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Loan: Should I Invest It On A Plot Of Land Or Do Farming Business? - Business - Nairaland

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Loan: Should I Invest It On A Plot Of Land Or Do Farming Business? by jephito(m): 10:18pm On Mar 10, 2016
I actually secured this interest free loan to do farming business. Now, after reviewing my proposal though I defended it convincingly during interview, I discovered that it's only viable on paper.

Considering the level at which land appreciates plus the fact that Lagos State government and Dangote have investment and interest in that local government, there is prospect on landed property in that area now.

Will be it wise to buy land with the money and service the loan from my salary or do the farming business and quit my job?
What will you do if you are in my shoes?
Re: Loan: Should I Invest It On A Plot Of Land Or Do Farming Business? by babaoloola(m): 11:33pm On Mar 10, 2016
Dont start farm biz with a loan.
Dont know much about real estate

jephito:
I actually secured this interest free loan to do farming business. Now, after reviewing my proposal though I defended it convincingly during interview, I discovered that it's only viable on paper.

Considering the level at which land appreciates plus the fact that Lagos State government and Dangote have investment and interest in that local government, there is prospect on landed property in that area now.

Will be it wise to buy land with the money and service the loan from my salary or do the farming business and quit my job?
What will you do if you are in my shoes?

(1) (Reply)

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