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Real estate
Taking a loan to buy land as investment
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[QUOTE="Shigobad2020, post: 262654, member: 30251"] First and foremost , you have a good wife that has a good thinking ability to reyou that that augmenting the money you have with you at that particular time with a loan will be disastrous because she realises you are retiring in three years time and the loan must be paid for ten years which makes you to be in a disadvantage situation . Though There are some situations whereby we can get loan to buy to a land , but we must think of a proper way of paying back the loan in such a way that will not affect you negatively , if at least you can be renting the land out and be getting rental payment for it each year , you can be using the rental fee to pay back the money you borrowed which will be a win win situation in my own candid opinion . [/QUOTE]
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