Originally posted by Mister M:
quote:
Originally posted by matrixinvest:
Hi iv had the same things said to me plus i could not afford to buy the property i wanted so instead i went to mblandinvestment and bought a plot of land for 35k and made a profit of 25k this was my first with land and i was really pleased that i made a profit its a lot easier than going to auctions and estate agents plus a lot cheaper if you are just starting out in property i highly recomend investing in land hope this helps.
I for one am intrigued matrixinvest but could you provide some further details on your deal ie
What fees did you pay to mblandinvestment
What other purchase or selling fees were involved
Did mblandinvestment make any guarantees on the likely returns that you would achieve
How did they sell the idea of the land purchase to you and convince you to part with £35k of your hard earned
Was the land purchased with or without planning permission and if it was sold without, did you need to obtain planning permission to achieve your profit
Was the land located in a city or rural area, was it residential,commercial etc. and was it in the UK
In hindsight were there any real risks associated initially with the purchase and ultimately with the sale
Who did you sell the land to and how did you sell it ie Estate Agent, auction house etc.
What was the time scale from purchase to sale
What is the tax situation regarding your profit ie is your £25k true profit or subject to tax
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