a normally anti real estate guy saying this?
was your first reaction, right?
Well I have always said that opportunities come in all markets. You need to decide which market suits you, what you are comfortable with and whether you have the brains and strength to straddle all markets.
Here I have a deal – buy 10,000 sft of property…at a rate of 1300 psf payable in instalments. Payable over 18 months, the builder is saying by the time he completes the project (35 months) HE WILL BE BOOKING at 3000.
At that stage he will happily buy all the lenders out…to ensure a 2% p.m. interest or keep the property…your choice…
I was told by somebody at the site…cost of construction is really about Rs. 1150…so there is no risk.
I am an equity guy…..and will not budge..but such deals are worth…and worth quite a lot i guess
Post Footer automatically generated by Add Post Footer Plugin for wordpress.