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A Little Lesson In Property Investment by highoctane: 6:29pm On Jun 15, 2021 |
Two friends sets out to invest in aqusition of lands in a particular city, I wouldn't rather mentioned the name of the city, the lesson here can be applied in any city. One saw a large track of sprawling land in a far outskirt of the city and bought 50 plots of land at #100'000 each, he saw himself as a land owner of acres of land, he thought to himself, if I patiently hold on to these land,it's price will quadruple, this was 8 years ago. The other went to that city state urban development council to chart development trend of the city, he bought 3 plots of land within a proposed government of a would be housing estate, that was 8 year ago. Lesson don't simply buy a land or lands, rather buy a land that has an address. The aforementioned is begging buyers to pay #500'000 each per plot. The later is been begged by buyers to pay #50Million each of his 3plots. Wouldn't you rather seek for a land that has an address? Seek for it whenever you want to buy a property |
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