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For this episode, we will address investment on land deals. In my opinion, it's just too much money on a property that's too risky, the complications can be tricky and it's extremely risky if you don't know what you're doing.
As much as the parents advice him to invest in land, it's just difficult to get financing for it. But I still would prefer if he could learn from them as they've done well.
My suggestion to youngster would be to start small, focus on residential first, then subsales, auction, commercial properties, industrial properties then only move to land.
Then instead of bungalow lots, I personally prefer industrial lots and agriculture plots instead.
For this episode, we will address investment on land deals. In my opinion, it's just too much money on a property that's too risky, the complications can be tricky and it's extremely risky if you don't know what you're doing.
As much as the parents advice him to invest in land, it's just difficult to get financing for it. But I still would prefer if he could learn from them as they've done well.
My suggestion to youngster would be to start small, focus on residential first, then subsales, auction, commercial properties, industrial properties then only move to land.
Then instead of bungalow lots, I personally prefer industrial lots and agriculture plots instead.