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Raw land is being sold to me for a VERY VERY CHEAP Price. 16.06 acre raw land. Should I buy? |
It is in the Philippines. The land is 6.5 Hectares raw but is being sold for a very cheap price. Do you think I should buy? And if so, what will I do with the land to make a huge amount of money? I plan to buy it maybe around 2 years from now after I have accumulated a large sum of money if it is still available. If not, then I'll look again for another very cheap hectares of land to be sold to me. I will be 19 by then and studying college. Just to have some "Passive Income" In addition to the mutual funds I already have. Also, my family has 7 hectares of unused land. It is just there and stays there. What should we do to make it generate income? THANKS VERY MUCH. What you can't see this is a scam. Are you sure, you should research just in case it's fake. Some things may look to good to true. dont invest in phillipine land yougin. I know it sounds great in your mind. But like you said your parents investment just sits there. If its really tha tcheap remember: if it seems to good to be true it probably is. Unless you have money already (silverspoon), get a job. I'm not up to date on Phillipine land. What would it normally sell for? If the price is way undercut there is good reason to look into it. Is it likely to be looked at by commercial investors at a later date or has the area stopped building? These things should be looked at possibly by a third party that may see something you don't. An attorney may be a good start. Unless you have friends or family in the philipines who can personally go check out the deal for you dont do it.... It may be an unbuildable cliff. Buyer beware. This is a basket of snakes POISONOUS ONES. |
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