobs which will help me in saving more. It is mostly pressurizing to take loans and some challenges impede the success of repayment. At times, no one can predict the future because there are lot of cases where a land is purchased and all of a sudden. the environment becomes hostile in such a way that it is prone to security challenges and this affects the investment and it depreciates instead of appreciating. In such situation, it would be very unprofitable for the loan collector because it would be very difficult in finding a buyer for such property and also it would be difficult for you to utilize it for any other activities, this is because everyone values their existence to any cheap property. If your personal savings was used for the purchase, although you would still run at a loss but it is much better because there will be no pressure in outsourcing on how to refund the money. If you insist on taking loans, then be sure to have other repayment options. [/QUOTE]
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