Dude by all chances go for it !!!!!!!!!!!!!!!
Ill motivate you . Go ahead .
Lets see how well you can do it .
Take a risk . A well calculated Risk.
I have always been a proponent of risk taking . Yess u will be able to make it provided the
market conditions dont change drastically against ur favour.
So expect a worse case scenario in which u will make a down payment plus and ur property wont sell now what do u do ?
Pump in more money . or cut ur losses -- This is ur risk taking ability my friend .
Will u have enuff money to mange the invest ment .
Yes u are right start small and sell quick
if u take a loan and cover the intrests cost with ur first deal then u are scot free.
You reminded me of my self when i was thinking of buying property and i thought i would need the whole money upfront .
hear this i am taking thre personal loans back to back ie i too one loan and started paying for my property .2 years over loan over . still 2 more loans to go and in 2 years my property will be ready . Yes i had a initial chunk to start with which was the 10% down payment required and i had taken the loan months before i bought the property and started makeing the payments . This gap helped me . In ur case work out the numbers and the time
Take a risk .. PM me ill help u . If u need details we can work them out .Ill be glad to assist
__________________
TRUTH is the only " property" I have
|