Hi Guys,
Just had a thought I wanted to get clarified. What are the possibilities or pros/cons of blocking a land (by paying a lump sum deposit) whose titling will take around six months to a year and sitting on it for a year or two (maybe more) and selling the land at the appreciated price, while I pay the land developer the original price that I had booked it for? Is this possible and worth investing in rather than keeping it in a bank at a fixed interest rate?
Apologies if this sounds stupid, I'm just thinking out aloud.