[QUOTE=Daddy D;387128]For those who dont know... land-banking is about "investing" in plots of overseas raw lands... where you r promised high returns when the land is sold and developed...
My brother in law bought some plot of Canadian lands... through "The Walton International Group" a couple of years back... was promised returns in 5 years time... but with 11.75% investment loan... after 9 years till date... he is still paying... DUH...
dont know if he should continue paying this monthly loan... 5 years... 10 years?
Or cut his loss and terminate this... and lose all the $$$ invested for the past 9 years? About $40K.
Hi, my friend aunt invest in someting like dat in Australia 14 yrs back.what we heard was a few years later they went for a holiday trip to austRalia and decided to visit dat piece of land they invest which was suppose to build hotel or. Some landed property.tink at the end turn out to be nthing.then they know their cheated.that time tis kind of investment was call timeshare.and timeshare today is alrdy not like dat.
Today timeshare is also askin pple to invest like buying membership.it can be expensive or cheap and is going to kill you cos you still need to pay maintenance every month cost about a few hundred.and you can't sell or terminate the card.
Tis is just a personal feedback regarding the stuff I know.thanks