Raw land investment question

[poloski]

I am interested in investing in raw land with the intent to "flip" into rural home sites. I have a couple of questions.

1. Does having a pond excavated prove to be a profit usually?

2. What all expenses will I have while I'm waiting for the land to sell?

3. I am up and going with little funds. Would I be able to get a loan from a land bank more than likely? I have no problem with taking risks and have always been told if you are going to fall face first, do it when your young.

[Jewen Presbitero]

>>1. Does having a pond excavated prove to be a profit usually? i'll base my answer here in cebu, Philippines. it can be profitable in long term basis, not usually. but you have to consider the location whether it is near a body of water, etc.

>>2. What all expenses will I have while I'm waiting for the land to sell? you will pay the a yearly tax and also the care taker of your land and one-time fencing expense.

>>3. I am up and going with little funds. Would I be able to get a loan from a land bank more than likely? I have no problem with taking risks and have always been told if you are going to fall face first, do it when your young. good to know you are a risk-taker. this is really needed. also just make sure you have the essential documents with you when you deal with the bank or other related institutions.

the above answers are based on my knowledge. as always i accept critics and stand corrected for probable flaws. By the way if, you are interested in investing lands, this is for you.


Documents:titled land lot area: almost 20,000 sqr.m selling price: PHP 800/sq.m. location: Talamban Cebu City Philippines mode of payment: Cash (no terms) existing condition: at present there are 70 mango trees in this lot and the owner is harvesting yearly, therefore this is an income-generating piece of land.