๐RE Investment Opportunity, better off buying AMC?
Aug 25, 2021
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Have a new condo development opportunity in US but not sure if the risk is worth the reward. Any thoughts?
-$1m price. 200k deposit 20%
-Completion date late 2025
-Reputable builder and developer
-In a limited supply market with lots of foreign investors, but low local income
-based on my assumptions. I should make (on my 200k deposit) at minimum 0.5% (up to maximum 9%) per year over the next 4 years after considering all costs (closing, selling, taxes) and adjusted for 3% inflation
-concerns: where the market will be in 4-5 years. 200k is about 35% of my assets. I wouldnโt be able to liquidate until deed transfers and sell the place. Uber stock price
#housing #mortgage #fire #stonks
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